Mumbai: GJEPC continues to strive to strengthen the industry and boost demand for gem and jewellery. With the aim to help IIJS retailers reach out to their customers during this Dhanteras, GJEPC has introduced an exclusive series of 10 short
“Weakness caused by COVID-19 was compounded by record gold prices: Q3 demand fell 29% YoY to 333t. While China and India accounted for the largest volume declines, weakness was global,” said WGC. Mumbai: Indian demand for gold jewellery shrank 48% year-on-year (YoY)
“We expect quarter four would be better than quarter three due to pent-up demand and festivals,” said Somasundaram PR, the managing director of WGC’s Indian operations. MUMBAI: India’s gold demand in the fourth quarter is expected to recover after falling 30% in
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 analysts and industry experts, the implementation will prove detrimental for small bullion traders and jewellers.
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 COVID-19 crisis continue to deteriorate in the West and emerging markets. New Delhi :
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, Malabar Gold & Diamonds, Senco Gold & Diamonds, besides others, are adding more retail
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 retailers this fiscal and hard-brake store expansion, credit ratings firm CRISIL NSE 2.25 %
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, Govt of India today in a representation meeting held with The Gems and Jewellery
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 coronavirus cases. Spot gold jumped 1 per cent to $1,811.55 per ounce by 1512GMT.
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 have reached back to nearly the same level as last year. “Sales have
