Gold jewellery demand could drop this fiscal following customs increase

Sumary of Gold jewellery demand could drop this fiscal following customs increase:

  • With gold values increasing callable to the import duty walk, gold jewellery merchants will have to choose progressive sales modes and launch promotional schemes to push sales, said Crisil Ratings’ director Rahul Guha, the Press Trust of India inform.
  • Jewellery merchants will see their working superior duty increase this fiscal by up to 35% to 40% year-on-year, according to Crisil.

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