Gold just got significantly more expensive in India, and this move goes beyond just rising jewellery prices. The government has increased the import duty from 6% to 15% in an effort to reduce heavy gold imports and support the rupee, which has been under pressure. Since India imports most of its gold, large-scale buying leads to a higher outflow of dollars, impacting the country’s financial stability. For consumers, this directly means paying more for gold jewellery and investments. However, from a broader perspective, the decision is aimed at controlling the trade deficit, conserving foreign exchange reserves, and strengthening the overall economy. In the short term, this could trigger a surge in buying as people rush before prices climb further. But over time, higher prices are likely to cool demand and shift interest toward alternatives like digital gold or other investments. . .Follow onevisionmedia.in for new updates and knowledge. . . ( Gold, Gold Price, Gold Value, Economic C...