"There are less stocks available in the market and the premium is as high as 8-10 per cent in the domestic market. This will give rise to smuggling. Very little gold is available for exports," Choksi said. "Exports have declined by 55 per cent since the last seven months. We are expecting an overall about 50 per cent decline in gold jewellery exports this financial year," Choksi told reporters on the sidelines of the Mumbai Jewellery and Gems Fair 2013 organised by UBM India and FICCI.
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