<h1>India Raises Customs and Excise Duties on Gold, Silver, and Platinum to Curb Import Surge and Address Deficit.</h1> The customs duty on gold and platinum has been increased from 8% to 10%, and on silver from 6% to 10%, as part of efforts to address the current account deficit. Additional duties on gold and silver dore bars and ores have also been raised. Excise duties on refined gold and silver produced from various sources have been increased to 9% and 8%, respectively. These changes aim to curb the import of gold and silver, which have surged significantly. Notifications regarding these adjustments were presented in Parliament, reflecting India's substantial import and consumption of these metals.