Pune jewellers have reported continued demand for gold and silver Ganapati ornaments during Ganeshotsav, with buyers shifting towards lighter and smaller pieces as precious-metal prices remain elevated.

Delhi-based silver jewellery label Apala by Sumit will showcase its collections in Kolkata at Taj Bengal, marking its return to the city after three years, in a event titled 'Calcutta Wears Apala'.

The government plans to make silver jewellery hallmarking mandatory from October 2026, expanding BIS oversight as silver consumption, prices and jewellery trade volumes rise.

Jewellery manufacturers in Coimbatore have urged the Tamil Nadu government to prioritise MSMEs in future gold ring tenders after local units were unable to match bids for a 4.41-lakh-ring order.

BIS says over 77 lakh silver jewellery pieces and artefacts received HUID hallmarking since September 2025, with southern India accounting for 62% of hallmarking activity.

India’s INR 7 lakh crore jewellery market is seeing lower gold volumes but higher consumer spending, prompting retailers to focus on lightweight, lower-carat and studded jewellery.

Jewellery demand in Ahmedabad has picked up ahead of Rakshabandhan, with consumers opting for silver rakhis, coins, lightweight gold jewellery and lower-carat products despite high prices.

Rising gold prices are prompting Indian consumers to sell old jewellery for cash, while organised jewellers expand cash-for-gold programmes to increase recycled gold supply.

Organized jewellers are expanding cash-for-gold programmes ahead of the festive season as elevated bullion prices affect fresh demand and retailers seek greater access to recycled gold.

Gold and silver prices are expected to remain firm next week as investors await key US economic data, while elevated levels could trigger profit-booking in bullion markets.

Rising gold prices are pushing Indian jewellers towards lower-purity jewellery, with 9-carat offerings gaining traction as retailers seek more accessible price points for consumers.

Selling old gold jewellery can trigger capital gains tax, but buying new jewellery with the proceeds does not automatically offset the liability under Indian income-tax rules for taxpayers.

Aditya Birla Capital will enter India’s gold loan market, targeting 1,000 dedicated branches over three years as rising gold values support secured lending demand.

The government is considering changes to its gold deposit framework, including a role for jewellers, to bring more privately held gold into the financial system and reduce import dependence.