India hikes gold and silver import duty to 15%
NewsBytes | May 13, 2026 6:40 PM CST
Experts forecast 10% gold demand drop
Experts say gold demand will likely drop by about 10%, and jewelry sales might shrink by up to 15%. Still, high prices could keep overall sales value steady.
After the news broke, shares of big jewelry brands like Titan and Kalyan Jewellers took a hit.
With costs rising, more people may start exchanging old jewelry or taking out gold loans instead.
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