70% drop in gold demand: Import duty hike from 6% to 15% rattles buyers

India's gold demand has plummeted by nearly 70% following a government increase in import duty from 6% to 15%. This, coupled with rising fuel and food prices, has significantly dampened consumer sentiment and spending on discretionary items like gold.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/8jxvA6a
https://ift.tt/l3RZ7YX