This news wont help their price capping going forward.
India makes a big move to cut import taxes on Gold and Silver "to stop smuggling " so they claim which wouldn't be that big a deal anyway.
Expect India to ramp up imports and for demand to grow in an economy that is 20 years behind China.
https://www.reuters.com/markets/commodities/india-slashes-import-tax-gold-silver-6-2024-07-23/
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