Survey says nearly 3 in 10 buyers may use informal gold channels
In short
A LocalCircles survey says nearly 3 out of 10 people planning to buy gold this Dhanteras want to use informal channels because prices are lower. The survey links that choice to high import duties.
What the reporting says
A LocalCircles survey shows that nearly 3 in 10 consumers planning to buy gold this Dhanteras intend to use informal channels offering lower prices, driven by high import duties, according to a CNBC TV18 Market summary. The finding highlights price sensitivity among festive gold buyers. It also points to pressure on formal gold retail channels during the season.
Why it matters
A LocalCircles survey shows that nearly 3 in 10 consumers planning to buy gold this Dhanteras intend to use informal channels offering lower prices, according to a CNBC TV18 Market summary. The reported reason is high import duties. The survey is relevant for gold retailers, jewellers and buyers because it suggests cost pressure is shaping festive purchasing choices.