Jewellery Industry Backs Gold Conservation Push Amid Duty Hike Concerns
As India raises gold import duty to 15%, leading jewellery players and trade bodies support gold conservation measures while warning of liquidity pressure, export challenges and rising risks to MSMEs.
Imports account for 86% of India’s gold supply between 2016-2020: WGC report
Indian official imports have continued to grow despite high import duty, averaging 760t since the first duty hike in 2012
Bullion exchange to solidify India’s image as gold trading hub: GJEPC
The GJEPC has been propagating the benefits of setting up a Bullion Exchange that can focus on price discovery
Weddings, Lower Prices Drive Up India's Q1 Gold Jewellery Demand: WGC
According to World Gold Council’s (WGC’s) latest Gold Demand Trends report, India’s Q1 demand for gold grew 37% to 140 tonnes compared to Q1 2020 (102 tonnes) buoyed by factors such as lower gold prices
CRISIL downgrades PC Jeweller Ltd's ratings to default grade
As per the Rating Rationale "the downgrade in the rating factors in the instances of devolvement of Letter of Credits (LC) and overutilization in working capital limits for more than 30 days
At 3% GST rate, gold jewellery demand to be unaffected, says Icra
The 3 percent tax on gold jewellery is not likely to cause any major disruption to the overall gold demand, ICRA said in a report.
PC Jeweller launches new showroom in Delhi
This will be the company's 58th showroom and 9th showroom in Delhi.
Tara Jewellers launches Facebook contest for new Akshay Tritiya collection
To mark the favourable day of Akshaya Tritiya, a special collection with a mix of heavy and light weight gold jewellery has been created and a Facebook contest launched.
India's C&P diamond exports dip by 24%
Gold jewellery exports increase by 40%
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