New Delhi: The government on Wednesday, May 13, hiked import duties on gold and silver to 15 per cent from 6 per cent as part of measures to curb inbound

A government source said India has no plan to raise gold and silver import duties after Prime Minister Narendra Modi urged people to postpone non-essential gold purchases. The clarification eases market speculation over tougher curbs even as high oil prices keep pressure on the current account deficit.