PM Modi's gold curb appeal to reshape buying mix, not dent demand: jewellers
Malabar, Jos Alukkas and C. Krishniah Chetty expect Modi's year-long gold restraint call to nudge shoppers toward exchange-led and occasion purchases, with investment buying slowing first. Industry backs recycling and monetisation of India's 25,000-tonne household stock over higher import duties.
Indian jewellers expect PM Modi's appeal to curb gold buying for a year to shift behaviour toward exchange-led and occasion purchases rather than collapse demand. Investment buying likely slows first; industry favours recycling and monetisation over higher import duties.