Investment-led buying dominates festive season demand, with over 40 tons of gold sold in two days

Augmont Enterprises Pvt. Ltd. and Augmont Goldtech Pvt. Ltd. were honored with four awards at the 10th India International Bullion Summit (IIBS), organized by the India Bullion and Jewellers Association (IBJA)

As Dhanteras and Diwali draw near, Indian consumers are actively purchasing gold despite record-high prices, driven by hopes for strong returns amid a cooling stock market. This surge in demand may further elevate global gold prices and impact India's trade balance, indicating a robust festive buying sentiment

The recent surge in gold prices, driven by U.S. Federal Reserve interest rate cuts and geopolitical tensions, has led to a sharp decline in physical demand across major global markets. Despite a temporary boost in India following an import duty cut, the overall trend shows consumers pulling back as prices hit record highs, prompting many to sell their holdings and profit from the rally

The Indian gold industry has announced the formation of the Indian Association for Gold Excellence and Standards (IAGES – pronounced as I-AAY-GES), a self-regulatory organisation (SRO) created by the Indian gold industry for the Indian gold industry and supported by the World Gold Council

Gold, long heralded as a safe haven asset, is currently experiencing a surge in demand, propelling its prices to unprecedented highs

The surge in gold prices might dampen the demand during the Indian wedding season, while the outlook remains robust in China

Diwali is always a special occasion in terms of sales for the jewellery industry, but this year, the grand festival holds the promise of a particularly big boom in view of the wedding season coinciding with the festive season, discovers Suneeta Kaul

The government has recently unveiled the highly anticipated Sovereign Gold Bond Scheme for the year 2023-24. Starting 19th June, interested investors can subscribe to these bonds and take advantage of the scheme's attractive features.

The award was conferred by the India Bullion and Jewellers Association Ltd. (IBJA) at the 8th India International Bullion Summit.

Gold Craft will be an integrated gems, gold and jewellery manufacturing park with exclusive features

IIBS awards are one of the most prestigious awards in the gem & jewellery sector

Held in Mumbai, the event was conducted by India Bullion and Jewellers Association Ltd (IBJA)

BVC has been a partner of the Gems & Jewellery business since its beginning, providing logistics solutions for the entire value chain