Gold import duty hike to 15% squeezes jewellers near-term, hands organised players share
Government raised gold/silver import duties to 15% and capped imports at 100kg per licence with 50% export obligation. Analysts back Titan, Kalyan, Thangamayil and Senco as listed chains absorb costs better and gain from unorganised rivals. Volumes fell 19% YoY to 66 tonnes even as value demand rose 47% to ₹999bn on 81% gold price surge.
Government hiked gold/silver import duties to 15% and tightened import rules, pressuring jewellery stocks near-term but structurally favoring organised players. Analysts recommend Titan, Kalyan Jewellers, Thangamayil and Senco Gold as listed players gain share from unorganised rivals.