RBI norms on gold imports may deal a blow to domestic jewellers
The curbs have resulted in the closure of shops and the loss of jobs and could lead to a surge in gold smuggling
Mumbai: The efforts of Indian policymakers to curb gold imports and ease the stress on the country’s balance of payments could deal a blow to domestic jewellers, in the event of a sudden drop in supply, experts said. It could also lead to a surge in gold smuggling, they said.
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