Gold tariff hike boosts grey market, hurts organised trade, says WGC
- Posted on July 30, 2026
- By Business News Today
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- 1 min read
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Gold tariff hike boosts grey market, hurts organised trade, says WGC
India's gold imports have increased through unofficial channels following a tariff hike. This rise widens margins for grey market operators and impacts organized businesses. Enforcement agencies seized nearly double the gold after the duty increase. Net gold imports fell significantly in the June quarter to a low. Demand may improve later if prices remain stable.
