Silver Hits Historic $100 as Gold Nears $5,000 an Ounce
Silver surged above $100 per ounce for the first time ever, while gold reached record highs near $5,000, driven by strong safe-haven demand and tight physical supplies amid global economic uncertainties.
Indian Government Raises Customs Duty on Gold-Alloy Imports to Close Loophole
The Indian Government has increased the customs duty on imports of gold alloys under the Comprehensive Economic Partnership Agreement (CEPA) with the UAE, aiming to close a loophole exploited by bullion dealers that led to significant market distortions and revenue loss
GJC’s Gems and Jewellery Banking Summit Advocates for Enhanced Financing Support
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'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.
WGC: India Ranks Fourth in Global Gold Recycling with Refining Capacity of 1800 Tonnes as of 2021
The World Gold Council today launched a report titled ‘Gold Refining And Recycling’
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
Gold imports may dip 30% this month
Prices rose earlier this month despite concerns ebbing over a prolonged US-China trade war, even as global investors await further clarity from “phase one” of the trade deal
Hallmarking of gold could significantly alter market dynamics
The BIS has formulated standards for gold jewellery of three grades — 14, 18 and 22 carat
1,197.7 kg of smuggled gold seized in the April-June quarter
The illegal trade could rise further in coming months as India, raised an import tax on gold by 2.5 per cent to 12.5 per cent in July’s federal budget, effectively increasing smugglers’ margins
IBJA tightens rules on sale of impure gold; police and tax complaints to follow
This decision proceeds from a spate of complaints on impure 24 carat bars being received by jewellery makers from states like Delhi, UP, MP and Maharashtra
Ahead of election results, jewellers and traders stock gold
Jewellers seem to be stocking gold as the price level is comfortable and there is no premium on gold. Investors too are seen taking an interest in gold.
Encourage Bullion Investments in Post Offices: IBJA
The Indian bullion dealers and jewellers have requested the government to begin gold accumulation schemes through post offices.
4th Edition of IBJA's India International Bullion Summit concludes in Mumbai
The annual conclave touched upon various grave issues related to bullion and jewellery industry in India.
Titan anticipates Rs. 1,400 crore revenue from gold scheme next fiscal
New GHS, in spite of being compliant with interest rates, had lost steam due to regulations and Titan faced a tough time this fiscal wooing its customers back.
Colour gemstone jewellery from Dwarkadas Chandumal Jewellers
The collection is festooned with a plethora of diamonds and gemstones with vivacious summer shades.
- 1
- 2
