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Gold tariff hike boosts grey market, hurts organised trade, says WGC
India's gold imports have increased through unofficial channels following a tariff hike. This rise widens margins for grey market operators and impacts organized businesses. Enforcement agencies seized nearly double the gold after the duty increase. Net gold imports fell significantly in the June quarter to a low. Demand may improve later if prices remain stable.
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economictimes.indiatimes.com
Gold tariff hike boosts grey market, hurts organised trade, says WGC
India's gold imports have increased through unofficial channels following a tariff hike. This rise widens margins for grey market operators and impacts organized businesses. …
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India's gold demand falls 6 per cent in April-June on weak seasonal demand, higher duty: WGC
India's gold demand decreased six percent year-on-year during the April-June quarter. This decline occurred despite a significant fifty percent increase in the value of gold…
