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.
READ NEXT
-
Bengal T20 League changing women's cricket landscape: Jhulan Goswami
-
5 Safest Cars Under ₹10 Lakh Nobody Talks About
-
Amitabh Bachchan Opens Up on Sleepless Nights, Says Work Pressure Keeps Him Awake Till 4 AM
-
Bollywood star Fernandez withdraws approver plea in ₹200cr case
-
Who Is Suraj Nambiar? Here's Everything You Need To Know About Mouni Roy's Husband
