India raises gold tariffs amid rising oil prices
pre-market1 source ↓written by the desknot a recommendation
- to curb imports
- 6% to 15%
- Brent crude above
- $100 per barrel
- for FY 2026-27
- 2% of GDP
India has raised gold import tariffs from 6% to 15% to curb imports, but external pressures persist. High oil prices, with Brent crude above $100 per barrel, could push the current account deficit to over 2% of GDP for FY 2026-27. Barclays warns that elevated gold prices may limit the effectiveness of these measures.
Not investment advice. For informational purposes only.