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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. Consumers are expected to opt for lighter, lower-value jewellery. This shift could also benefit retailers through higher margins on lower karatage items. Old gold exchanges are likely to increase.
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cnbc.com
India hikes bullion import duties as the world's second-largest gold market faces a declining rupee
The government has imposed a 10% basic customs duty and a 5% tax on gold and silver imports, as per notifications issued on Wednesday.
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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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The 2013 ghost returns: Will higher gold duties actually restrict imports or just fuel the grey market?
Indias shock hike in gold and silver import duty to 15% has revived memories of the 2013 crisis. While the move aims to curb dollar outflows and stabilise the rupee, experts warn…
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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.…
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Jewellery stocks take Rs 60,000 crore hit in 3 days on govt's double-blow. Is the worst behind?
Jewellery stocks have plunged up to 20% in three sessions, erasing nearly Rs 60,000 crore in investor wealth after PM Narendra Modi urged households to defer gold purchases and…
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theprint.in
Gold duty hike may hit volumes, spike recycling: jewellers
Kolkata, May 13 (PTI) Jewellers and industry leaders on Wednesday said the hike in import duty on gold and silver could impact jewellery volumes in the short term, though demand…
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Explainer: Why India's higher tariffs are unlikely to dent gold, silver demand
India has increased import duties on gold and silver to 15 percent. This move aims to reduce imports and protect foreign exchange reserves. The government views precious metals as…
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thehindu.com
‘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…
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Duty hike may bring out more old gold into market
Industry executives said promoting sales of lower carat jewellery like 14K and 9K can reduce imports by 20-30%, and discouraging investments in gold bars and coins can reduce…
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Brace for higher gold prices and supply boom in grey markets after customs duty hike: SBI report
15% customs duty hike on gold imports is expected to raise domestic prices and potentially divert supplies through unofficial channels, according to SBI Research. This move could…
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timesofindia.indiatimes.com
Why gold, silver duty hike to 15% is unlikely to hit demand for precious metals - explained - The Times of India
India Business News: In a bid to keep foreign exchange reserves buffer intact, the government has raised the import duty on gold and silver to 15% from 6%. India is the wo.
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Gold custom duties hiked: Gold duty hike may raise domestic prices, divert supplies to grey markets: SBI report
Gold is expected to become costlier after the government's recent move to raise import duty to 15%. Alongside, the impact is likely to show up in domestic prices as well as trade…
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thehindubusinessline.com
India discounts soar to record high on import duty hike; China premiums firm
India's gold discounts hit record highs following a tariff hike, while Chinese premiums remain steady amid strong investment demand.
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Gold imports jump 82 pc to USD 5.62 bn in April; silver by 157 pc
New Delhi, May 15 (PTI) India’s gold imports surged 81.69 per cent year-on-year to USD 5.62 billion in April, driven by high prices of the precious metal, though imports may…
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India’s gold import duty hike: A double-edged sword
India has raised gold import duty to 15% and urged citizens to buy less gold. This move targets foreign reserves and the rupee's value. However, India's strong cultural demand for…