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The Economic Times

Economy / The Economic Times

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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 meeting to discuss the implications and potential actions. Consumers may opt for lighter gold jewellery as prices rise.

13 May 2026 10:46 am