Budget 2021 Impact: Cheaper gold, silver jewellery to add glitter to marriage season

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Budget 2021 Impact: Cheaper gold, silver jewellery to add glitter to marriage season
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​​“Price of gold will come down. There is a lot of pent-up demand in the market and the reduction in duty will unleash that demand,” said Ahammed MP, chairman of Kozhikode-based international jewellery retailer Malabar Gold & Diamonds.

Agencies
India imports around 800 -850 tonnes of gold annually. It is estimated that another 100-120 tonnes of gold enter the country through the grey market route. The duty cut may also help jewellery exports.

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