"To enhance domestic value addition in gold and... ... Union Budget 2024 Live: Standard Deduction for salaried employees hiked to Rs 75,000

"To enhance domestic value addition in gold and precious metal jewelry, I propose to reduce customs duties on gold and silver to 6% and on platinum to 6.4%. Additionally, since other metals like steel and copper are important raw materials, customs duties on these will be also reduced to support production..." says Union Finance Minister Nirmala Sitharaman