Gold Silver Reports — Shares of jewelers climbed in India after the government set the rate for gold under the uniform goods and services tax below expectations, signaling a potential recovery in demand in the world’s second-largest market.
India Jewelers
India Jewelers End Strike Against New Excise Tax
Gold Silver Reports ~ Jewelers in India, the world’s 2nd-biggest gold consumer, ended a strike to protest against a new tax announced in the budget after the government assured them the charges won’t lead to harassment by authorities.
India Jewelers Strike Enters 3rd Week as Tax Stalemate Drags
Gold Silver Reports ~ A jewelers’ strike in India, the world’s biggest gold consumer after China, to oppose a proposed excise tax has extended into its 3rd week as the industry intensified protests by conducting rallies Thursday in the capital, New Delhi, India.