Panic buying in gold as duty hike hits but sales set to fall 10% this year, says IBJA – CNBC TV18
Surendra Mehta, Secretary of India Bullion & Jewellers Association (IBJA) warns that higher gold import duties could distort the jewellery market, fuel illegal imports and drag industry demand lower in FY27 despite short-term panic buying.The gold duty hike has triggered panic buying over the last two days as consumers rushed to purchase gold ahead of anticipated curbs, according to Surendra…
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