Gold, silver ETFs jump up to 15% after import duty hike triggers sharp domestic re-pricing
Gold and silver exchange-traded funds (ETFs) surged up to 15% on Wednesday (May 13) after domestic bullion prices jumped sharply on the Multi-Commodity Exchange (MCX), following the government’s steep hike in import duties on precious metals. The Centre raised customs duty on gold and silver imports to 15% from 6%, triggering an immediate re-pricing of…
