Live Updates > Live Update Details
2026-05-25 17:37:17
[India's Increase in Gold Import Tax May Stimulate Local Demand, Research Institution Says] ⑴ Charles Gave of Gavekal Research wrote in a report that India's increase in gold import tax will not dampen local demand. ⑵ He pointed out that the move weakens the rupee's value against gold, adding that it will instead encourage locals to buy more gold as savings. ⑶ Gave added that the government needs to mobilize India's gold reserves, but "those who have long held gold as savings will never give it up unless they can get a substantial return." ⑷ Gave stated that gold-linked bonds could better support government financing through principal and interest payments while maintaining gold levels.
