“The new year has begun on a gloomy note forgold jewellers. A 10% import duty along with a 1% VAT and a high premium of $125 per troy ounce have made Indian gold costlier and less attractive to non-resident Indians (NRIs) who are now buying gold jewellery from Gulf countries where sales have increased by 50%-60%. An increase in NRI purchases in West Asia has prompted Indian jewellers like Kalyan Jewellers to open shops in the region. Malabar Gold & Diamond, which is already present in the region with 32 retail showrooms, has drawn up plans to add 10 showrooms in the region this year.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
FBI created fake Seattle Times Web page to nab bomb-threat suspect
Dad Can’t Buy Daughter Shoes as Argentine Currency Falls
Barbados PM: Central bank 'indulgence' a threat to economic stability
China moves to purge Internet of porn, rumors and, critics say, dissent
Alberta woman willing to trade $1-million property for Bitcoins
Glenn Greenwald: US drone strikes target rescuers in Pakistan – and the west stays silent
U.S. demands release of Americans imprisoned in Iran
The Hookah Lounge War Is On
Alaskan town home to airport with no planes and harbor with no road
After the Manning verdict, four big issues remain untouched
Guarding Kerala’s Great Temple Treasures
Russia Mulls 'Limitations' On FATCA Information Exchange With U.S.
Australian public programming questions value of reading to children
Puerto Rico’s Crisis Deals a Blow to Municipal-Bond Funds
Emboldened Rhode Island, Maine lawmakers seek to legalize pot