MUMBAI: The All India Gem and Jewellery Domestic Council (GJC) has urged Maharashtra Chief Minister Uddhav Thackeray to allow the opening of jewellery retail stores in...
“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...
Continuing with its efforts to offer cutting edge applied research on the Gold Industry in India, the India Gold Policy Centre (IGPC) organised its 4th Annual...
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...
By Suneeta Kaul The gems and jewellery industry has welcomed Union Finance Minister Nirmala Sitharaman’s Budget 2021-2022 announcement to cut import duty on gold and silver...
By Suneeta Kaul The Union Budget 2021, presented by Finance Minister Nirmala Sitharaman, has reduced the import duty on gold and silver to 7.5%, a move...
New Delhi: India’s gold imports in 2020 slumped to the lowest in more than a decade as the coronavirus pandemic battered demand and logistics, while higher prices...
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...
With digital fast becoming the new normal, GJSCI ramps up the transformation of the gem and jewellery industry by employing weapons in the form of artificial...
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 —...
Global gold demand dropped by 19% y-o-y to 892t in Q3, as consumers continued to feel the impact of the COVID-19 pandemic. This was the lowest...
In the backdrop of the upcoming virtual India International Jewellery Show (IIJS), Colin Shah, Chairman, GJEPC, shares his expectations from the event with Samit Bhatta of...
On August 7, gold touched a price of $2,074/ounce in international markets and Rs 56,254/10 gm. The geopolitical uncertainty between the US and China means an...
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...
The World Gold Council estimates there are about 2,000 tonnes of gold locked away in temples—worth about $84 billion at current prices. Groups of men in...
Celebrating the humane side of the Indian G&J Industry, Gems & Jewellery Export Promotion Council (GJEPC) in association with the World Gold Council felicitated the real...
“We will discuss lowering the e-invoice threshold for the gold and jewellery trade at our next meeting,” Thomas Isaac, Kerala FM who is part of the...
By Suneeta Kaul The World Gold Council (WGC) recently released a report, titled “Online Gold Market in India”, and its findings confirmed what many in the...
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...
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...
In view of the coronavirus pandemic, the government on Monday announced the extension of a deadline for mandatory hallmarking of gold jewellery and artefacts by over...
Gold should be embraced as a portfolio diversifier and hedging strategy by an investor in the current environment. The present difficult time amid pandemic COVID-19 will...
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...
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,...
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...
Indian gold prices have increased by 23% so far this year. Gold with 24-carat purity also crossed the Rs 50,000 per 10-gram mark recently. But why...
Gold prices fell in Indian markets today despite a positive global trend. On MCX, August gold futures fell 0.4% to ₹47,150 per 10 gram, after a...
14% will never consider buying; jewellers need to meet the fashion expectations of women, says World Gold Council survey. Shattering popular belief of women’s affiliation to...
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 has no doubt been the uncontested Student of the year in 2019 with a shining return of 24% annualised which renders financial assets pale in...
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...
GJEPC (The Gem & Jewellery Export Promotion Council), the apex body of gems and jewellery industry in the country held a webinar on May 06, 2020...
Hit hard by the spread of coronavirus, jewellery sales are expected to take several years to return to pre-pandemic levels, said experts during a webinar organised...
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...
The Customs department has seized just 900 kgs of gold between January and March period, as against more than 1,000 kgs during the year-ago period. And...
Jewellers in Thailand were grappling for cash as people came in large numbers to sell gold, prompting PM Thailand Prayuth Chan-Ocha to tell them to “not...
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...
Already having missed out on Hindu calendar new year sales during the spring harvest time due to abrupt lockdown, jewellers across the country are pulling out...
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...
Faced with an unprecedented decline in demand, the World Gold Council (WGC) is planning to start consumer marketing of gold in India. In a conference call, David Tait, chief executive officer...
As economies around the globe slip into recession, gold is taking centre stage. Somasundaram PR, managing director, India, World Gold Council, tells us how investors should...
Kolkata: Sales of old gold are likely to surge once the 21-day lockdown is over as people will likely liquidate the yellow metal, which is now...
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...
The Gem and Jewellery Export Promotion Council (GJEPC) has initiated a number of steps to mitigate the impact of the ongoing health crisis related to the...
The volatility in gold prices seen over the past two months is expected to persist in the near term, driven by a combination of factors ranging...
NEW DELHI: Gold may be losing its shine. Retail sales are slowing as there seem to be virtually no buyers for the yellow metal. While the...
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...
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...
What propelled gold to reach a staggering price level of $1,580 a troy ounce recently is now set to negatively hit the precious metal and drag...
The Budget has increased the import duty on gold coins to 12.5 per cent from 10 per cent, making it on a par with that of...
The Union Budget’s proposal for an international bullion exchange at the financial hub in Gujarat’s GIFT City has made businesses hope that the rules will be relaxed to...
Even As Indian gems and jewellery exports are struggling to meet the $40-billion-mark that was achieved last fiscal, the Union commerce ministry has chalked out strategies...
Kolkata: After a month of subdued sales, gold traders are upbeat that demand will pick up from January 16, which marks the start of the Indian...
Jewellers can sell only hallmarked jewellery and artefacts made of 14, 18 and 22 carat gold from January 15, 2021 and violation of this will attract...
CHENNAI: The escalating US-Iran conflict, after ballistic missiles were launched early on Wednesday, fired up global gold prices by 2% to $1,611 — a 7-year-high. “Gold prices closed higher...
Always a pricey possession, gold is set to remain more pricey in the New Year too as continuing geopolitical tremors, economic woes and rupee volatility are...
While buying gold jewellery, it’s advisable to check the hallmark to ensure you get what you are paying for and its purity is as promised by...
India has been myopic about so many things. One of them, tragically, is gold. It has forgotten to exploit its own mines. It gave out licences...
The central government has recently announced to make gold hallmarking mandatory in the country by 15th January 2021. During the press conference, the Union consumer affairs...
Gold jewellers are apprehensive over a possible move to raise the GST rates with the Centre attempting to rationalise the rate structure. If the GST rate...
NEW DELHI: The last few months saw a structural change in the gold market with investors taking refuge in time-tested havens such as the gold-backed exchange-traded...
The World Gold Council today launched its new consumer research report highlighting opportunities for gold for those working in both retail investment and jewellery markets. The...
GOLD BARS in India traded at a higher price than London quotes this week for the first time since the Modi government’s shock hike to bullion import...
Goodwin Jewellers, a Maharashtra-based jewellery chain, was recently in the news after its owners allegedly ran off with investors’ money and the stores’ gold stock. Customers...
Kolkata: The World Gold Council on Wednesday launched its new consumer research report highlighting opportunities for gold for those working in both retail investment and jewellery...
The 66 per cent fall in gold imports in the July-September 2019, from a year ago as well as from the previous quarter, is a welcome...
Global gold demand grew modestly to 1,107.9 tonnes in the third quarter of 2019, a rise of 3 per cent on the same period last year,...
Gold miners’ body World Gold Council (WGC) has counseled that the Indian government launch bullion banking by carving the niche bullion business out of the core...
While panic recently gripped the already slowed down Indian economy following media reports on India selling its gold reserves, the country has the 10th largest gold...
Notwithstanding the punitive government policies and lack of adequate bank credit, the gem and jewellery industry seems to be facing the heat with overseas buyers cancelling...
Imagine being able to buy physical gold for as low an investment amount as ₹1 from the comfort of your home, without worrying about its purity, safety and storage....
Mumbai, 18th September 2019: Kashi Jewellers, known as House of Kashi gets honored as “Outstanding Enterprise of the Year India 2019” at the JNA Awards 2019...
U.S. leads the pack with 8,134 tonnes followed by Germany with 3,367 tonnes India has pipped the Netherlands to move into the list of top ten...
The escalating trade war tensions between China and the US is forcing investors to invest in a safe haven asset like gold, hence resulting in spiraling...
India’s gold imports in July plunged 55% from a year ago to the lowest level in three years as a rally in local prices to a...
Gold and silver prices in India today hit new highs, tracking a firm global trend. On MCX, August gold contracts surged nearly 2% to ₹36,250 per 10...
Global gold demand in the first half of 2019 jumped to a three-year high on the back of robust demand by central banks and gold-backed exchange-traded...
There is a transitional shift in buying behaviour of consumers for gold jewellery in North India. With buyers preferring organised retailers over unorganised traditional family jewellers,...
We believe that over the next six to twelve months: • Financial market uncertainty and accommodative monetary policy will likely support gold investment demand • Price...
New Delhi: The decision to raise import duty on gold in the Union Budget was taken after careful consideration, including its likely impact on smuggling of the...
Gold is on a winning streak, shining brighter than before. Investors, households, traders and central banks around the globe are parking cash in it. Gold has...
Bankers not averse to financing G&J businesses: Union Bank Chairman Manthan should become year-long platform: World Gold Council MD Mumbai, 02 July 2019: Customer first! Values!...
As gold prices hover around the Rs 36,000 mark per 10 grams, people are queuing up to cash in by selling their old jewellery. According to...
World Gold Council, US Geological Survey and other agencies estimate that the total quantity of yellow metal on this planet is around 245,000 tonnes. Of this,...
NEW DELHI: The gold rally continues. In India, on the Multi Commodity Exchange (MCX), gold for delivery in August contracts traded higher by over 1% to INR...
The Reserve Bank of India purchased 52.3 tonnes gold in FY19 to augment its foreign exchange reserves, according to the latest data released on Tuesday by the World Gold Council. With this, it has...
NEW DELHI: Gold imports in May jumped 49 per cent from a year earlier to 116 tonnes as a correction in local prices during a key...
Mumbai: IFC, a sister organisation of the World Bank, will invest $35 million in Manappuram Finance Limited (MFL) to help low-income households and small enterprises avail loans...
Kerala’s imposition of a 0.25% flood cess on gold sales to customers would not have a material impact, believe industry sources. The state government said in...
India is not only a land of festivals but also of weddings. There were 21 auspicious wedding days in the Hindu calendar during first quarter of...
India’s net import of gold jumped by 27 per cent to 192.4 tonnes in the first quarter of calendar year 2019 from 151 tonnes in the...
The overall demand for gold at the global level surged 7 per cent to 1,053.3 tonnes, led by buying by central banks and exchange traded funds (ETFs), says the latest...
Consumers have cut their average ticket size for jewellery purchase by 40 per cent this Akshaya Tritiya amid expectations of further price fall in gold prices. Gold prices...
Recycled or ‘guilt-free’ gold may be the latest craze to hit western jewellery markets but Indians have been doing just that for generations, when ecological consciousness...
The gold-to-silver price ratio has risen steadily since bottoming out in 2010 to the present trading level of more than 86. What does this really mean for...
While India’s penchant for yellow metal gold is well-known, the country’s bullion reserves at a whopping 607 tonnes are far ahead of Pakistan. Notably, India is...
In the face of prevalent political and economic uncertainties across the universe, particularly in major developed countries such as the United States and the United Kingdom,...
With over 350-375 tonnes of the domestically refined gold market still away from the organised trading platforms in India, the National Stock Exchange of India (NSE) has decided to accept...
