India denies plans to raise gold and silver import duties. Prime Minister Modi urged citizens to avoid gold purchases amid economic pressures. The government official confirmed no duty hikes are planned. Gold and silver imports saw significant increases last fiscal year. Industry experts suggest potential smuggling if duties rise. The jewellery sector is adapting to maintain affordability.
Why did market rise today? Sensex soars 890 pts, Nifty closes above 24,250; 4 factors behind Rs 4 lakh cr gains on D-Street
Indian stock markets experienced a significant surge on Wednesday. Benchmark indices Sensex and Nifty both rose over one percent. This occurred despite a sharp increase
July 29, 2026