{"id":5466,"date":"2022-07-01T05:37:59","date_gmt":"2022-07-01T05:37:59","guid":{"rendered":"https:\/\/bankkaro.com\/blog\/?post_type=web-story&#038;p=5466"},"modified":"2022-07-01T11:48:02","modified_gmt":"2022-07-01T11:48:02","slug":"india-raises-gold-import-duty","status":"publish","type":"web-story","link":"https:\/\/bankkaro.com\/blog\/web-stories\/india-raises-gold-import-duty\/","title":{"rendered":"India raises gold import duty to 12.5%"},"content":{"rendered":"<p><html amp=\"\" lang=\"en\"><head><meta charSet=\"utf-8\"\/><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1,initial-scale=1\"\/><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link href=\"https:\/\/fonts.googleapis.com\/css2?display=swap&amp;family=Roboto%3Awght%40400%3B700\" rel=\"stylesheet\"\/>\n<style amp-boilerplate=\"\">body{-webkit-animation:-amp-start 8s steps(1,end) 0s 1 normal both;-moz-animation:-amp-start 8s steps(1,end) 0s 1 normal both;-ms-animation:-amp-start 8s steps(1,end) 0s 1 normal both;animation:-amp-start 8s steps(1,end) 0s 1 normal both}@-webkit-keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}@-moz-keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}@-ms-keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}@-o-keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}@keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}<\/style>\n<p><noscript><\/p>\n<style amp-boilerplate=\"\">body{-webkit-animation:none;-moz-animation:none;-ms-animation:none;animation:none}<\/style>\n<p><\/noscript><\/p>\n<style amp-custom=\"\">\n              h1, h2, h3 { font-weight: normal; }<\/p>\n<p>              amp-story-page {\n                background-color: #131516;\n              }<\/p>\n<p>              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Neue\", sans-serif;;\n                font-size: calc(4 * var(--story-page-vw));\n                line-height: 1.4;\n                word-break: break-word;\n                word-wrap: break-word;\n                overflow-wrap: break-word;\n              }\n              <\/style>\n<p><meta name=\"web-stories-replace-head-start\"\/><title>India raises gold import duty to 12.5%<\/title><link rel=\"canonical\" href=\"https:\/\/bankkaro.com\/blog\/?post_type=web-story&amp;p=5466\"\/><meta name=\"web-stories-replace-head-end\"\/><\/head><body><amp-story standalone=\"\" publisher=\"BankKaro Blog\" publisher-logo-src=\"https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/05\/Bk-Story.png\" title=\"India raises gold import duty to 12.5%\" poster-portrait-src=\"https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/07\/cropped-pexels-pixabay-47047-min-scaled-1.jpg\"><amp-story-page id=\"cd75b08c-243f-4221-91cb-6f9473f371dd\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#1263ff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-e0a6e36b-a695-4d6e-b777-63d46371e7d3\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:12.86408%;top:3.8835%;width:73.54369%;height:16.82848%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6600660066006601% 0.6600660066006601% 0.6600660066006601% 0.6600660066006601% \/ 1.9230769230769231% 1.9230769230769231% 1.9230769230769231% 1.9230769230769231%\" id=\"el-406966a4-d13f-409a-9148-88b22f476fcf\">\n<h2 id=\"gold-import-duty-raised-from-7-5-to-12-5-in-india\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.08763407590759031% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.474110em;line-height:1.19;text-align:center;padding:0;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">Gold import duty raised from 7.5% to 12.5% in India<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:16.01942%;top:66.01942%;width:67.47573%;height:14.56311%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7194244604316548% 0.7194244604316548% 0.7194244604316548% 0.7194244604316548% \/ 2.2222222222222223% 2.2222222222222223% 2.2222222222222223% 2.2222222222222223%;background-clip:content-box;background-color:#000\" id=\"el-9b14d7e7-3f8d-4824-a458-02a4458f8658\">\n<h3 id=\"the-rate-hike-acts-as-a-reversal-to-the-original-rates\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.11634442446043128% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:1.4388489208633095% 2.877697841726619%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">The rate hike acts as a reversal to the original rates<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:89.64401%;width:56.79612%;height:3.72168%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8547008547008548% 0.8547008547008548% 0.8547008547008548% 0.8547008547008548% \/ 8.695652173913043% 8.695652173913043% 8.695652173913043% 8.695652173913043%\" id=\"el-94802d47-5c8f-4897-a6e2-93f29580417a\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.1201923076923077% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.323625em;line-height:1.2;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">Here are the details<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:15.29126%;top:27.99353%;width:69.17476%;height:25.40453%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-eeec44e2-1098-4171-b16e-acd6c8fff127\">\n<div style=\"position:absolute;width:100%;height:121.01912%;left:0%;top:-10.50956%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/images.unsplash.com\/photo-1610375461246-83df859d849d?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwyfHxnb2xkfGVufDB8fHx8MTY1NjYxNDk5OA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=6000&amp;h=4000&amp;fit=max\" alt=\"gold and black metal tool\" srcSet=\"https:\/\/images.unsplash.com\/photo-1610375461246-83df859d849d?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwyfHxnb2xkfGVufDB8fHx8MTY1NjYxNDk5OA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=6000&amp;h=4000&amp;fit=max 6000w,https:\/\/images.unsplash.com\/photo-1610375461246-83df859d849d?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwyfHxnb2xkfGVufDB8fHx8MTY1NjYxNDk5OA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=4800&amp;h=3200&amp;fit=max 4800w,https:\/\/images.unsplash.com\/photo-1610375461246-83df859d849d?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwyfHxnb2xkfGVufDB8fHx8MTY1NjYxNDk5OA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=3600&amp;h=2400&amp;fit=max 3600w,https:\/\/images.unsplash.com\/photo-1610375461246-83df859d849d?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwyfHxnb2xkfGVufDB8fHx8MTY1NjYxNDk5OA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=2400&amp;h=1600&amp;fit=max 2400w,https:\/\/images.unsplash.com\/photo-1610375461246-83df859d849d?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwyfHxnb2xkfGVufDB8fHx8MTY1NjYxNDk5OA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=1200&amp;h=800&amp;fit=max 1200w,https:\/\/images.unsplash.com\/photo-1610375461246-83df859d849d?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwyfHxnb2xkfGVufDB8fHx8MTY1NjYxNDk5OA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=340&amp;h=227&amp;fit=max 340w\" sizes=\"(min-width: 1024px) 31vh, 69vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:58.49515%;top:83.81877%;width:25%;height:15.69579%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" id=\"el-e658e4ef-6b2b-49b9-a24e-b8015fc5abd7\"><svg style=\"display:block;position:absolute;top:0;height:100%;width:auto\" viewBox=\"0 0 18 17\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><title>Arrow<\/title><path d=\"M16.8371 7.04675L10.4371 0.24707L8.83708 1.75308L13.4942 6.70109H0.0371094V8.89842H16.0371C16.4754 8.89842 16.8718 8.63788 17.0457 8.23551C17.2195 7.83314 17.1376 7.36593 16.8371 7.04675Z\" fill=\"#F9F3E9\"><\/path><path d=\"M14.1383 9.78401L8.85498 15.3973L10.3635 17L15.6468 11.3867L14.1383 9.78401Z\" fill=\"#F9F3E9\"><\/path><\/svg><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"b7251312-09c7-4e79-a169-86bec170aa94\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#1263ff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-c406fe70-0570-4d56-a29a-509363bbaabe\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:14.80583%;top:2.589%;width:69.66019%;height:8.09061%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6968641114982579% 0.6968641114982579% 0.6968641114982579% 0.6968641114982579% \/ 4% 4% 4% 4%;background-clip:content-box;background-color:#000\" id=\"el-ce0524ed-3ad4-4480-bf51-7818ccafe3f9\">\n<h1 id=\"background\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.11367595818815267% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.582524em;line-height:1.19;text-align:center;padding:1.3937282229965158% 2.7874564459930316%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">Background<\/span><\/span><\/h1>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:17.96117%;top:22.49191%;width:63.34951%;height:10.19417%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7662835249042145% 0.7662835249042145% 0.7662835249042145% 0.7662835249042145% \/ 3.1746031746031744% 3.1746031746031744% 3.1746031746031744% 3.1746031746031744%;background-clip:content-box;background-color:#000\" id=\"el-549cdfb2-24e6-4e0c-a086-a550cb6cdef7\">\n<h3 id=\"gold-imports-attract-duty-and-gst\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.12392241379310305% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:1.532567049808429% 3.065134099616858%;color:#000000\"><span><span style=\"color: #fff\">Gold imports attract duty and GST<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.38835%;top:44.49838%;width:58.25243%;height:10.35599%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 3.125% 3.125% 3.125% 3.125%;background-clip:content-box;background-color:#000\" id=\"el-a8114c19-6332-413c-8d6f-0c9351a65fcf\">\n<h3 id=\"originally-the-duty-was-12-5\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.14062499999999942% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">Originally, the duty was 12.5%<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.38835%;top:66.66667%;width:58.25243%;height:14.56311%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 2.2222222222222223% 2.2222222222222223% 2.2222222222222223% 2.2222222222222223%;background-clip:content-box;background-color:#000\" id=\"el-1d33b565-751b-4c94-8c8a-5f13abc3934a\">\n<h3 id=\"it-had-been-reduced-to-7-5-in-last-years-union-budget\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.13476562499999956% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">It had been reduced to 7.5% in last year&#8217;s Union Budget<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"e5a94f72-72c2-4470-a0f3-b7bcc1619056\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#1263ff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-fafa3be2-25ef-4ba5-8355-204b6eaae873\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:14.80583%;top:2.589%;width:69.66019%;height:15.04854%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6968641114982579% 0.6968641114982579% 0.6968641114982579% 0.6968641114982579% \/ 2.1505376344086025% 2.1505376344086025% 2.1505376344086025% 2.1505376344086025%;background-clip:content-box;background-color:#000\" id=\"el-0b7882d3-22aa-4073-8758-c506b635f79f\">\n<h1 id=\"what-has-happened\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.11367595818815267% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.582524em;line-height:1.19;text-align:center;padding:1.3937282229965158% 2.7874564459930316%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">What has happened?<\/span><\/span><\/h1>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:17.96117%;top:25.24272%;width:63.34951%;height:14.56311%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7662835249042145% 0.7662835249042145% 0.7662835249042145% 0.7662835249042145% \/ 2.2222222222222223% 2.2222222222222223% 2.2222222222222223% 2.2222222222222223%;background-clip:content-box;background-color:#000\" id=\"el-d61586d3-cca7-4af5-8fc3-0d857c600bd7\">\n<h3 id=\"in-a-strange-turn-of-events-import-duty-is-back-to-12-5\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.12392241379310305% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:1.532567049808429% 3.065134099616858%;color:#000000\"><span><span style=\"color: #fff\">In a strange turn of events, import duty is back to 12.5%<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.38835%;top:50%;width:58.25243%;height:14.56311%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 2.2222222222222223% 2.2222222222222223% 2.2222222222222223% 2.2222222222222223%;background-clip:content-box;background-color:#000\" id=\"el-c6fda2ce-270a-4e1a-a6f3-54409e0b6c15\">\n<h3 id=\"this-is-an-attempt-to-cut-demand-amid-a-depreciating-rupee\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.13476562499999956% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">This is an attempt to cut demand amid a depreciating rupee<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.38835%;top:74.59547%;width:58.25243%;height:14.23948%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 2.272727272727273% 2.272727272727273% 2.272727272727273% 2.272727272727273%;background-clip:content-box;background-color:#000\" id=\"el-f0707f6a-d1f5-4b15-b01e-5203e785346b\">\n<h3 id=\"this-will-lead-to-an-increase-in-gold-prices-in-india\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.1318359375% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.364078em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">This will lead to an increase in gold prices in India<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"470689b5-ddc9-480f-8014-977cada8df25\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#1263ff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-d086f884-efac-4a7d-a79a-88efb4dc46d7\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:15.04854%;top:0;width:69.66019%;height:8.09061%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6968641114982579% 0.6968641114982579% 0.6968641114982579% 0.6968641114982579% \/ 4% 4% 4% 4%;background-clip:content-box;background-color:#000\" id=\"el-5aaa9a91-3360-4adf-aad0-5a82a15f620a\">\n<h1 id=\"consequences\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.11367595818815267% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.582524em;line-height:1.19;text-align:center;padding:1.3937282229965158% 2.7874564459930316%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">Consequences<\/span><\/span><\/h1>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:18.20388%;top:20.87379%;width:63.34951%;height:19.7411%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7662835249042145% 0.7662835249042145% 0.7662835249042145% 0.7662835249042145% \/ 1.639344262295082% 1.639344262295082% 1.639344262295082% 1.639344262295082%;background-clip:content-box;background-color:#000\" id=\"el-51d88fb4-40ab-403b-9ff8-4f154a6ec385\">\n<h3 id=\"as-mentioned-gold-price-is-expected-to-shoot-up-over-next-few-days\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.12931034482758566% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.532567049808429% 3.065134099616858%;color:#000000\"><span><span style=\"color: #fff\">As mentioned, gold price is expected to shoot up over next few days<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.87379%;top:48.7055%;width:58.25243%;height:14.56311%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 2.2222222222222223% 2.2222222222222223% 2.2222222222222223% 2.2222222222222223%;background-clip:content-box;background-color:#000\" id=\"el-391de321-2fc9-4bd6-aa69-c867816c9ff6\">\n<h3 id=\"demand-for-gold-during-festive-season-could-be-low\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.13476562499999956% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">Demand for gold during festive season could be low<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:21.1165%;top:73.94822%;width:58.25243%;height:18.93204%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 1.7094017094017095% 1.7094017094017095% 1.7094017094017095% 1.7094017094017095%;background-clip:content-box;background-color:#000\" id=\"el-01cdace3-1dae-4090-809b-0879f9e01031\">\n<h3 id=\"reportedly-this-might-lead-to-spike-in-illegal-imports-due-to-arbitrage\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.13476562499999956% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">Reportedly, this might lead to spike in illegal imports due to arbitrage<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"ad966d8e-91f6-477f-a6e1-57255d11b173\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#1263ff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-402aa49c-8c16-41ce-8b46-02a06129bd67\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:14.80583%;top:2.589%;width:69.66019%;height:15.04854%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6968641114982579% 0.6968641114982579% 0.6968641114982579% 0.6968641114982579% \/ 2.1505376344086025% 2.1505376344086025% 2.1505376344086025% 2.1505376344086025%;background-clip:content-box;background-color:#000\" id=\"el-ad95d7a6-3219-4f1c-a0e5-487f8db21701\">\n<h1 id=\"market-in-numbers\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.11367595818815267% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.582524em;line-height:1.19;text-align:center;padding:1.3937282229965158% 2.7874564459930316%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">Market in numbers<\/span><\/span><\/h1>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:17.96117%;top:28.47896%;width:63.34951%;height:10.35599%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7662835249042145% 0.7662835249042145% 0.7662835249042145% 0.7662835249042145% \/ 3.125% 3.125% 3.125% 3.125%;background-clip:content-box;background-color:#000\" id=\"el-9a09828d-4a73-4395-a70a-40e09fc8f208\">\n<h3 id=\"india-imported-1678-tonnes-of-gold-in-2021\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.1266163793103447% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.380259em;line-height:1.2;text-align:center;padding:1.532567049808429% 3.065134099616858%;color:#000000\"><span><span style=\"color: #fff\">India imported 1,678 tonnes of gold in 2021<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:21.1165%;top:48.05825%;width:58.25243%;height:15.04854%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 2.1505376344086025% 2.1505376344086025% 2.1505376344086025% 2.1505376344086025%;background-clip:content-box;background-color:#000\" id=\"el-c497b037-5dbf-450e-b799-1368565c3e09\">\n<h3 id=\"the-value-of-imports-were-almost-35-billion-last-year\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.14062499999999942% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">The value of imports were almost $35 billion last year<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.14563%;top:72.3301%;width:58.25243%;height:24.43366%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8333333333333334% 0.8333333333333334% 0.8333333333333334% 0.8333333333333334% \/ 1.3245033112582782% 1.3245033112582782% 1.3245033112582782% 1.3245033112582782%;background-clip:content-box;background-color:#000\" id=\"el-8bbee2f2-1cc2-424c-aa6f-250527321adc\">\n<h3 id=\"total-tax-burden-12-5-duty-2-5-agri-cess-0-75-sw-surcharge-3-gst\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.14062499999999942% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:1.6666666666666667% 3.3333333333333335%;color:#000000\"><span><span style=\"color: #fff\">Total tax burden: 12.5% duty + 2.5% agri cess + 0.75% SW surcharge + 3% GST<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"2325f3b3-6044-4b5f-8327-934136fdcb1c\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#1263ff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-6ada63c3-434d-4fdd-9a3f-8ed169511867\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:15.04854%;top:0;width:69.66019%;height:17.47573%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6968641114982579% 0.6968641114982579% 0.6968641114982579% 0.6968641114982579% \/ 1.8518518518518516% 1.8518518518518516% 1.8518518518518516% 1.8518518518518516%;background-clip:content-box;background-color:#000\" id=\"el-90ad1a4b-4639-45c6-807b-b79704d6c066\">\n<h2 id=\"want-to-know-about-the-gold-loan-market-in-india\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.08841463414634151% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.453074em;line-height:1.19;text-align:center;padding:1.3937282229965158% 2.7874564459930316%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">Want to know about the gold loan market in India?<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:14.80583%;top:58.41424%;width:69.66019%;height:24.11003%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6968641114982579% 0.6968641114982579% 0.6968641114982579% 0.6968641114982579% \/ 1.342281879194631% 1.342281879194631% 1.342281879194631% 1.342281879194631%;background-clip:content-box;background-color:#000\" id=\"el-25ac8ce2-41e8-49e2-9ebc-c64b1f5bd8bf\">\n<h2 id=\"here-is-an-ultimate-guide-to-the-best-banks-for-gold-loans-in-2022\" class=\"fill text-wrapper\" style=\"white-space:pre-wrap;overflow-wrap:break-word;word-break:break-word;margin:-0.09472996515679369% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.485437em;line-height:1.19;text-align:center;padding:1.3937282229965158% 2.7874564459930316%;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">Here is an ultimate guide to the best banks for gold loans in 2022!<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:14.80583%;top:23.46278%;width:69.90291%;height:28.47896%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-611e0cd3-ed6f-4abb-ab80-d8925120d293\">\n<div style=\"position:absolute;width:100%;height:109.09092%;left:0%;top:-4.54546%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/images.unsplash.com\/photo-1553729459-efe14ef6055d?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwyfHxsb2FufGVufDB8fHx8MTY1NjYwMzU0Mw&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=5616&amp;h=3744&amp;fit=max\" alt=\"fan of 100 U.S. dollar banknotes\" srcSet=\"https:\/\/images.unsplash.com\/photo-1553729459-efe14ef6055d?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwyfHxsb2FufGVufDB8fHx8MTY1NjYwMzU0Mw&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=5616&amp;h=3744&amp;fit=max 5616w,https:\/\/images.unsplash.com\/photo-1553729459-efe14ef6055d?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwyfHxsb2FufGVufDB8fHx8MTY1NjYwMzU0Mw&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=4492&amp;h=2995&amp;fit=max 4492w,https:\/\/images.unsplash.com\/photo-1553729459-efe14ef6055d?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwyfHxsb2FufGVufDB8fHx8MTY1NjYwMzU0Mw&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=3369&amp;h=2246&amp;fit=max 3369w,https:\/\/images.unsplash.com\/photo-1553729459-efe14ef6055d?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwyfHxsb2FufGVufDB8fHx8MTY1NjYwMzU0Mw&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=2246&amp;h=1497&amp;fit=max 2246w,https:\/\/images.unsplash.com\/photo-1553729459-efe14ef6055d?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwyfHxsb2FufGVufDB8fHx8MTY1NjYwMzU0Mw&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=1123&amp;h=749&amp;fit=max 1123w,https:\/\/images.unsplash.com\/photo-1553729459-efe14ef6055d?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwyfHxsb2FufGVufDB8fHx8MTY1NjYwMzU0Mw&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;w=340&amp;h=227&amp;fit=max 340w\" sizes=\"(min-width: 1024px) 31vh, 70vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-page-outlink layout=\"nodisplay\" cta-image=\"https:\/\/bankkaro.com\/blog\/wp-content\/uploads\/2022\/07\/MicrosoftTeams-image-1.jpg\"><a href=\"https:\/\/bankkaro.com\/blog\/best-banks-nbfcs-for-gold-loans-in-india\/5452\/\" rel=\"\">Read more<\/a><\/amp-story-page-outlink><\/amp-story-page><\/amp-story><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"Gold import duty has been raised from 7.5% to 12.5%, after a rate cut just last year. What does this mean for you? Read our story to know more!\n","protected":false},"author":2,"featured_media":5477,"template":"","meta":{"web_stories_publisher_logo":3554,"footnotes":""},"web_story_category":[],"web_story_tag":[],"class_list":{"0":"post-5466","1":"web-story","2":"type-web-story","3":"status-publish","4":"has-post-thumbnail","6":"cs-entry","7":"cs-video-wrap"},"story_data":{"version":43,"pages":[{"elements":[{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"x":1,"y":1,"width":1,"height":1,"mask":{"type":"rectangle"},"isBackground":true,"isDefaultBackground":true,"type":"shape","id":"e0a6e36b-a695-4d6e-b777-63d46371e7d3"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"backgroundTextMode":"NONE","font":{"family":"Roboto","fallbacks":["sans-serif"],"weights":[100,300,400,500,700,900],"styles":["italic","regular"],"variants":[[0,100],[1,100],[0,300],[1,300],[0,400],[1,400],[0,500],[1,500],[0,700],[1,700],[0,900],[1,900]],"service":"fonts.google.com","metrics":{"upm":2048,"asc":1900,"des":-500,"tAsc":1536,"tDes":-512,"tLGap":102,"wAsc":1946,"wDes":512,"xH":1082,"capH":1456,"yMin":-555,"yMax":2163,"hAsc":1900,"hDes":-500,"lGap":0}},"fontSize":29.3,"backgroundColor":{"color":{"r":196,"g":196,"b":196}},"lineHeight":1.19,"textAlign":"center","padding":{"locked":true,"hasHiddenPadding":false,"horizontal":0,"vertical":0},"type":"text","content":"<span style=\"font-weight: 700; color: #fff\">Gold import duty raised from 7.5% to 12.5% in 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style=\"font-weight: 700; color: #fff\">Market in numbers<\/span>","borderRadius":{"locked":true,"topLeft":2,"topRight":2,"bottomRight":2,"bottomLeft":2},"x":61,"y":16,"width":287,"height":93,"scale":100,"focalX":50,"focalY":50,"basedOn":"cd697160-ed01-49e7-894a-7407c8b256c6","id":"ad95d7a6-3219-4f1c-a0e5-487f8db21701"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"backgroundTextMode":"FILL","font":{"family":"Roboto","fallbacks":["sans-serif"],"weights":[100,300,400,500,700,900],"styles":["italic","regular"],"variants":[[0,100],[1,100],[0,300],[1,300],[0,400],[1,400],[0,500],[1,500],[0,700],[1,700],[0,900],[1,900]],"service":"fonts.google.com","metrics":{"upm":2048,"asc":1900,"des":-500,"tAsc":1536,"tDes":-512,"tLGap":102,"wAsc":1946,"wDes":512,"xH":1082,"capH":1456,"yMin":-555,"yMax":2163,"hAsc":1900,"hDes":-500,"lGap":0}},"fontSize":23.5,"backgroundColor":{"color":{"r":0,"g":0,"b":0}},"lineHeight":1.2,"textAlign":"center","padding":{"locked":true,"hasHiddenPadding":true,"horizontal":8,"vertical":4},"type":"text","content":"<span style=\"color: #fff\">India imported 1,678 tonnes of gold in 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style=\"color: #fff\">The value of imports were almost $35 billion last 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style=\"color: #fff\">Total tax burden: 12.5% duty + 2.5% agri cess + 0.75% SW surcharge + 3% 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style=\"font-weight: 700; color: #fff\">Want to know about the gold loan market in 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