The jewellery market in Tiruchi is experiencing a surge in activity following a reduction in the basic customs duty on gold, silver, and platinum. The Union Budget's cut has lowered the customs duty on gold and silver to 6% and on platinum to 6.4%, down from the previous rate of 15%

However, local gold futures fell to INR 49,572 per 10 grams in May, the lowest in nearly three months

The meeting touched upon ways to strengthen the gem and jewellery trade between the two countries

With customers moving to organised jewellery shops, the company is investing considerable amounts to open 45-50 new stores across the country to add to the existing 385 stores present in 220 cities

The Central Government recently approved several amendments to the Indian Gold Coin Scheme

The lockdown which was announced on March 22 across the country has brought gold imports to an all-time low

 The gold sales this season have gone down considerably by 70-80 per cent, say Mumbai jewellers

As the Centre has scrapped Article 350 and 35A, we decided to come up with a theme that signifies the importance of both days. Gold and silver rakhis are being designed in accordance with the customers

Seven persons arrested after searches at domestic cargo terminal revealed gold bars weighing 32.28 kilograms

The purchase of gold and silver jewellery and the charges paid for making of the jewellery would be subject to VAT, pearls and gemstones would be zero rated subject to certification by the competent authority determining its nature.

Fuelled by an expanding economy and rising wealth, China's gold jewellery demand has boomed since the early 2000s.

Mandatory Hallmarking for a Better Industry

With an interesting mix of industry and non-industry experts, the first day of the summit definitely proved to be a learning platform for industry personnel says Vijetha Rangabashyam.

Gold Bullion Association says outlook for upcoming wedding season looks great in terms of sales.