Gold sales volumes could fall 10 to 15 percent after India duty hike say jewellers

Duty hike may push buyers toward lighter pieces

India’s gold and silver import duty hike is expected to hit jewellery sales volumes by 10–15% initially, jewellers say. Still, they believe demand will remain resilient thanks to gold’s cultural and investment pull. Consumers may shift toward lighter designs as prices rise. The government also wants to save foreign exchange and drive domestic recycling of idle gold.