Business · 4 Nov
పసిడికి సుంకాల సెగ.. దేశంలోకి పెరిగిన స్మగ్లింగ్
AI summaryThe World Gold Council (WGC) estimated that India's domestic gold demand declined by 29% in Q3 2026, attributing the drop to higher import duties, increased prices, and Prime Minister Narendra Modi's appeal to citizens. Despite the volume drop, the value of gold sales increased by 3%, and the WGC noted a significant rise in gold smuggling into the country due to the high duties. Prices of gold and silver also decreased in domestic markets, with jewelers expressing optimism about upcoming festive and wedding seasons.
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