India’s Gold Imports Fell 58%. Silver Imports Rose 127%.

The same 15% duty hit gold and silver in India this August, but only gold imports collapsed. Kotak Institutional Equities lays out three explanations, and the real story is what official trade data can’t measure.
India Gold Import Duty: Does a Hike Actually Kill Demand?

Indian rupee banknotes beside a 1000g fine gold bullion bar on a dark surface — illustrating India’s gold import duty hike and the rupee vs gold tension.
