Cheaper gold, silver jewellery to add glitter to marriage season

SECTIONS
Cheaper gold, silver jewellery to add glitter to marriage season
ET TEAM
Share
Font Size
AbcSmall
AbcMedium
AbcLarge
Save
Print
Comment
Synopsis

​​“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.

Related

Commodity Summary

MCX

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.