From NDTV
Center-Right Owned by Adani Group (AMG Media)Gold Savings Schemes From Jewellers: Are You Really Getting One Month Of Gold For Free?
What's behind this
Indians are holding onto gold in their lockers, hoping for a better price, which contributes to an expected drop in domestic gold demand to a six‑year low of about 650 tonnes in 2026, according to the World Gold Council. Meanwhile, central banks bought 321 tonnes of gold in the third quarter of 2026, lifting total global demand for the year to 675 tonnes, a 6 percent year‑on‑year increase.
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Purchasing gold in India attracts 3% GST. For jewellery, you also need to pay making charges that can range from 5% to 25% or even more.
— NDTV
RSS excerpt
Purchasing gold in India attracts 3% GST. For jewellery, you also need to pay making charges that can range from 5% to 25% or even more.
