70% decline in gold demand: Buyers are upset due to increase in import duty from 6% to 15% & more related News Here
New Delhi: Gold demand in India has fallen by nearly 70 per cent after the government doubled the import duty on the precious metal earlier this month.Higher fuel and food prices linked to the ongoing conflict in Iran have further depressed consumer sentiment.Industry estimates show gold demand fell to around 7.5 tonnes in the fortnight…