Despite rising gold prices, on a YoY basis the company said it achieved 13% volume growth in gold and 19% volume growth in diamond in FY24...
The initiative secures buyers from prospective spikes in gold price while ensuring the benefit of a reduced charge if prices drop Dubai: To allow customers to hedge...
Gold importers from the world’s second biggest gold consumer need to pay basic customs duty and Agriculture Infrastructure and Development Cess (AIDC) Mumbai: The Centre has allowed its...
High prices have caused a softness in demand, but Somasundaram predicts a huge rise in demand as prosperity increases. One of the reasons for this is...
The World Gold Council said gold prices softened a bit during the last quarter but now they have started inching up. Prices will play a critical...
Overall momentum is expected to continue, according to experts, as gold prices are likely to fall further in the first week of July Gold jewellery sales...
This is likely to see India importing less gold this year, says P.R. Somasundaram, MD, India at the World Gold Council Indians will probably sell a...
Gold’s record high rate on the back of growing complexities in the global financial market creates a new opportunity for the Indian jewellery industry. The Retail...
The brand is looking to ramp up the share of gold exchange in its sales to 45% in FY24 and 50% a couple of years down...
April 22 is expected to be a red-letter day for the Indian jewellery industry, and despite the surge in gold prices, retailers say they are ready...
Leading manufacturers and retailers say the show perhaps needs a different timing and may benefit by being positioned as a South-specific show The inaugural edition of...
BENGALURU: Muthoot Finance Ltd reported a third-quarter profit on Monday that beat analysts’ estimates, as higher gold prices boosted demand during the festive season. The gold...
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...
As the gold prices are expected to remain volatile in near future due to geopolitical tensions and uncertain global economy, leading UAE jeweller groups are confident...
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...
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...
AHMEDABAD: Are you planning to buy gold during this festive season? Be prepared to shell out extra as gold prices are rallying ahead of run up to the...
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...
“India should become synonymous to gems and jewelry- when the world thinks of gems and jewelry, India should be the first name that pops up in...
Despite the steep fall in gold prices and the resultant fall in realisations, retail jewellers are likely to sustain the ongoing demand recovery into the next fiscal with a...
Post pandemic and with the sudden rise in gold prices, it made the diamond industry boom. Many diamond merchants and retailers who were in Goa recently...
“Retail demand has been gaining momentum. Showrooms, especially in small towns, are witnessing good footfalls,” said Amit Modak, chief executive officer at jeweller PN Gadgil and...
Talking to ET, T S Kalyanaraman, chairman & managing director, Kalyan Jewellers said “We tailor our showrooms to offer prominent displays of diamond and other studded...
PATNA: Falling gold prices have brought some cheer for customers ahead of the wedding season, but city jewellers claim that the market is yet to reach the pre-pandemic levels despite...
PNG Jewellers, after witnessing a 35-40% rise in demand for lightweight jewellery, launched a new collection in August last year, which starts at Rs 10,000, much...
With Covid-19 making its presence known everywhere, all sectors have been hit. The bridal market has suffered gravely because the festivities have been cut down to...
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...
We don’t forecast prices but medium-term fundamentals still seem very solid for gold, says PR Somasundaram, MD-India, World Gold Council. Gold prices are down by about 4% so...
Finance Minister Nirmala Sitharaman in Budget 2021 proposals said that the government will rationalise customs duty on gold and silver. Currently, gold attracts 12.5% import duty....
Sitharaman explained that the step was taken due to the increase in prices of the precious metals. According to experts, high customs duty on gold helps...
By Suneeta Kaul Much has been written about the impact of the pandemic on the retail jewellery sector, but the story never seems to get old....
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 prices surged in recent months, so did the demand for gold loans. At the same time, robberies have boomed too. According to a report from...
Titan Co. Ltd’s shares are flirting with their 52-week highs on the National Stock Exchange. On Tuesday, the stock was marginally up, following the firm’s announcement...
NEW DELHI: The average ticket size of gold and silver jewellery sale rose 16 per cent in November compared to the previous month despite gold prices hitting record levels, according...
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 —...
Shares of Titan Company Ltd jumped 4.5% on Wednesday on NSE after the company’s September quarter update indicated performance has been better than expected. Titan said...
Spot gold prices in India(Rs. 50560.0) have increased since yesterday(Rs. 50550.0). Although, it was lower than the average gold price observed this week (Rs.50594.29) by 0.07%....
Mohit Anand of Harsahaimal Shiamal Jewellers feels marketing and good stocks will be the key to making up for most of the lost business What do...
JK Prasad of JKS Jewels Pvt Ltd is looking forward to learning more about online sales from the IIJS Virtual. He thinks business is going to...
Gaurav Anand of Anand Jewels, Indore feels the time is right to invest in handmade jewellery because these will fly off the shelves like hot cakes...
Dr Saurabh Gadgil of PNG Jewellers is pumped about the virtual format of the IIJS, and plans to ideate and exchange ideas with industry leaders. His...
Jewellery retailer Tanishq is looking at innovations in the material it uses in its range of jewellery to introduce light-weight pieces, as it looks to serve shoppers at...
Tawhid Abduallah, chairman of Jawhara Jewellery and Dubai Gold & Jewellery Group in UAE, will attend the IIJS virtual to woo the Indian market, and partake...
Mansukh Kothari, director of Vasupati Jewellers, is hoping for a share of the success pie from IIJS Virtual. An 18-year old-timer at the IIJS, he hopes to...
India is the second largest consumer of gold in the world with annual consumption of 800-850 tonnes. This year, gold has given more than 25% return...
In view of rising gold prices, demand for lightweight gold jewellery has shot up in the past couple of months. Concomitantly, consumers are also showing a...
Gold may remain vulnerable to further losses in the short term, as markets are being impacted by movements in the US dollar, mainly due to the...
By Suneeta Kaul The COVID-19 pandemic, which devastated the economy and disrupted almost all sectors, literally took the shine out of India’s $ 24-billion diamond industry....
AHMEDABAD: In a boost to jewellery sales ahead of the festive season, gold prices declined sharply by Rs 1,000 per 10g over the past two days....
New Delhi: Slack demand leading to lower cash accrual, elevated inventory levels and curtailed bank finance will lead to moderately negative credit outlook for gold jewellery...
India is likely to see a strong recovery in gold jewelry demand in the next six months, says BMO Capital Markets citing Metals Focus. “India will...
Dubai: UAE’s shoppers are staying away from jewellery stores after gold prices touched record highs – but that doesn’t mean these retailers are losing a lot...
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...
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...
In New Delhi, prices of 22-carat gold plunged sharply to Rs 51,250 from Rs 51,700 per 10 gram in the previous trade while price of 24-carat...
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...
In New Delhi, prices of 22-carat gold rose sharply to Rs 51,850 from Rs 51,150 per 10 gram in the previous trade while prices of 24-carat...
Gold prices Monday jumped to Rs 59,300 from Rs 59,290 per 10 gram, while silver climbed to Rs 74,210 from Rs 74,200 per kg, according to Good...
The pandemic, rising gold prices and an overall muted consumer sentiment has dealt a huge blow to India’s jewellery industry. Tanishq’s Ajoy Chawla talks to Venkata...
RBI Governor Shaktikanta Das announced that banks can lend up to 90 per cent of the value of gold. It stood at 75 per cent earlier....
People are getting used to Rs 50,000 plus range for gold. It would not take long before people just come out to buy as fears of...
Gold prices jumped on Tuesday to Rs 53,650 from Rs 53,460 per 10 gram, while silver climbed to Rs 65,400 from Rs 65,120 per kilogram, according...
Jewellers across the country are unlikely to achieve 100% gold hallmarking by June 2021, the new deadline set by the government, according to the India Bullion...
India is the second-largest consumer of gold in the world after China, and the demand for gold in India sharply declined in June due to various...
Gold prices have been ruling at unprecedented highs in India and global bullion markets as investors are preferring safe haven assets amid economic uncertainty triggered by...
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 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...
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...
The division has re-opened around 95% of its Tanishq stores till date. However, operations of stores tend to get disrupted as and when local governments enforce...
Jewellers have started melting newer ornaments to reduce inventory as recession has started affecting their businesses. Gold prices on Monday jumped to Rs 48,320 from Rs 48,...
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...
We have seen a substantial jump in ETFs in the last few weeks, says PR Somasundaram Gold continues to shine bright and clearly that risk aversion,...
A strong global demand for gold, along with a depreciating rupee, helped the yellow metal to breach the Rs 50,000-per-10gm mark in Mumbai’s retail market on Wednesday. This...
Ahmedabad: Gold prices once again went up on Monday, to settle at Rs 50,050 per 10g, due to increasing safe haven investments in gold. The prices rose by...
Gold prices in India fell after rising near record highs in early session. On MCX, August gold futures were down ₹50 to ₹48,250 per 10 gram after rising...
There is no denying that there are many potential geopolitical and economic risks, which, if they play out, bode well for gold Gold prices surged to...
If there is one thing that’s glittering amid all the Coronavirus gloom, it’s the yellow metal. Gold has been on a record-busting spree and zipped past the Rs...
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....
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...
Gold imports by India slumped by about 99 per cent for a second straight month in May, disrupted by lockdown. Inbound shipments fell to 1.3 tonnes...
Zaveri Bazaar, Asia’s largest gold market, reopened on Friday, after 10 weeks of shuttering, injecting life into India’s tepid bullion and jewellery trade that relies heavily on this South Bombay...
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...
Bhuvan Goel, a first-generation jeweller and owner of SKA Diamonds in New Delhi, always wanted to do something on his own. Although his father runs an...
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...
Retail Jeweller Market speaks to a cross-section of jewellers to get an overview of the impact of the lockdown on the industry at present and post...
Gold prices in India were lower today as trading resumed in the evening session on the MCX, which was closed in the morning session due to...
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...
Gold prices gained on Friday as escalation of hostilities between the US and China forced investors to seek refuge in the safe haven counter. A sharp...
Jewellers operating in states like Kerala , Maharashtra and Goa, whose governments have eased restrictions in certain areas , said Most customers were placing orders rather...
Gold prices in India rose on Wednesday amid the economic uncertainty and the gains in prices of the yellow metal in the global markets. Currently, the...
New Delhi: Gold prices on Tuesday rose by Rs 104 to Rs 45,885 per 10 gram in futures trade as speculators created fresh positions on firm...
India Ratings and Research (Ind-Ra) on Monday said it expects Jewellery sales to decline by 25 per cent in 2020-21 (April-March) on account of over 40 days...
The Ministry of Home Affairs (MHA) has allowed shops to open during the lockdown, which has been extended till May 18, for essential commodities and standalone...
“In this crisis, there is a stage of impact to revival. Currently we are in the ”impact stage which we are working towards sustenance. By the...
High gold prices, economic uncertainties, and a lockdown towards the end of the Jan-Mar quarter saw India’s gold demand fall by 36% on year to 101.9...
As stocks and bonds as investment avenues do not show much hope under current market conditions, gold could be the asset to put your money in....
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...
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,...
