India's 15% gold duty hike threatens retail prices, may push trade to grey markets: SBI
SBI Research warns the hiked 15% gold import duty will widen the gap between global and domestic prices, pressure organised jewellery retailers, and divert supply to grey channels. Rising import values reflect price, not volume — a red flag for festive demand.
What happened
Government of India · India has hiked gold import duty to 15%, which SBI Research warns could widen the gap between global and domestic prices, lift retail gold
Key facts
- 15%
Why this matters
Duty-driven dislocation may accelerate consolidation opportunities as smaller unorganised players lose share to grey channels, opening M&A windows for scaled retailers with compliant sourcing.