Central Banks Sustain Gold Buying Momentum Amid Market Volatility
November saw central banks continue their aggressive gold acquisitions, with Poland leading the charge and China re-entering the market, underscoring gold’s lasting appeal as a stable asset
World Gold Council: Festive Season Expected to Boost India's Gold Demand Despite Record-High Prices
As the festive season approaches, the Indian gold market is showing promising signs of recovery, despite facing challenges from record-high prices and recent fluctuations in demand
GJEPC Voices Concerns Over EDPMS System and Customs Procedures at Delhi Meeting
The Gem and Jewellery Export Promotion Council (GJEPC) raised critical issues impacting jewellery exporters during a meeting with Delhi Customs on August 28, 2024
WGC Calls for Guidelines on Digital Gold Market in India
The World Gold Council (WGC), an international trade association, has urged India's finance ministry and the Reserve Bank of India (RBI) to establish clear guidelines and regulatory frameworks for the burgeoning digital gold business in the country
RBI Bolsters Gold Reserves by $5.6 Billion in Q2 Amid Global Economic Uncertainties
In a strategic move reflecting heightened global economic uncertainties, the Reserve Bank of India (RBI) significantly bolstered its gold reserves by $5.6 billion during the April-June quarter
Riding the Golden Wave: Factors Driving the Soaring Demand for Gold
Gold, long heralded as a safe haven asset, is currently experiencing a surge in demand, propelling its prices to unprecedented highs
RBI's Gold Reserves Surge by 27.46 Metric Tonnes in FY24
The Reserve Bank of India (RBI) witnessed a notable expansion in its gold reserves during the fiscal year 2024, with an increase of 27.46 metric tonnes reported by the end of March
Banking Institutions Appeal to RBI for Permission to Provide Silver Metal Loans to Jewellery Manufacturers
Point to Gold Loan Triumph as Silver Jewelry Demand Surges Amid Festivals and Exports
Impact of High Gold Prices: Minimal Volume Growth Expected in FY24
The surge in gold prices is anticipated to have a dampening effect on the demand for gold jewellery, leading to minimal volume growth for organised gold jewellery retailers in the fiscal year 2023-24 (FY24).
Jewellers getting more inquiries for gold after RBI withdraws Rs.2,000 notes; no panic buying
Jewellers in India have started receiving more inquiries for purchase of gold or silver immediately after the Reserve Bank's announcement to withdraw Rs.2,000 notes from circulation.
GJEPC Signs Mou With Ebay To Boost Retail Exports Of Gems & Jewellery From India
- * eBay will enable jewellers to have access to international buyers through eBay Marketplace
- * GJEPC to launch an eCommerce Promotion and Facilitation Desk (“EPFD”) at all its 6 Regional Offices
World Gold Council Expects India's H2 Consumer Demand To Remain Soft
WGC examines how the combination of high risk, low opportunity cost and positive price momentum looks set to support gold investment
Will RBI's Relief Measures Work for G&J Industry?
While the Coronavirus Pandemic may be brought under control due to the total lockdown, the Indian economy may need ventilator support in the near future. Industry veterans discuss the problem and suggest solutions…
Banks curb exposure to gems and jewellery industry
Banking exposure dropped ₹4,400 crore to ₹65,700 crore over the year according to latest data issued by the Reserve Bank of India
The GJEPC dialogue session with the banking industry aims to mitigate concerns & regain trust for the sector
The paper will aim to address critical banking issues like assessment of credit limit, collateral security, related party transactions, inventory avluation , subsidiary financing guidelines and more.
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