Economic Times5/13/2026Business2 min readIndia
India's Higher Gold Import Duty to Pressure Jewelry Demand for a Year
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India's increased import duty on gold and silver to 15% may reduce jewelry demand by 10-15% for a year, with consumers opting for lighter jewelry, according to Senco Gold's MD Suvankar Sen, as the move aims to conserve foreign exchange reserves amid global uncertainty and Middle East conflicts.
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India’s higher import duty on gold and silver could impact jewelry demand for a year, Suvankar Sen, MD of Senco Gold, said. The duty increase to 15% aims to conserve foreign exchange reserves amid global uncertainty. ... [Rest of the cleaned article content with preserved quotation marks and paragraph breaks]
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This article was originally published by Economic Times.
