The skyrocketing price of gold is a matter of concern to the entire gold industry, but even more so for India, which is one of the largest consumers of gold worldwide. Driven by multiple factors, chiefly global economic uncertainties, inflation concerns, and a strong investment demand, these price movements have significant implications for retailers, consumers, and investors in India. In a conversation with Suneeta Kaul, Sachin Jain, Regional CEO, India, World Gold Council, dwells on the impact of high prices, the move towards organized retail in the country, the rising trend of digital gold investment, and more

Palmonas, India’s first demi-fine jewellery brand co-owned by Bollywood actor Shraddha Kapoor, has strengthened its retail footprint with the launch of a new store in Pune. This marks the brand’s fifth store as it continues to cater to the growing demand for accessible luxury jewellery

The World Gold Council (WGC) has expressed concerns about the potential hike in gold import duties in India’s upcoming Union Budget for 2025

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

The Indian government is expected to increase the Goods and Services Tax (GST) rate on gold and silver from 3% to 5%. This anticipated hike follows recent reductions in the basic customs duty, as outlined in the latest Budget

All India Gem & Jewellery Domestic Council (GJC) hosted an inaugural one-day Gems and Jewellery Banking Summit at the Jio World Convention Centre in Mumbai

India will target gold jewellery exports of USD 25 billion by 2030: Vipul Shah, Chairman, GJEPC, at the India Gold & Jewellery Summit

The 16th Convocation Ceremony of Mumbai's Indian Institute of Gems & Jewellery, an initiative of GJEPC, honoured 36 graduates from the 3-year B.A. in Gems & Jewellery program

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.

Indian Jewellers Report 25% of Gold Sales from Jewellery Exchange; Record Sales of Used Jewellery Expected, says World Gold Council.

One of the biggest demands of the gems and jewellery sector was for the government to bring down the customs duty on gold to 10 per cent to eliminate smuggling – but the demand went unheard yet again

The report examines the demand and importance for gold jewellery in India after a shift in the consumer behavior over the years.

GJEPC organised the Summit as an initiative to promote better banking and business practices

This World Gold Council report states that chain stores comprise 35% of India’s retail gold jewellery market and that they are poised to grow in the next 5 years