Now, an importer will need a licence from the Government for importing these gold products India has restricted imports of plain gold jewellery and gold articles,...
LUDHIANA: The recent raid conducted by the Directorate of Revenue Intelligence (DRI) and STF Punjab on a jeweller’s shop at Sarafan Bazaar has led to much...
India’s January gold imports plunged 76% from a year earlier to a 32-month low on subdued demand after domestic prices rallied to record highs and as...
DUBAI: Jewellery retailers are hoping gold prices in the UAE will retain the 15 per cent lower cost advantage over Indian retail rates after tomorrow’s presentation...
The Indian jewellery segment hopes that Finance Minister Nirmala Sitaraman will reduce customs duty on gold in the upcoming Union Budget 2023-24, at a time when...
Gold prices are expected to rise towards record highs above $2,000 an ounce this year, albeit with a little turbulence, as the United States slows the...
MUMBAI/NEW DELHI: India’s gold imports in December plunged 79% from a year earlier to the lowest level in at least two decades for the month as...
Maharashtra will have one of the world’s largest gem and jewellery parks, Deputy Chief Minister Devendra Fadnavis announced on Wednesday. Maharashtra will have one of the...
Indian gold prices reached a high of Rs 53,462 per 10 grams last week as global spot prices rose to over $1,800 per ounce. This price...
HYDERABAD: Unlike usual ATMs that dispense money, the Goldsikka ATM dispenses gold coins. In what is India’s first gold ATM, people can insert their debit or...
India’s silver imports have topped a record high of 8,000 tonnes this year on the heels of a rise in jewellery consumption, experts tracking the sector...
India witnessed a decline in both gold and silver imports in October, according to the latest by the Commerce ministry. The import of the yellow metal...
Physical gold dealers in India were forced to offer the biggest discounts in four months this week as a jump in domestic prices hit demand, while...
The auspicious occasion of Dhanteras saw robust sales of gold, jewellery and coins this year. According to Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers, the brand registered...
BSE has launched Electronic Gold Receipt (EGR) on its platform, a move that will help in efficient and transparent price discovery of the yellow metal. The...
Ahead of Dhanteras, the demand for precious metals jumped by 40 per cent (YOY), with gold contributing 70 per cent of the overall demand, according to...
Gold ended August lower m-o-m, down 2% to US$1,715.9/oz – its fifth consecutive monthly decline1 The promising bounce that began in mid-July ran out of steam...
On Friday, Prime Minister Narendra Modi launched India’s first India International Bullion Exchange (IIBX) during his visit to the International Financial Services Centre (IFSC) at the...
The World Gold Council’s latest Gold Demand Trends report reveals that gold demand (excluding OTC) in the second quarter was down 8% year-on-year to 948t. However,...
For ages, India has been a connoisseur of precious gems and ornaments. Jewellery businesses have been passed down over generations to ensure that the art of...
Gold may be heading for another rally, with warnings over a global economic slowdown paving the way for a fresh push toward $2,000 an ounce. A...
MUMBAI: India’s gold imports in May jumped 677% from a year ago to the highest level in a year as correction in prices just before a...
The RBI on Wednesday came up with norms for facilitating physical import of gold through India International Bullion Exchange IFSC (IIBX) or similar authorised exchange by...
Chennai: On the auspicious occasion of Akshaya Tritiya, Ms Suhasini Maniratnam unveiled the MMTC-PAMP Goddess Lakshmi gold & silver coins, in the gracious presence of Mr.K.Mahendran,...
Fingers crossed, as the gem and jewellery industry is showing strong signs of recuperation from pandemic-induced demand damps. This Akshay Tritiya has been promising for jewellers...
The global gold market saw a solid start to 2022, with first quarter demand (excluding OTC) up 34% year-on-year, thanks to strong ETF flows, reflecting gold’s...
David Tait, Global CEO, World Gold Council, feels that the time is right for unified efforts in creating a database for gold globally. He speaks to...
Gold prices rose on Monday to their highest since mid-March, as the Russia-Ukraine crisis soured risk sentiment and drove investors to the safety of bullion. Spot...
New Delhi: India imported 651.24 tonnes of gold in financial year 2020-21 as compared to 719.94 tonnes in the year-ago period, the government said on Wednesday....
London Bullion Market Association (LBMA) and the World Gold Council (WGC) are collaborating to develop and implement an international system of gold bar integrity, chain of...
Hyderabad: Hyderabadis can soon buy gold through ATMs. Goldsikka, which runs various schemes to promote gold as an asset class, has plans to set up these...
New Delhi: India’s gold imports, which have a bearing on the country’s current account deficit (CAD), surged by about 73 per cent to USD 45.1 billion...
AHMEDABAD: With cases of Covid-19 receding, the kamurta period ending and weddings being organized in a big way again, gold demand has remained upbeat despite the...
Swiss gold exports rose last year to their highest since 2018 as demand for bullion in China and India, the biggest consumer markets, recovered from a...
The World Gold Council’s latest Gold Demand Trends Report revealed that annual demand (excluding OTC markets) has recovered many of the COVID-induced losses from 2020 to...
As Covid-19 cases surge again and authorities bring back some of the restrictions, gold purchase by jewellers has dropped by 25% in the past one week as...
AHMEDABAD: Backed by good sales fuelled by pent-up demand, improving incomes, weddings, and investment requirements gold and silver imports have surpassed pre-pandemic levels in the calendar...
The government on Wednesday permitted qualified jewellers to import certain kinds of gold including certain unwrought forms through India International Bullion Exchange IFSC Ltd.The changes were...
New Delhi: Leading stock exchange BSE on Wednesday said it has collaborated with the Gem & Jewellery Council (GJC) to provide impetus for the growth and...
Indian households are once again hoarding gold, pushing up the import bill and widening the trade deficit. The country’s trade deficit widened to $122 billion in...
Gold’s hot streak is still in its early innings, say the managers behind two of the largest ETFs on the market backed by the precious metal....
Leading stock exchange NSE said it has completed the delivery of 24.5 kg gold (100 gram) bars in its gold mini options contract. The delivery was...
Beating expectations of jewellers and bullion traders, an estimated 220kg gold was traded in Ahmedabad in a single day on Pushya Nakshatra, which fell on Thursday....
India is adding more gold to its rising foreign exchange kitty of $640 billion. The Reserve Bank of India (RBI) has acquired 75.59 tonnes of gold...
Purchasing a gold coin or jewellery on the occasion of Diwali or Dussehra is considered a wise decision not only for its monetary value, but also...
MMTC-PAMP is poised to expand its reach in Karnataka, Tamil Nadu, Telengana and Andhra in the initial phase by tying up with top jewellers in key...
Wedding invites have been sent and the festival season is expected to be lively. That’s good news for India’s gold jewellers, as a reprieve in the...
Pune: PNG Jewellers has announced the commencement of the Season 4 of the ‘Pure Price Offer’ at the start of this year’s Pitru Paksha. The ‘Pure...
Rajesh Kapoor, VP sales, Kundan Refinery Pvt Ltd, talks to Samit Bhatta, publisher of The Retail Jeweller India magazine about his expectations from the IIJS What...
Physical gold demand across top Asian hubs was largely muted this week as a rebound in domestic prices kept buyers at bay, while dealers in India...
MUMBAI: India’s gold imports in August nearly doubled from a year earlier to the highest in five months on strong demand and as weaker prices prompted...
Physical gold in India was sold at a discount this week for the first time in 2021 as a spike in coronavirus cases prompted strict restrictions...
MUMBAI: India’s gold imports in March surged 471% from a year earlier to a record 160 tonnes, a government source told Reuters on Thursday, as a reduction in import...
Twenty-carat gold contains 83.3 per cent gold and is quite popular among middle and lower-middle-class customers because of its cost-effectiveness. The central government’s decision to ban...
VK Kamath Committee recommendations for OTR of Gems and Jewellery sector detrimental for Gold (Metal) Loan borrowers observes India’s Apex association for bullion and jewellery Mumbai,...
Titan Co. Ltd’s jewellery revenues, which form a lion’s share of its overall revenues, had swung to growth in the December quarter. Jewellery revenues had increased...
Multi Commodity Exchange of India Ltd. (MCX), the country’s largest commodity exchange, recently empanelled two refineries in Uttarkhand –MD Overseas and Kundan Care Products — to...
The Income Tax Department carried out searches at 27 premises of of two Chennai-based groups, one of which is a leading bullion trader in Tamil Nadu...
NEW DELHI: Physical gold demand in India gained momentum this week as retail buyers and jewellers lapped up bullion at near eight-month low prices, while Singapore...
The Gem and Jewellery Export Promotion Council of India (GJEPC), the apex body for promotion of gems and jewellery exports, hails Government of India for the...
The action has been taken against Musaddilal Gems and Jewels Pvt Ltd, Vaishnavi Bullion Pvt Ltd and Musaddilal Jewellers Pvt Ltd, according to the Enforcement Directorate...
Committed to becoming a one-stop solution for customers, eJOHRI, India’s largest and the only omnichannel marketplace for jewellery, has rolled out yet another feature on its...
Bullion hit a record in August as investors feared an unprecedented wave of stimulus by central banks and governments would lead to currency debasement and inflation....
Gold is poised to cap a tumultuous year with the biggest annual advance in a decade, with gains this month aided by the dollar’s decline to...
Meerut, The Income Tax Department raided two establishments and housing of Meerut wholesale bullion businessman Pawan Kumar Jain (Shyam Ji jewelers in Meerut). Kanpur Head Office Income Tax...
The Gem and Jewellery Export Promotion Council (GJEPC) proposes several measures like reduction in cut and polished diamonds to 2.5%, reduction in import duty of gold...
BENGALURU/MUMBAI: Gold premiums in India jumped to their highest in nearly three months this week, as jewellers continued to stock up on hopes of more customers visiting stores as the...
Unexplained income simply means any income for which assessee do not have valid explanation about the nature or source or the assessing officer is not satisfied...
India’s gold trade may face a working capital problem following the imposition of 0.1 percent tax collected at source (TCS NSE -3.78 %) effective from October...
KOLKATA: After months of depressed sales due to the lockdown, India’s gold jewellery trade is showing early signs of recovery, with the metal’s restocking reducing the...
After Dalal Street heavyweight Rakesh Jhunjhunwala sought clarification on Titan’s gold hedging policy at its earnings call last week, the company has put out a detailed...
“We will discuss lowering the e-invoice threshold for the gold and jewellery trade at our next meeting,” Thomas Isaac, Kerala FM who is part of the...
The Rs 475,000-crore Indian jewellery sector has entered a consolidation phase with jewellers renegotiating for a 25-30 per cent of cut in rent, reducing store sizes and inventories,...
Gold should be embraced as a portfolio diversifier and hedging strategy by an investor in the current environment. The present difficult time amid pandemic COVID-19 will...
Gold prices on Wednesday breached the $1,800-an-ounce barrier for the first time since 2011 as investors opted for the safe-haven commodity amid mounting fears of rising...
Western investors piling into gold in the pandemic are more than making up for a collapse in demand for physical metal from traditional retail buyers in...
India’s gold imports plunged 86% year-on-year in June due to record high prices and as international air travel was banned and many jewellery shops closed amid a...
BSE, Asia’s oldest exchange and the world’s fastest exchange with the speed of 6 microseconds executed maiden delivery of Gold mini on ‘Options in Goods’ framework....
Sales of gold jewellery in the UAE have plunged by up to 85 percent due to the pandemic and have yet to pick up even after...
State Bank of India (SBI) has mobilised 13,212 kg of household and institutional gold through the Gold Monetisation Scheme (GMS), according to the state-owned bank’s annual...
BENGALURU/MUMBAI: Physical gold dealers in India offered the highest discounts in about two months this week as customers kept away with corona virus cases in the country continuing to mount,...
Gold price today fell from Rs 46,995 to Rs 46,929 per 10 gram, while silver price was at Rs 48,435 per kilogram, according to the India Bullion...
Asian physical gold hubs struggled to regain footing this week as most retail customers stayed away even as some coronavirus restrictions were eased. Chinese dealers sold...
Spot gold dipped 0.3 per cent to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13 of $1,703.40 earlier in the...
Swiss exports of gold to the United States leapt to 111.7 tonnes in April — by far the biggest monthly total on record — while shipments...
The issue price for the next tranche of Sovereign Gold Bonds has been fixed at Rs 4,590 per gram of gold, the Reserve Bank of...
India’s net Bullion imports contracted 56% year- on -year to 78.4 tonnes in the March quarter of the current year . Jewellery demand in the world’s...
Indian jewellers have received surprise tax notices asking them to turn over money they made from customers who scrambled to buy gold after Prime Minister Narendra...
The Budget has increased the import duty on gold coins to 12.5 per cent from 10 per cent, making it on a par with that of...
Gold prices flipped to a premium this week in India due to limited supplies even as demand remained subdued, while other Asian regions barely saw any...
Gold jewellery purchases are generally high-value transactions and most of the times people keep the bill safe for their own record. They may want to refer...
The 66 per cent fall in gold imports in the July-September 2019, from a year ago as well as from the previous quarter, is a welcome...
Gold discounts in India narrowed to a four-month low this week as some consumers took advantage of a modest dip in domestic prices to buy bullion...
Physical gold demand remained subdued for most of the week in major Asian centres, with elevated rates impeding purchases, though Indian jewellers stocked up for festival...
Gold prices dropped on Thursday as risk-on sentiment got a boost after China and the United States agreed to hold talks to end their protracted trade...
Indians love their gold and silver. From the larger-than-life weddings to simple housewarming ceremonies, gold and silver are always a part of every celebration. Interestingly, Indians...
NEW DELHI: Muted demand by jewellers at the spot market and uninspiring global trend dragged gold prices lower in Thursday’s futures trade. Dollar’s rise against its...
The brand in order to capitalize on the festive season is offering deals available across all Tanishq stores in West...
In addition to the new campaigns, Lightbox has introduced two new jewellery collections: “Reminiscence” and “City Lights” Mumbai: Lightbox, the...
The puja-themed video comprises all the quintessential elements of the festival and highlights four distinct jewellery styles portrayed by each...
The brand’s social media page prominently showcases a variety of reels and shots from the music video, capturing the essence...
The Gold Jewellery Mela campaign, like in its previous editions, attracted primarily bridal jewellery consumers, with about 70% of the...
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