India Gold Merchants Protest Excise Duty

Forbes reported that India’s small gold sellers are upset about the recently imposed import duty on gold.

As quoted in the market news:

India’s gold market is highly fragmented and is dominated by thousands of small retailers and goldsmiths. The imposition of excise tax on these unbranded players will cut into their already razor-thin margins. And the accompanying paper work will only make life harder for them.

Click here to read the full Forbes report.