India more than doubles gold import tariffs, squeezing jewellers
A sharp hike in India's gold import duty lands directly on jewellery retailers and branded chains, threatening near-term demand, margin compression, and a likely uptick in grey-market flows ahead of the wedding and festive buying window.
India has more than doubled import tariffs on gold, a move likely to impact gold retailers, jewellers, and consumer demand. Article body unavailable; only headline accessible due to FT paywall restrictions.