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 Over $20 Million in Gold Stolen in Canada’s Largest Airport Heist READ MORE Bullion Prices Stable as Traders Await Inflation Cues READ MORE Commodities Cool Off Ahead of Key Economic Data READ MORE Ukraine's Air Defense Plea Intensifies After Devastating Missile Strike READ MORE BRICS Grain Exchange Idea Moves Forward READ MORE Add a Comment Cancel replyYour email address will not be published.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