India, the world’s second-largest consumer of gold jewellery, has experienced rapid change over the last few years due to evolving demographics. Weddings and festivals remain the...
Surat’s diamond-cutting units have extended the Diwali holidays for their workers to 25 days this year. But there isn’t anything to cheer about. The businesses are...
Gold smuggling could increase by 33% to touch 160 tonnes in calendar year 2022 as compared to the pre-Covid period due to import duty hike on...
Jewellers in India are shaking the dust off their expansion plans this year as sales in the second-biggest market are set to increase even more after...
AHMEDABAD: Backed by good sales fuelled by pent-up demand, improving incomes, weddings, and investment requirements gold and silver imports have surpassed pre-pandemic levels in the calendar...
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...
Strengthening the future of natural diamonds has been the topmost agenda for De beers, the diamond mining conglomerate with a stronghold on the diamond industry for...
Because of sitting at home and not spending on other discretionary categories including dining out, calling people to our homes, spending on other discretionary products, some...
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...
“Retail jewellery demand has been coming down due to volatile prices,” said Anoop Chemmanur, managing director of Chemmanur Jewellers in Bangalore. BENGALURU/MUMBAI: Retail consumers in India slowed gold purchases this...
AHMEDABAD: The imposition of 0.075% tax collection at source (TCS) from October 1, has left jewellers and gold traders staring at severe working capital crunch, amid an already slowed business. According to...
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...
KOLKATA: The pandemic has not deterred big retail jewellers from adding new space to spruce up their businesses in the current fiscal. Retail jewellers like Tanishq,...
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...
GJEPC representation meets Finance Minister to raise concerns about Equalisation Levy (EL) on diamond trade Mumbai, 27 August 2020: Smt. Nirmala Sitharaman, Hon’ble Minister of Finance,...
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 demand for gold jewellery has picked up in the country, to the surprise of even the industry. Even as the COVID-19-linked turmoil is going on, gold jewellerry...
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...
Covid-19 has changed the way we look at things. Not only has the global pandemic affected our lives in unimaginable ways, but also impacted our habits...
BENGALURU/MUMBAI: Physical gold dealers in India offered the highest discounts in about two months this week as customers kept away with corona virus cases in the country continuing to mount,...
Gold has been a store of value for thousands of years since the start of human race. It was then a medium of exchange in barter...
India’s net Bullion imports contracted 56% year- on -year to 78.4 tonnes in the March quarter of the current year . Jewellery demand in the world’s...
India’s gold demand crashed 36% year-on-year in the March quarter, far underperforming a 1% rise globally, as the Covid-19 outbreak and sharp rise in prices deterred...
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....
Titan’s jewellery division, which accounts for about 80 per cent of the company’s total revenue, reported a dip of 5 per cent in revenue in March because...
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...
The gems and jewellery exports are expected to witness a sharp decline in March as well as in the first quarter of the next fiscal due to disruptions...
With the exception of the rally that we witnessed last week, gold has been fairly slow in reacting to the kind of easy money that is...
World Gold Council’s India MD says a lot of factors are favouring gold price rally, it is not just this news about coronavirus. On the back...
Namisha Jain, a 24-year-old resident of Mumbai’s Napean sea Road quarters, has just stepped out of Umedmal Tilokchand Zaveri, an 80-year-old jewellery store in south Mumbai’s...
