Gold duty hike to jeopardise jewellery trade; spur grey market, says GJC
Representational image only. File | Photo Credit: Reuters “The gems and jewellery industry is likely to face challenging times ahead following the hike in gold import duty to 15%, from 4% earlier, a move that could spur the grey market,” the All India Gems and Jewellery Council (GJC) said on Wednesday (May 13, 2026). “Business…
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