India's 15% gold duty hike threatens retail prices, may push trade to grey markets: SBI
SBI Research warns the hiked 15% gold import duty will widen the gap between global and domestic prices, pressure organised jewellery retailers, and divert supply to grey channels. Rising import values reflect price, not volume — a red flag for festive demand.
India has hiked gold import duty to 15%, which SBI Research warns could widen the gap between global and domestic prices, lift retail gold prices, and divert supplies to grey markets. Import values are rising on price, not volume.