India More Than Doubles Gold, Silver Tariffs to Defend the Rupee The Indian government's decision to more than double import tariffs on gold and silver has sent shockwaves through the global precious metals market.
The move is aimed at shielding the rupee from the effects of the ongoing Middle East conflict, which has led to a surge in commodity prices and a weakening currency.
This tariff hike is part of a broader pattern of protectionist measures taken by governments worldwide in response to economic uncertainty.