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 kept buyers in the second-largest consuming nation on the sidelines. Overseas purchases fell to
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 Hemindra Hazari, an independent analyst, more than eight robbery cases in the past two
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 intelligence, machine learning and data science With Covid bringing in a lot of changes
Dubai: UAE’s shoppers are once again picking up gold – but more as coins and bars for investments rather than jewellery. With gold finally dropping below $1,900 an ounce – it’s at $1,878 early today (October 29) – shoppers want
Demand for gold is expected to stage a recovery during Dhanteras and Diwali festivals this week, though it may not be as robust as last year due to the twin effects of high prices and the economic crisis caused by
As bullion imports improved during the July-September period on a quarter-on-quarter (QoQ) basis, a Motilal Oswal report has said that the improved demand shows revival in confidence among jewellers about the strong festive and wedding demand anticipated in the fourth
The gold loan market in India can skyrocket due to improved technology in the current fiscal year 2020-21. The outstanding organised gold loan is expected to grow to Rs 4 lakh crore in FY21 from Rs 3.4 lakh crore in
Purchases remain nearly half of last year’s levels but brings cheer to jewellers A sharp rally of about 40 per cent in gold prices over the past one year — mostly owing to the Covid crisis — has not deterred
Mumbai: Jewellers are betting on recovery and are optimistic that a rebound in the economy and pent up demand will help boost sales during this ‘Dhanteras’ and the industry is likely to do up to 70 per cent of last
Distressed jewellers join consumers in melting inventory to meet short-term stress High gold prices pushed the recycling of the yellow metal to an eight-year-high of 41 tonnes in the September quarter, with both consumers and some of the distressed jewellers
