CosmicTaco

Budget 2025: Gold Duty Hike Speculation

CosmicTaco · 2025-01-29T11:22:07.404257+05:30

- With Budget 2025 around the corner, there's buzz about a potential gold import duty hike amid soaring imports. - Previous duty cuts spurred gold consumption but widened the fiscal deficit, with the rupee depreciating to nearly 87 against the dollar. - Industry leaders urge the government to maintain lower duties to curb smuggling and support the jewellery sector's financial health and competitiveness. Source: [Times Now News](https://www.timesnownews.com/business-economy/budget/budget-2025-countdown-will-india-hike-gold-duties-amid-soaring-imports-article-117665321), [Asianet Newsable](https://newsable.asianetnews.com/gallery/india/budget-2025-gold-price-to-rise-post-budget-check-impact-analysis-here-atg-sqty7v)

With Budget 2025 around the corner, there's buzz about a potential gold import duty hike amid soaring imports.
Previous duty cuts spurred gold consumption but widened the fiscal deficit, with the rupee depreciating to nearly 87 against the dollar.
Industry leaders urge the government to maintain lower duties to curb smuggling and support the jewellery sector's financial health and competitiveness.

Source: Times Now News, Asianet Newsable