Gold, silver futures rally 7% after govt raises import duty on bullion

The Hindu online

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Gold prices rallied by ₹9,723 to ₹1.63 lakh per 10 grams in futures trade on Wednesday (May 13, 2026), while silver soared 7% to approach the ₹3 lakh per kilogram mark after the government hiked import duties on precious metals to 15%.The move is aimed at curbing precious metals imports amid a