Normalization of currency conditions following recent weakness will prompt the government to roll back import duties that were introduced as a temporary measure.
Too little corroboration in the last 3 days to call a trend (1 article). Watching for it to gain traction.
As currency conditions normalize following recent weakness, the government may consider rolling back temporary import duties that were introduced as a stabilization measure a couple of months ago.
Import duties and trade restrictions on gold affect the cost structure and competitiveness of domestic gold markets relative to global prices; when these barriers are removed, price discovery becomes more efficient and arbitrage opportunities diminish, potentially allowing prices to adjust more freely to underlying supply-demand fundamentals.
"The import duties were introduced a couple of months ago amid currency weakness, and with conditions now normalising, the government may consider rolling them back."