India gold demand crashes 70% after duty hike, squeezing jewelry retailers
A duty hike has triggered a near-70% collapse in India's gold demand, pressuring jewelry chains like Tanishq, Titan and Kalyan. Analysts weigh near-term price support and resistance as retailers brace for weaker footfall and shifting consumer strategy.
India's gold demand fell nearly 70% after a duty hike, squeezing jewelry retailers Tanishq, Titan and Kalyan as footfall and sales weaken.
Business Today · Latest · 6/1/2026, 10:13:10 AM · Ask about this →