Jaipur - जयपुर

ख़बरों और घटनाओं में गुलाबी नगर जयपुर

Tuesday, May 17, 2005

Jaipur rush leaves Delhi bullion market panting- The Economic Times

Jaipur rush leaves Delhi bullion market panting- The Economic Times: "NEW DELHI: The $3-billion bullion market of Delhi is heading for a crisis as business is moving to Jaipur. Even the minuscule 0.75% tax difference after Delhi embraced the value-added tax (VAT) has come as an incentive for jewellers and bulk buyers to source gold, silver and jewellery from neighbouring Jaipur.

Rajasthan's decision to keep itself away from VAT has not only resulted in a revenue loss for Delhi but also indicates higher prices of gold and silver jewellery in the coming marriage season.

Bullion trading, in particular, is expected to hit hard by this differential tax structure. Most of the bullion traders including the single largest bullion trader in the Indian subcontinent, MMTC Ltd plans to dump Delhi in favour of Jaipur. "

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