GJC responds to the Indian Government’s increase in import duty on gold to 15% from 6%

Rajesh Rokde, Chairman, GJC:

“GJC and the entire gems and jewellery industry stand firmly with the nation and respect the Government’s policy decisions taken in the larger national interest. We believe the increase in customs duty is a temporary and calibrated measure in the present economic scenario.

The trade should remain calm and confident, as India’s jewellery sector has always demonstrated resilience and adaptability during challenging times. GJC will continue to work closely with the Government and all stakeholders to ensure stability, consumer confidence, and sustained growth of the industry.”

Avinash Gupta, Vice Chairman, GJC:

“Gold and jewellery are deeply connected with India’s economy, traditions, and savings culture. At this juncture, the trade fraternity needs to avoid panic and continue business with confidence and responsibility.

GJC fully supports the nation’s larger economic priorities and remains committed to constructive engagement with policymakers to safeguard the interests of artisans, traders, and consumers while ensuring long-term growth and stability of the sector.”