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India's love affair with gold tested as jewellers go on strike
They are on 3-day stoppage to protest a one per cent excise duty on jewellery produced and sold within the country
Add BT as a preferred sourcePublished Thu, Mar 3, 2016 · 09:50 PM
Mumbai
India's thriving gold markets have gone strangely quiet. Shops are shuttered across the world's largest consumer after China and would-be customers are getting frustrated in a country that adores bullion.
"I will have to wait and see when the shops open next," said Ghevar Jain, who stepped out in Mumbai this week to buy 200,000 rupees (S$4,134) worth of jewellery for weddings next month. Instead, he had to return empty-handed as stores in the Zaveri Bazaar were not trading. "I didn't know about the strike."
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