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Will gold rush past the import duty hike?

Posted on 26 August 2013

Gold is the corpse of value…” said Goto Dengo, a character in Neal Stephenson’s novel Cryptonomicon. The sentiment strikes a chord with the aam admi as gold price spikes to new highs.
As part of its strategic initiatives to contain the current account deficit, the Government recently hiked customs duty on gold and platinum from 8 per cent to 10 per cent, and on silver from 6 per cent to 10 per cent………………………………………..Full Article: Source


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