TBZ Profit Slides as Soaring Gold Prices Shift Consumer Focus to Investment
Tribhovandas Bhimji Zaveri Ltd (TBZ), one of India’s most established jewellery retailers, reported its first profit decline in ten quarters, as elevated gold prices diverted consumer interest away from jewellery towards gold as a pure investment
Kalyan Jewellers Defies Market Downturn with Q4 Profit Surge, Announces Dividend
Despite rising geopolitical tensions between India and Pakistan that dragged equity benchmarks into the red, Kalyan Jewellers' stock bucked the trend on Friday, posting strong gains after announcing robust Q4 results and a dividend
Highdell Investment sells 2.26% stake in Kalyan jewellers for Rs. 256 crore
Soon after the deal, shares of Kalyan Jewellers plunged 9.06% and settled at Rs 107.9 on the National Stock Exchange.
India's gold imports for January have hit a 32-month low, plummeting 76% from the previous year's numbers
The country imported 14.6 tonnes of gold in January 2023, down from 61.5 tonnes in January 2022. The lower demand for gold has affected not only India's import figures but also global gold prices, which fell on the news of India's reduced imports.
90% Drop for Gold ETFs in 2022
Gold ETFs plunged in 2022 due to the steep rise in the price of the yellow metal.
Jewellery exports to UAE to surge to $10 bn annually on back of 0% duty: GJEPC
The India-UAE CEPA will fast-track India’s goal of reaching $50 billion in exports of gems and jewellery by 2022-23, says GJEPC
Four Indian jewellery brands in Deloitte top-100 list
Kalyan Jewellers, Joyalukkas, PC Jewellers, and Tribhovandas Bhimji Zaveri Limited have ranked 37th, 46th, 57th, and 92nd, respectively, in the list
India's gold imports rise sharply to $ 7.9 bn in April-June quarter
Import of gold has gone up significantly in the April-June quarter, Commerce Ministry data reveals
Gems & Jewellery Export Promotion Council Suggests Changes To Gold Deposit Scheme To Make It More Attractive
The Gems and Jewellery Export Promotion Council has proposed changes in the revamped gold deposit scheme
Silver Imports May Dip To Lowest Level In Recent Times
Unlike gold, silver prices show greater fluctuation and so does its demand and supply
Gold Price Rises By Rs 185, Silver By Rs 1,672
The rupee plunged 20 paise and settled below 75 per U.S. dollar level on August 3, tracking negative domestic equities and strengthening American currency
Gold Prices In India Move To Premium Despite Record High Rates
Gold prices in India are up 35% this year. Analysts report uptick in investment demand for gold
Gold ETF Demand Sees 300% Annual Increase in First Quarter
Gold-backed exchange-traded products were the prevailing asset to own, driving global demand for the yellow metal in the first quarter, as the world economy was crushed by the COVID-19 health crisis, according to the latest research from the World Gold Council (WGC)
Indian Gold Demand could Hit Three-decade Low
The drop in consumption by the world's second-biggest gold buyer could limit a rally in global prices
India's Gold Imports Suffer as Prices Hit Record High
India’s gold imports plunged 41 per cent, as compared to previous year
