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 Inflation Data May Shape Fed’s Path to Interest Rate Cuts READ MORE Nasdaq: Where are Precious Metals Prices Heading in Q2? READ MORE Gold Hits Record $2,400 as Middle East Tensions Heighten READ MORE U.S. Firms Embrace Currency Options as Election Hedge READ MORE Global Bond Markets Surge Amidst Softening US Job Openings READ MORE Add a Comment Cancel replyYour email address will not be published.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