Gold Volume Growth May Dip 10–15% After Duty Hike, Jewellers Say
India's gold and silver import duty hike is expected to reduce jewellery sales volumes by 10–15% initially. Industry leaders anticipate sustained demand due to gold's cultural and investment value. Consumers may prefer lighter jewellery. The government aims to conserve foreign exchange and promote domestic gold recycling, with initiatives encouraging circulation of idle gold.
The Economic Times·


