“Price of gold will come down. There is a lot of pent-up demand in the market and the reduction in duty will unleash that demand,” said...
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....
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...
To provide relief to the gems and jewellery industry, the Confederation of Indian Industry (CII) has written to the government, recommending measures, including setting up a...
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...
Industry bodies hope to allay fears of job losses and uncertain future Surat’s diamond industry fears that its worst nightmare will come true. Ahead of the...
Mumbai’s Zaveri Bazaar, once known as a hub of goldsmiths in India, now has vacant shops and rooms. Increased import duty and soaring gold prices have...
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...
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...
Kolkata: Gems and jewellery exports are likely to decline 10-15 per cent year on year in this financial year owing to choppy global economies, high import...
NEW DELHI: A steep duty hike on gold imposed in the budget could make jewellery expensive in the domestic market while encouraging smuggling, fear industry leaders....
Dubai: The Indian Government’s move to hike import duty on gold from 10 to 12.5 per cent in its latest budget announced on July 5 has...
With India set to hike customs duty on gold and other precious metals, buying gold from the GCC will be cheaper compared to Indian markets, Malabar...
Domestic gold prices in India jumped to a record on Friday following an unexpected increase in import duty in the country’s budget, hitting demand and forcing dealers to...
All India Gem & Jewellery Thanks Honourable Finance Minister Shri Nirmala Sitharaman ji for the Union Budget 2019 – 20. However, Gold will now become more...
The Union Budget 2019 has hiked import duty on gold and other precious metals that are imported to 12.5%, from current level of 10%. The decision...