The Indian Bullion and Jewellers Association (IBJA) has proposed the establishment of a jewellery export facilitation centre at GIFT IFSC in Gandhinagar

IFSCA Chairman urges establishment of gold refining facilities in India, emphasizing its significance as a leading global buyer of the precious metal

The World Gold Council has announced that Somasundaram PR, Regional CEO, India, will step down from his current position next year when his successor has been appointed.

TRQ will help the group in importing gold through the IIBX under India-UAE Comprehensive Economic Partnership Agreement(CEPA) at reduced duty rates with convenience and transparency.

India has taken a strategic step to promote business in its gems and jewellery industry by prioritizing the import of 140 metric tons of gold from the UAE at a reduced rate for 2023-24.

Finance Minister Nirmala Sitharaman will present the budget on the Parliament on February 1, 2023. With the approaching central elections, popular consensus on this year’s budget is that it would be growth-oriented, with a focus on infrastructure, inflation, manufacturing and rural economy

The PM also laid the foundation stone of the headquarters of the International Financial Services Centres Authority in GIFT City

The pact will explore potential business and facilitate growth by sharing knowledge and expertise to promote the launch of the India International Bullion Exchange at GIFT city, IFSC

The GJEPC has been propagating the benefits of setting up a Bullion Exchange that can focus on price discovery

Customs duty on gold and silver decreased to 7.5 per cent from 12.5 per cent with an addition of 2.5 per cent AIDC (Agri Infra & Development Cess) – in effect reduced to 10 per cent -- applauded unanimously by the whole G & J industry

Customs duty on gold and silver decreased to 7.5% from 12.5% with an addition of 2.5% AIDC (Agri Infra & Development Cess) – in effect reduced to 10% -- applauded unanimously by the whole G & J industry