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Tag "gold industry"

Mess in the Melt

Mess in the Melt 0

🕔18:37, 3.Nov 2020

In 2019, the Kansara family of Ahmedabad exited its gold refining business after running it for nearly 28 years. At its peak, Gujarat Gold Centre — helmed by Anil Kansara and his three brothers — posted a trading turnover in

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Long working hours, low wages plague India’s gold industry workers: Niti Aayog study

Long working hours, low wages plague India’s gold industry workers: Niti Aayog study 0

🕔11:05, 3.Sep 2020

Titled “A study on Socio-Economic And Working Conditions of worker’s in Indian Gold Industry”, it said that several workers expressed dissatisfaction regarding their wages for difficult work and long working hours particularly in the manufacturing segment. Mumbai: Workers in the

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World Gold Council Launches Retail Gold Investment Principles

World Gold Council Launches Retail Gold Investment Principles 0 Updated

🕔13:08, 7.Aug 2020

The World Gold Council, the market development organisation for the gold industry, has today launched its new Retail Gold Investment Principles (RGIPs).These Principles are designed to set the bar for product providers across the global retail gold market and further

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UAE gold jewellery sales drop 85%; market recovery in 2021

UAE gold jewellery sales drop 85%; market recovery in 2021 0 Updated

🕔14:47, 30.Jun 2020

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 the local economy reopened, the top official of an industry group told Zawya. Soaring

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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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FOCUS: Gold sector seen saddled with piles of scrap on econ distress

FOCUS: Gold sector seen saddled with piles of scrap on econ distress 0

🕔15:52, 23.May 2020

Not unlike many other sectors, the gold industry has been lulled into a silence since the country went into a lockdown two months ago in a bid to stem the spread of the deadly coronavirus. Jewellery shops and refining units

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Gold demand may shift from jewellery, says WGC India MD.

Gold demand may shift from jewellery, says WGC India MD. 0

🕔17:19, 5.May 2020

  The gold market in India might see a significant shift in consumer behaviour once the nationwide lockdown is lifted. While Indian buyers have traditionally preferred jewellery over other forms of gold, record high prices and social distancing norms may

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Jewellers see subdued demand on Akshaya Tritiya with digital sale only option

Jewellers see subdued demand on Akshaya Tritiya with digital sale only option 0

🕔13:51, 23.Apr 2020

With Akshaya Tritiya just around the corner, jewellers are trying to lure customers through various innovative offers to keep the business tide through difficult times amid the coronavirus lockdown. “In April, the loss in revenue will be 15 per cent

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Congested jewellery shops may keep people away from buying gold, silver even after lockdown ends

Congested jewellery shops may keep people away from buying gold, silver even after lockdown ends 0

🕔12:22, 23.Apr 2020

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 is one industry that will find getting back to normalcy tougher than other sectors.

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World Gold Council to introduce code of conduct for Indian jewellery retailers

World Gold Council to introduce code of conduct for Indian jewellery retailers 0

🕔18:07, 5.Mar 2020

The World Gold Council (WGC) is looking to put in place a prescribed set of principles, or a code of conduct, called the Retail Gold Investment Principles, for the retail jewellery sector in India. The move is expected to bring

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