Import duty hike to decrease India’s gold demand by 50-60 tonnes in 2026
India's gold demand faces a significant drop this year. The World Gold Council predicts a contraction of 50 to 60 tonnes. This decline follows a sharp increase in import duties. The Prime Minister has also urged consumers to pause gold purchases for a year. Investment demand is more sensitive to these duty changes than jewellery. Mumbai, India's gold demand is…
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