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Gold import duty hike triggers buying rush and volume concerns, says Senco Gold MD

India’s gold jewellery market is adjusting to a new reality. An import duty hike is causing consumers to rush purchases. Industry experts predict a drop in sales volumes. Consumers are expected to opt for lighter, lower-value jewellery. This shift could also benefit retailers through higher margins on lower karatage items. Old gold exchanges are likely to increase.

Source :- Markets-Economic Times Read More

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