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‘To buy or not to buy gold’ dilemma of families chills Hyderabad jewellery trade as 15% import duty on gold hits home
Wild fluctuations in gold prices and a hike in import duty triggered panic across Hyderabad’s jewellery markets, with traders reporting a sharp drop in customers and fears of severe losses for small retailers.
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economictimes.indiatimes.com
Rising duties may cut India’s gold imports sharply: Mohammed Imran
India's bullion market faces a significant reset as the government hikes import duties on gold and jewellery. Analysts predict this will cool demand, reduce imports, and push…
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Gold import duty hike triggers buying rush and volume concerns, says Senco Gold MD
India's gold jewellery market is adjusting to a new reality. An import duty hike is causing consumers to rush purchases. Industry experts predict a drop in sales volumes.…
