“India has raised its import duty by 5%. India is one of the largest gold consumers in the world and gold is part of Indian’s custom and tradition. Moreover, it is a safe haven investment, so this is not going to affect the demand for Gold in India. I believe that there is going to be enhanced demand for gold jewellery among customers from this region. Both resident and tourist’s customers will take this as another opportunity to buy gold from countries outside India.

Mr John Paul Alukkas, Managing Director – international Operations, Joyalukkas

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s