Consumption of gold in Indian households is the highest among the middle-income group – those with annual income between Rs 2 lakh and Rs 10 lakh...
India’s merchandise exports touched $34.5 billion in January, 25.3% higher than a year ago, while imports grew at a slightly slower pace, taking the country’s trade...
India splurged a record $55.7 billion on gold imports in 2021, buying more than double the previous year’s tonnage as a price drop favoured retail buyers...
With immense financial uncertainty, many have turned to investing in gold as a safe haven.
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...
The decline in gold imports has helped in narrowing the country’s trade deficit to USD 84.62 billion during the 11-month of the current fiscal, as against...
Ahmedabad: Falling gold price after the basic customs duty (BCD) cut on gold and silver has left jewellers rejoicing as the business has begun to bounce...
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...
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...
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...
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...
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%...
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...
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...
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...
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...
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...
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...
A nationwide lockdown and closed jewellery shops across India have led to a severe fall in gold demand, leading to near-negligible gold imports in the month...
The import of the yellow metal stood at USD 3.97 billion in April 2019, according to the commerce ministry’s data. India’s gold imports contracted for the...
It is unfortunate that the impact of the current lockdown on the gold jewelry industry is extremely stressful. In fact, once the lockdown is lifted this...
Gold jewellery retail is a shimmering business in ways more than one. But a warren of risks that have built up of late – such as higher import duty,...
Gold imports, which have a bearing on the country’s current account deficit (CAD), fell 14.23 per cent to $ 28.2 billion during 2019-20, according to commerce...
The government will issue sovereign gold bonds beginning 20 April offering an annual interest rate of 2.50 percent to domestic investors, the Reserve Bank of India said...
Gold and silver leaped higher on Tuesday amid investor rush to safe-haven assets as the coronavirus cases rose over 4,000 in India, making riskier assets like...
As economies around the globe slip into recession, gold is taking centre stage. Somasundaram PR, managing director, India, World Gold Council, tells us how investors should...
India’s gold imports plunged more than 73% year-on-year in March to their lowest in 6-1/2 years as record domestic prices and a lockdown to curb the spread of...
Kolkata: Sales of old gold are likely to surge once the 21-day lockdown is over as people will likely liquidate the yellow metal, which is now...
Gold imports took a sharp hit in FY20 following a series of developments — the latest being the coronavirus pandemic — which, on the other hand, pushed the...
Jewellers can sell only hallmarked jewellery and artefacts made of 14, 18 and 22 carat gold from January 15, 2021 and violation of this will attract...
The commerce ministry has sought a reduction in the import duty on gold in the forthcoming budget with a view to pushing exports and manufacturing of...
AHMEDABAD: Amid an overall slowdown, skyrocketing gold prices and dwindling demand for jewellery, yellow metal imports in Gujarat in 2019 was the lowest since 2004, said...
India’s gold imports in November jumped 78% from a month earlier to the highest level in five months as jewellers in the world’s second-biggest market for...
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...
Notwithstanding the punitive government policies and lack of adequate bank credit, the gem and jewellery industry seems to be facing the heat with overseas buyers cancelling...
Gold imports by India plunged in September to the lowest monthly inflow in at least three years, weighed down by all-time high prices amid poor demand....
India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. India’s gold imports which have a bearing on the...
AHMEDABAD: As gold prices rallied to a record high on Monday, breaching the Rs 37,000-mark per 10g, jewellers became jittery of a further drop in demand....
India’s gold imports in July plunged 55% from a year ago to the lowest level in three years as a rally in local prices to a...
AHMEDABAD: Abdul Rashid, a gold jewellery artisan from Kolkata, manages a small jewellery making unit in Ahmedabad. Three months ago, about 80 jewellery artisans were employed...
Kolkata: India’s gold imports may decline up to 10 per cent year on year in 2019, bringing some relief to the government on current account deficit...
New Delhi: The decision to raise import duty on gold in the Union Budget was taken after careful consideration, including its likely impact on smuggling of the...
NEW DELHI: Gold imports in May jumped 49 per cent from a year earlier to 116 tonnes as a correction in local prices during a key...
Increase in gold imports pushed the country’s trade deficit to a five-month high. Gold imports increased 54 per cent to USD 3.97 billion in April, widening...
India’s dream of gold monetisation appears far-fetched even after three years of its introduction, with a meagre 15 tonnes, a fraction of the 25,000 tonnes of...
The country’s gold imports dipped about 5.5 per cent in value terms to USD 29.5 billion during April-February 2018-19, which is expected to keep a lid...
Thanks to high gold prices and poor demand, the gold imports in Gujarat have plunged to an eight-year low in the financial year 2018-19 that ended...
New Delhi: India’s gold imports dipped about 5.5% in value terms to $29.5 billion in April-February 2018-19, which is expected to keep a lid on the current...
Silver will see a resurgence in demand this year from rural Indians spending cash handouts from the government designed to aid local economies ahead of the...
Gold imports by India climbed in February for a second straight month as retailers increased buying due to jewellery purchases for weddings in the world’s biggest...
Gold imports by India rose last month despite local prices trading near the highest in more than five years, as jewellers start to restock for the wedding...
