India raises gold tariffs amid rising oil prices
after close1 source ↓written by the desknot a recommendation
- to tackle rising
- 6% to 15%
- Brent crude above
- $100 per barrel
- for FY 2026-27
- 2% of GDP
India has increased gold import tariffs from 6% to 15% to tackle rising imports, but external pressures persist. High oil prices, with Brent crude above $100 per barrel, could push the current account deficit above 2% of GDP for FY 2026-27, warns Emkay Global. Barclays highlights that elevated gold prices may limit tariff effectiveness.
Not investment advice. For informational purposes only.