India's 15% gold duty return revives smuggling fears for organised jewellers
Reinstated 15% gold import duty reopens the smuggling-versus-CAD debate. Jewellers warn the higher levy could redirect demand to grey-market channels, squeezing compliant organised retailers as wedding and festival demand remains price-inelastic.
India's reinstatement of 15% gold import duty reignites debate on smuggling versus current account management. Jewellers warn the higher levy could revive grey-market inflows and hurt compliant organised retailers, given India's price-inelastic structural gold demand from weddings and festivals.