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Tag "gold imports"

Changes announced to Gold Monetisation Scheme, minimum deposit cut to 10 gm

Changes announced to Gold Monetisation Scheme, minimum deposit cut to 10 gm 0 Updated

🕔18:32, 16.Feb 2021

By Suneeta Kaul Last week, the Union government announced a revamped Gold Monetisation Scheme, as per which the minimum deposit amount has been reduced to just 10 gm from 30 gm, all public sector banks have been roped in, and

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Ludhiana: Jewellers for custom duty slash, increase in cash-sale limit

Ludhiana: Jewellers for custom duty slash, increase in cash-sale limit 0 Updated

🕔16:39, 25.Jan 2021

According to Vaneet Dhanda, another jeweller from the city, “Income tax structure also requires an overhaul and the rate of tax applicable on the individuals and partnerships should be capped at maximum of 10% for income up to Rs 10

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Covid chaos, high prices push India’s 2020 gold imports to lowest since 2009

Covid chaos, high prices push India’s 2020 gold imports to lowest since 2009 0

🕔15:00, 6.Jan 2021

New Delhi: India’s gold imports in 2020 slumped to the lowest in more than a decade as the coronavirus pandemic battered demand and logistics, while higher prices kept buyers in the second-largest consuming nation on the sidelines. Overseas purchases fell to

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Gold imports plunge, demand dips

Gold imports plunge, demand dips 0

🕔16:00, 10.Dec 2020

Ahmedabad: Muhurat purchases and Diwali season failed to add the needed glitter to gold demand. Consequently, yellow metal imports, even at 2.48MT, declined by a whopping 45% in November against last year’s imports of 4.54MT. Bullion traders suggest that the high

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Gold demand revives as jewellers start restocking for festive and wedding season

Gold demand revives as jewellers start restocking for festive and wedding season 0

🕔18:10, 21.Oct 2020

Until a week ago, bullion dealers were offering discounts on gold. But with the onset of Navratri demand, they have started charging a premium over the official price of gold. Kolkata: Gold is commanding a premium of $1 per troy ounce on

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21 kg jewellery seized at Hyderabad airport; many jewellers under scanner

21 kg jewellery seized at Hyderabad airport; many jewellers under scanner 0

🕔15:24, 5.Oct 2020

A seizure of 21 kg of jewellery by the Customs officials at the domestic air cargo complex of the Rajiv Gandhi International Airport in Hyderabad Saturday is likely to open a can of worms. Even after 24-hours of the seizure, to the

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India’s August Gold Imports Doubles To Hit 8-Month Peak – Government Source

India’s August Gold Imports Doubles To Hit 8-Month Peak – Government Source 0

🕔11:53, 3.Sep 2020

The world’s second-biggest consumer of the precious metal imported around 60 tonnes of gold in August, up from 32.1 tonnes a year ago India’s gold imports in August nearly doubled from a year ago to the highest level in eight

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India’s gold demand to plunge by almost half in FY21: UBS Securities India

India’s gold demand to plunge by almost half in FY21: UBS Securities India 0

🕔13:02, 27.Aug 2020

India’s gold demand (for jewellery and retail investment) will weaken to 350-400 tonnes in FY21 compared to an average demand of 700 tonnes since 2016, due to the country facing its worst-ever recession this year, according to a report by

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Gold imports dip 81% in Apr-Jul to $2.47 bn

Gold imports dip 81% in Apr-Jul to $2.47 bn 0

🕔12:32, 18.Aug 2020

Imports of the yellow metal stood at $13.16 billion (about Rs 91,440 crore) in the corresponding period of 2019-20. New Delhi: India’s gold imports, which have a bearing on the current account deficit (CAD), plunged 81.22 per cent to $2.47 billion

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Gold prices jump Rs 48,948 per 10 gram, silver drops to Rs 51,740 per kg

Gold prices jump Rs 48,948 per 10 gram, silver drops to Rs 51,740 per kg 0

🕔14:10, 20.Jul 2020

Gold prices on Monday jumped to Rs 48,948 from Rs 48,888 per 10 gram, while silver prices edged marginally lower to trade at Rs 51,740 from Rs 51,745 per kg, acording to India Bullion and Jewellers Association. Gold jewellery prices

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