Gold could breach ₹2 lakh/10g in two years; jewellers push for duty, GST relief
At BT Sustainable Companies Summit, Mehrasons' Ajay Mehra and Muthoot Exim's Keyur Shah projected gold hitting ₹2 lakh/10g within two years from current ₹1.50-1.60 lakh. Industry seeks zero import duty and GST/capital gains tweaks to unlock 32,000 tonnes of idle household gold for recycling.
What happened
Mehrasons Jewellers · Industry experts at BT Sustainable Companies Summit forecast gold could hit ₹2 lakh/10g in two years. Mehrasons' Ajay Mehra urges zero
Key facts
- 32,000 tonnes idle gold
- ₹1.75 lakh/10g peak
- ₹1.50-1.60 lakh/10g current
- ₹2 lakh/10g 2-year target
- 3% GST
- 5% portfolio allocation
Why this matters
Position for consolidation around recycling and refining capacity—policy tailwinds on import duty and capital gains could unlock M&A in exim, refining, and asset-light retail formats.