High gold prices and seasonal factors have dampened demand for gold jewellery, while demand for bars and coins remains strong Mumbai: The World Gold Council (WGC) has...
Highlighting the scale of digital gold adoption, the council noted that over 120 million customers have engaged in digital gold transactions, with approximately 40 million currently...
The international bullion body said unlike previous periods when gold broke record highs, the market is still not saturated, indicating that the gold prices may go...
India has become the third-largest gold buyer in May after Switzerland and China, according to the World Gold Council New Delhi: The global gold market experienced...
Over 200 delegates actively engaged in the summit’s discussions, which revolved around addressing the financing needs across value chain in the jewellery industry MUMBAI: The All...
Jewellers from across the country claim that sales and footfalls have increased as customers throng to reap the benefits of price appreciation of gold Mumbai: The...
The film focuses on highlighting stories of individuals who are getting past their doubts, and insecurities and shining bright Mumbai: The World Gold Council (WGC) has...
Jain has over two decades of rich experience and understanding of the Indian consumer. Current India CEO Somasundaram PR will retain his current role and responsibilities...
Somasundaram PR, Regional CEO of World Gold Council, shared the report on the last quarter of 2023 virtually on January 31 Mumbai: World Gold Council announced...
India has secured its position as the 4th largest exporter of gold jewellery, following major players such as China, UAE, and Switzerland Mumbai: India’s gold jewellery...
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...
A GJEPC initiative, the summit was held at Bharat Mandapam in New Delhi on January 23 and 24 with the theme ‘Raise gold’s role in economic...
The report also elaborated on the rapid growth in the working age population over the next two decades, which will create sustained demographic dividend Mumbai: World...
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...
The World Gold Council has said that he will retain his current role and responsibilities until his successor is appointed Somasundaram PR, Regional Chief Executive Officer,...
The awards, heralded as the Oscars of India’s retail jewellery industry, recognised excellence in design and marketing at a gala event attended by more than 600...
The proceeds of the event were donated to Relief Projects India which addresses critical issues like female infanticide, foeticide, and challenges that affect women and children...
Gold recycling, however, showed an increase in Q2 2023 when compared to the same quarter of the previous year, likely due to consumers capitalising on historic...
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...
In an exclusive interaction with The Retail Jeweller, Arti Saxena, Director and Head of Marketing, World Gold Council, India, speaks about the opportunity to redefine the...
PMAC is expected to enhance development of the precious metals ecosystem in the Gujarat International Finance Tec-City (GIFT-IFSC) and India’s overall gold economy Sabyasachi Ray, Executive,...
The gold jewellery demand of 78 tonnes in the first quarter of 2023 was the weakest for the first quarter in India since 2020 Indian consumers...
India, which is the world’s second-largest consumer of gold, has witnessed a growing demand for lightweight and studded jewellery, the World Gold Council said. The global...
India’s lab-grown diamonds (LGDs) have tweaked the tag line ‘A Diamond Is Forever’ to ‘A Diamond Is For Everyone’ with the Budget axing the 5% custom...
AHMEDABAD: With gold prices touching record highs tracing the international rally in prices, the degree of recycling of gold went up significantly. According to the World...
NEW DELHI: India’s gold consumption in 2022 fell 3% from a year earlier, as a rally in local prices to near-record highs curtailed bullion demand during...
The World Gold Council’s latest Gold Demand Trends report reveals that annual gold demand (excluding OTC) in 2022 increased by 18% year-on-year, hitting 4,741t – the highest annual...
The Indian jewellery segment hopes that Finance Minister Nirmala Sitaraman will reduce customs duty on gold in the upcoming Union Budget 2023-24, at a time when...
An Indian bride is worth her weight in gold. Hence it’s no surprise that bridal jewellery accounts for half of all the jewellery sold in India,...
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...
The commerce ministry is discussing a reduction in import taxes on gold to rein in illegal shipments, according to a Bloomberg report attributing people familiar with...
The World Gold Council today launched a multi-media marketing campaign in India to create awareness on gold’s role in an investment portfolio and drive adoption amongst...
India witnessed a decline in both gold and silver imports in October, according to the latest by the Commerce ministry. The import of the yellow metal...
The World Gold Council’s latest Gold Demand Trends report reveals that gold demand (excluding OTC) in the third quarter of 2022 hit 1,181 tonnes, up 28%...
World Gold Council has launched a new look ‘You are gold’campaignin partnership with Gem & Jewellery Export Promotion Council (GJEPC) to increase awareness, relevance and adoption...
The gold industry has come together, convened by LBMA and World Gold Council, to sign a Declaration of Responsibility and Sustainability Principles which formally expresses a...
World Gold Council has launched a new look ‘You are gold’ campaign in partnership with Gem & Jewellery Export Promotion Council (GJEPC) to increase awareness, relevance...
The World Gold Council today launched a report titled ‘Jewellery market structure’, as part of a series of in-depth analysis on the Indian gold market. The...
Gold ended August lower m-o-m, down 2% to US$1,715.9/oz – its fifth consecutive monthly decline1 The promising bounce that began in mid-July ran out of steam...
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) organised the 7th edition of its charity dinner ‘Jewellers for Hope’ in association with World Gold Council...
Chennai: Gold demand in India was up 43% at 170.7 tonne in Q2, 2022 as against 119.6 tonne in Q2, 2021. Demand for gold jewellery was...
On Friday, Prime Minister Narendra Modi launched India’s first India International Bullion Exchange (IIBX) during his visit to the International Financial Services Centre (IFSC) at the...
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...
The World Gold Council’s latest Gold Demand Trends report reveals that gold demand (excluding OTC) in the second quarter was down 8% year-on-year to 948t. However,...
Investors face a challenging environment during the second half of 2022, needing to navigate rising interest rates, high inflation and resurfacing geopolitical risks. In the near...
The Gem & Jewellery Export Promotion Council (GJEPC) organized its 3rd Member Outreach program in Mumbai on 22nd June. The event was organised in association with...
The World Gold Council today launched a report titled ‘Gold refining and recycling’, as part of a series of in-depth analysis on the Indian gold market....
Although investing in the stock market seems like a lucrative option, it brings a set of high risks caused by frequent fluctuations. The growing instability brought...
Fingers crossed, as the gem and jewellery industry is showing strong signs of recuperation from pandemic-induced demand damps. This Akshay Tritiya has been promising for jewellers...
Ahmedabad: With the third wave of Covid-19 dampening wedding occasions, inflationary pressures eating into disposable incomes and an overall muted sentiment due to high prices of...
The World Gold Council’s Q1 2022 Gold Demand Trends Report suggests that India’s Q1 2022 gold demand declined by 18 per cent to 135.5 tonnes, mainly...
The global gold market saw a solid start to 2022, with first quarter demand (excluding OTC) up 34% year-on-year, thanks to strong ETF flows, reflecting gold’s...
David Tait, Global CEO, World Gold Council, feels that the time is right for unified efforts in creating a database for gold globally. He speaks to...
Consumption of gold in Indian households is the highest among the middle-income group – those with annual income between Rs 2 lakh and Rs 10 lakh...
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...
London Bullion Market Association (LBMA) and the World Gold Council (WGC) are collaborating to develop and implement an international system of gold bar integrity, chain of...
Kerala-based jewellery major Malabar Gold & Diamonds expects the overall revenue to be approximately USD 1.5 billion in the UAE market by the end of the...
The National Stock Exchange (NSE) has announced its plans to set up a domestic spot gold exchange in collaboration with India Bullion and Jewellers Association Ltd....
While gems and jewellery exporters are overwhelmed by the measures announced by union finance minister Nirmala Sitaraman in Union Budget 2022-23, retail industry experts cite the...
On the one hand, the world’s known gold reserves are running out, on the other hand, global demand keeps increasing. The unstoppable rise in global inflation,...
The World Gold Council’s latest Gold Demand Trends Report revealed that annual demand (excluding OTC markets) has recovered many of the COVID-induced losses from 2020 to...
Gold demand in India will be resilient against the latest onslaught of Covid-19 cases as buyers in the second-biggest consumer “learn to live with the virus,”...
Gold, which lost its sheen to some extent in the second half of 2021, is likely to regain the glitter in the New Year and cross...
The World Gold Council recently launched a report titled ‘Bullion Trade in India’, as part of a series of in-depth analysis on the Indian gold market. The...
Indian households are once again hoarding gold, pushing up the import bill and widening the trade deficit. The country’s trade deficit widened to $122 billion in...
MUMBAI: Since the Government of India made gold jewellery hallmarking mandatory in mid-June this year, the number of jewellers registered with the Bureau of Indian Standards...
A new report by the World Gold Council highlights the role of its members, many of the world’s most forward-thinking gold mining companies, in contributing to...
The World Gold Council has launched its first immersive documentary series showcasing gold’s impact on humanity’s past, present and future. A five-episode series explores the metal’s...
Presenting gold in a never-seen-before fashion is World Gold Council with their recently launched ‘You are Gold’ campaign. It is built for millennials, the generation that...
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) has been spearheading structural policy reforms surrounding the organisation of India’s gold industry at the three previous...
The World Gold Council launched a report titled ‘The drivers of Indian gold demand’, the first in a series of in-depth analysis on the Indian gold...
Wedding invites have been sent and the festival season is expected to be lively. That’s good news for India’s gold jewellers, as a reprieve in the...
The World Gold Council today launched a new report “Gold and climate change: Decarbonising investment portfolios”, which looks at gold’s potential impact on the carbon profile...
Satvik Kamath, head of operations, Abharan Jewellers, Udupi, talk sto the Retail Jeweller India about his expectations from the IIJS in September What are your expectations...
The World Gold Council announced that its members, 33 of the world’s most forward-thinking gold miners, have committed to reporting their positions and progress on climate-related...
Satvik Kamath, head of operations, Abharan Jewellers, Udupi, talks to the Retail Jeweller India about his expectations from the IIJS in September. What are your expectations...
Bengaluru: Indiagold, a gold-based lending platform started by two former Paytm executives, has raised $12 million in fresh funding to make the most of the pandemic-induced...
India’s gold demand increased by 19.2 per cent to 76.1 tonne during the April-June quarter this year, largely due to low base effect, owing to the...
Consumer investment in gold increased in the second quarter of 2021 but some investors were less bullish, according to the World Gold Council’s latest Gold Demand Trends...
The World Gold Council and Gem and Jewellery Export Promotion Council (GJEPC) have signed an agreement to promote gold jewellery in India in 2021. Under the...
New Delhi: The government’s move to make hallmarking of gold jewellery mandatory could push the industry towards further consolidation and formalization, according to a report by...
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...
