Gold is being offered at a ₹450/g discount in India after the government raised Customs duty to 15%, impacting demand following PM Modi's appeal to avoid purchases.

India's gold demand remains low due to price volatility and high import duties, while China sees easing premiums.

The organised gold jewellery retail sector is set for a steep 13–15% volume decline to a decade low in FY27, driven by the governments import duty hike to 15%. Rising prices,…

India's gold demand is likely to decline by 50-60 tonnes in calendar year 2026, or about 10 per cent lower than the previous year, following the recent increase in import duty,…

The bullion trade is passing on the benefits of importing the yellow metal at lower duty to spur demand

Gold is being offered at a ₹450/g discount in India after the government raised Customs duty to 15%, impacting demand following PM Modi's appeal to avoid purchases.