#gold-import-duty
Gold import duty hike to hurt jewellery trade, spur grey market: GJC
Gold import duty hike: The Indian gems and jewellery sector anticipates difficulties following a significant increase in gold import duty to 15 percent. This move by the government is expected to encourage the grey market and smuggling. Industry leaders are m…
Govt raises import duty on gold, silver after PM's appeal
The Indian government has increased import duties on gold and silver from 6 per cent to 15 per cent to curb inbound shipments of precious metals amid a rising import bill due to the West Asia crisis.
India’s gold import duty hike to 15% may remain for a year, says Senco MD Suvankar Sen
India's higher import duty on gold and silver could impact jewelry demand for a year, Senco MD Suvankar Sen said. Senco Gold predicts volumes may drop 10-15 percent and consumers may opt for lighter jewelry. This move aims to conserve foreign exchange reserve…
India raises gold import duty back to 15%: What’s behind the move
India has significantly raised import duties on gold, silver, and platinum. This move aims to safeguard the nation's economy and foreign exchange reserves. The government prioritises essential imports like crude oil and fertilisers. This decision reflects a p…
Buzzing stocks: Jewellers, Texmaco Rail, Interarch, Active Clothing, Choice Intl, Puravankara in focus
Jewellery stocks may remain under pressure after the government raised gold and silver import duties to 15%, while companies including Texmaco Rail, Interarch Building Solutions, Alfa Transformers and Puravankara announced major order wins, investments and st…