India's Gold Rush: Tariff Cut Sparks Record Imports and Global Price Surge India’s gold imports hit a record high in August following a significant cut in import duties, driving global gold prices to new heights. The tariff reduction at the end of July sparked a surge in demand for gold jewelry and bars in India, the world’s second-largest gold buyer. This unexpected boost in Indian consumption has contributed to the overall rally in gold prices, which have risen by 25% since the beginning of the year. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Jamie Dimon Warns of U.S. Debt Crisis as Nation Adds $2.1 Trillion in Three Months READ MORE Fed's Balancing Act: Slow Rate Cuts to Navigate Economic Crosscurrents READ MORE Inflation Erodes Trust in Major Consumer Brands READ MORE Yuan Hits Weakest Level Since November as China Loosens Currency Control READ MORE Safe-Haven Appeal Drives Gold Over $2,400 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment