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...
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...
