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 Gold Continues to Defy Expectations Despite Market Downturns READ MORE Study Reveals Shift from Stocks to Sports Betting READ MORE Household Debt Climbs but Economy Shows Signs of Robust Growth READ MORE Jamie Dimon Warns of U.S. Debt Crisis as Nation Adds $2.1 Trillion in Three Months READ MORE U.S. Economy Triumphs: U.S. Growth During a Global Slowdown READ MORE Add a Comment Cancel replyYour email address will not be published.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