The higher import duties on gold and other precious metals could lead to lower demand of the metal in the world’s second-largest consumer. This could help stabalise the ruppe that has been performing poorly over the last few months.

India raises gold, silver import duty. What does it mean for the buyers and falling rupee?

Aiming to standardising the price of gold in India, Prime Minister Narendra Modi launched the country's first international bullion exchange on Friday. Seeking to make it easier for small bullion dealers and jewellers to trade, the bullion exchange will facilitate a better price negotiation strength, according to India's Finance Minister Nirmala Sitharaman.

In bid to bring transparency, India launches first international bullion exchange

In India, the gold business has been hit by coronavirus pandemic but investment in export gold has seen a massive increase. On the other hand, domestic sales of jewellery exports are not doing great. Watch report. About Channel: WION -The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One. Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults. Subscribe to our channel at https://goo.gl/JfY3NI Check out our website: http://www.wionews.com Connect with us on our social media handles: Facebook: https://www.facebook.com/WIONews Twitter: https://twitter.com/WIONews Follow us on Google News for latest updates Zee News:- https://bit.ly/2Ac5G60 Zee Bussiness:- https://bit.ly/36vI2xa DNA India:- https://bit.ly/2ZDuLRY WION: https://bit.ly/3gnDb5J Zee News Apps : https://bit.ly/ZeeNewsApps

India's jewellery exports plunge: Lockdown affects sales and production

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India raises gold, silver import duty. What does it mean for the buyers and falling rupee?

In bid to bring transparency, India launches first international bullion exchange

India's jewellery exports plunge: Lockdown affects sales and production