Government doubles import duty on gold & silver, effective rate now at 18.4%

Industry players and experts warn that this decision will not only encourage a shift to smuggling but will also have other negative effects on employment. The government has not yet released an official statement on the duty hikes

May 13, 2026 - 21:30
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Government doubles import duty on gold & silver, effective rate now at 18.4%
Industry players and experts warn that this decision will not only encourage a shift to smuggling but will also have other negative effects on employment. The government has not yet released an official statement on the duty hikes

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