“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:
Looking to spend those hard-earned Bitcoins? Victoria diner takes cybercurrency
French and Italian debt chiefs warn on EU Tobin Tax
Health care law's tax hikes are coming: Who pays?
Senate passes debt-ceiling increase in blow to tea party
Apple Sued For Poaching A123 Systems Employees; Settles Out-Of-Court
Women in combat: Will they have to register for the draft?
The National Security Agency: America’s powerful electronic spy service
Former deputy found guilty in child sex crime
Scaffolding stops sun's rays reflected off skyscraper from starting fires
Muslim Brotherhood supporters to intensify protests against ‘military tyranny’
Swiss court OKs Credit Suisse client data transfer to IRS
Obama: Let's repeat auto industry success
As marijuana goes legit, investors rush in
Native tribes debate entering legal pot business
Tulsa Area Man Beaten, Left For Dead By OKC Police Officers