Four months, one rethink: India may cut gold duty again
- Gems and Jewellery Council chairman Rajesh Rokde tells ET Online the government is discussing a cut in gold import duties.
- He says the higher rates brought in this year have not worked, and buyers have moved to the grey market instead.
- India more than doubled duties on gold and silver in May, adding about Rs 27,000 to the cost of 10 grams.
- But no official has confirmed those talks.,
Source: economictimes.indiatimes.com
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