Is Gold is Losing Its Glitter ! InfraNewsTube

Ajouté : 2026-06-04

[00:00:00]Gold is rapidly losing its glitter in India as consumer demand takes a massive hit. Traditionally, India is one of the world's largest gold consumers, consuming a massive 800 to 850 tons annually. But, [music] a sudden structural shift is underway. Reason might be a dramatic policy move.

[00:00:21]Government more than doubled the gold imported duty, shooting it up from 6% to 15%. When you add the GST, the total tax burden on your favorite metal has skyrocketed [music] to nearly 18.5%.

[00:00:36]Why the sudden hike? The government is fighting to protect dwindling foreign exchange reserves and stabilize [music] a weak rupee amid escalating global tensions and high crude prices.

[00:00:48]The impact is stark. Fortnightly, demand [music] plummeted by roughly 70% compared to last year. With inflation biting [music] through higher food and fuel prices, middle-class budgets are squeezed.

[00:01:01]Instead of buying new, heavy ornaments, consumers are rushing to jewelry shops to sell their old gold for quick cash or switching to lighter, lower carat alternatives. For now, India's age-old love affair with gold is on a serious pause.