Titan, Kalyan Jewellers, other jewellery stocks in focus as Centre hikes gold customs duty to 15%
The central government has significantly increased customs duty on gold and silver imports to 15%, impacting jewellery stocks like Kalyan Jewellers and Titan Company. This move aims to curb demand, narrow the trade deficit, and support the rupee, though it may lead to postponed purchases for consumers.
The central government has significantly increased customs duty on gold and silver imports to 15%, impacting jewellery stocks like Kalyan Jewellers and Titan Company. This move aims to curb demand, narrow the trade deficit, and support the rupee, though it may lead to postponed purchases for consumers.
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