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Gold demand drops 70% after sharp duty hike in India
Demand fell to about 7.5 tonnes in the fortnight ended May 27 from around 25 tonnes a year earlier, according to industry estimates. The government increased the import duty on gold to 15% from 6% with effect from May 13.
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economictimes.indiatimes.com
Gold demand drops 70% after sharp duty hike in India
Demand fell to about 7.5 tonnes in the fortnight ended May 27 from around 25 tonnes a year earlier, according to industry estimates. The government increased the import duty on…
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timesofindia.indiatimes.com
70% drop in gold demand: Import duty hike from 6% to 15% rattles buyers
NEW DELHI: Gold demand in India has slipped by nearly 70 per cent after the government doubled import duty on the precious metal earlier this month.