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Gold duty hike to 15% squeezes jewellers; Titan, Kalyan pivot to exchange schemes and lighter karats
Our read
The 10% demand contraction and PM's deferral nudge open a window to acquire regional jewellers struggling with working-capital strain or to lock in exchange-platform tech partnerships at compressed valuations.
The report
India hiked gold/silver import duty to 15%; jewellers like Titan, Kalyan pivot to exchange schemes and lower-karat products. Industry expects 5-10% demand drop; Modi urged deferring purchases to conserve forex.
Reported figures
From the report. Source details below
| gold ₹1,53,980-1,54,090/10g to | ₹1,65,470 |
|---|
Also in the report
- seizures 2,600kg/3,005 cases FY25 vs 4,971.68kg/6,599 cases FY24
Other figures
- Titan +0.8%
- Kalyan -1.77%
- Senco +4.08%
- Bluestone +2.05%
The source
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