Gold could breach ₹2 lakh/10g in two years; jewellers push for duty, GST relief
At BT Sustainable Companies Summit, Mehrasons' Ajay Mehra and Muthoot Exim's Keyur Shah projected gold hitting ₹2 lakh/10g within two years from current ₹1.50-1.60 lakh. Industry seeks zero import duty and GST/capital gains tweaks to unlock 32,000 tonnes of idle household gold for recycling.
Industry experts at BT Sustainable Companies Summit forecast gold could hit ₹2 lakh/10g in two years. Mehrasons' Ajay Mehra urges zero import duty; Muthoot Exim's Keyur Shah seeks GST/capital gains relief to unlock 32,000 tonnes of household gold for recycling.