Financial Results of Kalyan Jewellers Announced
Kalyan Jewellers India Limited recorded PAT of Rs 224 crores with a revenue growth of 26% in FY22
Titan jewellery revenue declines 4% in Q422
The underlying demand continued to be strong across all of its businesses, with most segments posting Y-o-Y growth over a strong Q4 FY21 base
Demand for gold high amidst rise in prices
As Covid-19 recedes and the kamurta period ends, weddings are being organized in a big way again, leading to high demand for gold
IIJS Tritiya postponed to March 2023, says GJEPC
According to GJEPC, the rescheduling of different jewellery shows in India has resulted in the show calendar in India becoming very busy for the month of March-April 2022, and so IIJS Tritiya has been postponed
Silver jewellery demand to grow 11% In 2022; India the driving force
According to Silver Institute, India remains the driving force, assisted by improving consumer sentiment
Gold demand resilient: WGC
Indians have learnt to live with the virus, says the WGC, and so, demand for gold is resilient
GJC seeks reduction of GST on jewellery to 1.25% from 3%
GJC has also urged the Finance Minister to raise the PAN card limit from Rs 2 lakh to Rs 5 lakh, citing that many households in rural India do not hold PAN
India-based gold ETFs saw inflows of 9.3 tonnes in 2021: WGC
Global gold ETFs saw net outflows of 173 tonnes or $9.1 billion, while India-based ETFs saw inflows of 9.3 tonnes or $595.3 million during the year
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