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Demand for gold jewellery to surge in India despite rising prices, say jewellers

Gems, jewellery industry urges govt for duty reduction, increase PAN card transaction limit, ET Retail

"The jewellery industry contributes nearly 7 per cent of India s GDP and hence, deserves a pro-business environment," apex body for the gems and jewellery industry All India Gem And Jewellery Domestic Council Chairman Saiyam Mehra told PTI. "This will also benefit the government. We urge the finance ministry to withdraw the increase in BCD on gold in the upcoming Union Budget and a rationalised tax structure may be developed to tackle the CAD issue," Mehra said.

Style by design: Jewellers love this chain male

The Cuban link chain has a thick texture. It is interlocked in a unique pattern to accentuate the links. The chain is said to be synonymous with the hip-hop culture of the 1970s and made popular by DJ Kool Herc while hosting hip-hop block parties in the Bronx, New York.

gold jewellery: Tanishq, Malabar Gold and other jewellery giants put their hallmark on small towns

As much as 70% of Tanishq s 436 stores are outside large cities - 38% in places with 200,000-plus population and 32% in smaller towns - with the remaining 30% in metros and mini-metros, chief executive Ajoy Chawla said. Some of these are located in places such as Kudal in Maharashtra s Sindhudurg district, Bhawanipatna and Angul in Odisha, and Mirzapur and Balia in Uttar Pradesh.

Gold Jewellery: Tanishq, Malabar Gold and other jewellery giants put their hallmark on small towns, ET Retail

Gold Jewellery: As much as 70% of Tanishq s 436 stores are outside large cities - 38% in places with 200,000-plus population and 32% in smaller towns - with the remaining 30% in metros and mini-metros, chief executive Ajoy Chawla said. Some of these are located in places such as Kudal in Maharashtra s Sindhudurg district, Bhawanipatna and Angul in Odisha, and Mirzapur and Balia in Uttar Pradesh.

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