Categories: Business

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.

The News Vista

Share
Published by
The News Vista

Recent Posts

Top stocks to buy: Stock recommendations for September 21, 2026 week – check list

Stock market recommendations: Lenskart, and Happy Forgings have been recommended as the top stocks to…

2 hours ago

Olympiad: Pragg outwits Dutch No. 1 Anish Giri for first win; sister Vaishali loses

At the 2026 Chess Olympiad, R Praggnanandhaa secured his first win by outplaying Dutch No.…

3 hours ago

Anthropic CEO may release new AI model ahead of IPO

Anthropic is reportedly contemplating the launch of a new AI model to rival OpenAI's GPT-6…

3 hours ago

Mumbai student alleges home search after pro-Palestine campaign

A student claims police searched her home for nine hours without a warrant. She alleges…

3 hours ago

AfD tops another German state poll, Merz’s CDU crashes to historic low

Germany's AfD party has won the state election in Mecklenburg-Western Pomerania, delivering a major blow…

3 hours ago