Gold sales down by 50% on Dhanteras day
New Delhi: Gold sales on Dhanteras day today are down by about 50 per cent despite lower price as sluggish demand for bars and coins amid high inflation and weak economic outlook dimmed the sparkle
Gold is being sold at a high premium due to supply crunch.
Shipments are down as import duty has been hiked to 10 per cent from 8 per cent to address the ballooning current account deficit situation.
The government has also banned imports of gold bars and coins.
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