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Article: Gold loses its lustre in Amritsar due to VAT rules

Article from:
The Hindustan Times
Article date:
February 22, 2008
Copyright

Report from Asian News International brought to you by HT Syndication.

Amritsar, Feb. 22 -- Punjab has traditionally been a paradise for those who love traditional jewellery, gold, platinum and silver items studded with precious stones.

But, from the look of things this won't last long as the government has imposed restrictions on the trade in gold.

Traditional gold ornaments encrusted with precious stones are the pride of Amritsar.

Called the "Gold Home Market of India," Amritsar offers something for everyone, including pre-teens and trendy twenties' women and of course the ladies in their forties and above.

Jewellers of Amritsar don't just cater to the female clientele. There is a ...

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