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    India gold tariff hike boosts grey market, hurts organised trade: WGC

    India, the world's biggest gold consumer after China, more than doubled import tariffs to 15% on May 13 to curb demand, cut the trade ⁠deficit and ease pressure on the rupee.

    ReutersReuters
    2 min read
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    File photo: Saleswomen show gold ornaments and jewellery to customers for purchase inside a Senco Gold & Diamonds jewellery showroom in Kolkata, India. (Reuters)

    File photo: Saleswomen show gold ornaments and jewellery to customers for purchase inside a Senco Gold & Diamonds jewellery showroom in Kolkata, India. (Reuters)

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