Gold Jewellers See Sales Surge by 35-40% Following Duty Reduction
A recent reduction in gold import duties—from 15% to 6% in the latest budget—has led to a remarkable 35-40% increase in sales for gold retailers across India. This dramatic shift has provided a much-needed boost to an industry that had been struggling with high prices and stagnant sales
Consumption of gold jewellery to rise in FY23: Icra
Revenues of organized retailers are likely to grow at a higher pace of 14%, backed by their aggressive store expansion plans and a gradual shift from the unorganized segment towards the organized one
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