Jewellery industry concerned over sharp hike in import duty

Odisha's jewellery sector is reeling from a significant import duty hike on gold, pushing prices to record highs and alarming traders. This move is expected to cripple the state's gold market, deterring consumers already facing expensive rates. Jewellers anticipate a sharp decline in demand, impacting thousands of livelihoods, as customers opt for lighter ornaments or exchange old gold.