Gold prices today surge to record high, silver rates jump

Gold prices today surge to record high, silver rates jump 0

🕔12:37, 22.Jun 2020

Gold rates today: On MCX, prices hit a new high of ₹48,289 per 10 gram. A woman walks past a poster outside a jewellery shop in Kolkata. Gold prices in India today extended gains, hitting a new high amid a global

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Dubai Diamond Exchange is back in action

Dubai Diamond Exchange is back in action 0

🕔14:58, 20.Jun 2020

The Dubai Diamond Exchange (DDE) is back in full operational mode, including the issuing of tenders. “While we continue to navigate a global economic slowdown, we must also be prepared to bounce back,” said Ahmed Bin Sulayem, Executive Chairman and

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UAE gold retailers feel full burden of credit, debit card fees by banks

UAE gold retailers feel full burden of credit, debit card fees by banks 0 Updated

🕔14:45, 20.Jun 2020

Banks in the UAE should drop the high fees they impose on jewellery retailers for all credit and debit card transactions, gold industry sources say. Given the current dire situation for the gold trade, continuing to pay these commissions to

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Diamond industry faces a rocky patch due to oversupply

Diamond industry faces a rocky patch due to oversupply 0

🕔12:17, 20.Jun 2020

The world’s biggest producers are sitting on a mountain of precious stones as they hoard inventory to maintain prices. In almost 130 years of its existence, diamond producer De Beers has endured its share of bad times. However, few have

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India-China border flare-up can hit exports: Diamond traders

India-China border flare-up can hit exports: Diamond traders 0

🕔11:25, 20.Jun 2020

India’s gem and jewellery exports plunged nearly 84% year-on-year in April-May owing to the trade disruption caused by Covid-19 while the fall in exports of cut and polished diamonds was more than 79%. The unrest in Hong Kong over its

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Zaveri Bazaar is back to business with slow demand and no workforce

Zaveri Bazaar is back to business with slow demand and no workforce 0 Updated

🕔16:33, 19.Jun 2020

Zaveri Bazaar reopened last week after 75 days of lockdown and according to industry sources, after suffering a loss of 14 to 15 thousand crores. Home to over 3,000 jewellery stores and about 30,000-odd manufacturing units, this otherwise bustling market

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Diamond industry in Surat shut for a day to mourn Mehta’s death

Diamond industry in Surat shut for a day to mourn Mehta’s death 0 Updated

🕔16:03, 19.Jun 2020

Diamond manufacturing and trading activities in Surat remained closed on Tuesday to mourn the death of Arunkumar Mehta, 80, owner of diamond company — Rosy Blue — and considered the godfather of the industry. Mehta died on Tuedsay at a

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Diamond exports fall by 80% in April-May: GJEPC data

Diamond exports fall by 80% in April-May: GJEPC data 0 Updated

🕔15:33, 19.Jun 2020

The extended lockdown and the global pandemic has taken sheen out of the diamond industry. The export of polished diamonds between April and May fell by 80% in majority of the diamond consuming markets around the globe including US. According

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Diamond traders and jewellers panic as top ‘Angadia’ vanishes

Diamond traders and jewellers panic as top ‘Angadia’ vanishes 0

🕔12:53, 19.Jun 2020

The angadia, who has an office in the BDB , shuttered it on Wednesday noon , well before normal closing hours, and has been incommunicado since, said diamond market sources. Unconfirmed rumours among trade sources abounded that his alleged disappearance

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Gold prices today drop sharply, silver rates fall

Gold prices today drop sharply, silver rates fall 0 Updated

🕔20:02, 17.Jun 2020

Gold and silver prices in India today fell after a big jump in the previous session. On MCX, August gold futures were down 0.95% to Rs 47,114 per 10 gram after surging about Rs 600 in the previous session. Tracking

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