“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:
Why McDonald's Killed the Dollar Menu—in 1 Chart
Fort Hood shooting suspect apologizes for U.S. ‘illegal and immoral aggression’ against Muslims
What Venezuelan savers can teach everyone else
Turkish president 'flees country in private jet' after military coup
Obama honors those who made the ultimate sacrifice in Iraq war
Mexican cartels hiring US soldiers as hit men
12 Days of Bitcoin: The High Risk IRA
Human rights court blocks extradition of U.K.-based terror suspect to U.S.
New £150million F-35 combat jet is banned from flying in bad weather because it could explode
Occupy Oakland protesters awarded $1 million over police brutality
School District Ends Policy Of Forcing Students To Kneel Down For Dismissal
California governor signs bill legalizing Bitcoin, other digital currencies
Most Consumer Complaints Come From Boca Raton, Upper West Side
H.K. issues Vietnam travel warning after mobs torch Chinese factories
Mass protest in Japan against U.S. hybrid aircraft