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As gold prices go up, goldsmiths take a hit

Tuesday, September 17, 2019, 7:59 AM

Mumbai's Zaveri Bazaar, once known as a hub of goldsmiths in India, now has vacant shops and rooms. Increased import duty and soaring gold prices have rendered thousands of gold artisans jobless, forcing them to return to their native villages in West Bengal. Trouble for us started from demonetisation, then GST and increase in import duty now.