Home
Storia in 4 fonti
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 the government hiked import duties. The double blow has rattled sentiment, though analysts see no structural threat to Indias long-term gold demand.
- ·
theprint.in
Centre more than doubles tariffs on gold, silver to defend rupee
The hikes, aiming to dampen demand in the world’s second-largest bullion market, follow a rare weekend appeal from PM Modi. Gold is the country’s largest import item after crude…
- ·
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.
