Uday Kotak has proposed a dedicated committee to examine India’s rising gold imports, with the country’s FY27 gold import bill potentially reaching dollar 88–90 billion.

Gold prices eased as higher oil prices raised inflation concerns and strengthened expectations that central banks may keep interest rates elevated for longer, weighing on the non-yielding asset.

As India raises gold import duty from 6% to 15% amid economic pressure and a weakening rupee, the jewellery industry is preparing for higher prices, evolving demand, and possible market disruption, discovers Khursheed Mistry.

Gold and silver exchange-traded funds declined up to 4% in India after crude oil prices surged and the US dollar strengthened, dampening bullion sentiment and delaying expectations of global interest-rate cuts.

Gold marked a fourth straight weekly loss on Friday, having hit its lowest since late September

As Covid-19 recedes and the kamurta period ends, weddings are being organized in a big way again, leading to high demand for gold

India has clarified the nature of a gold discovery in Uttar Pradesh, after a government official said on Saturday that fields with reserves of more than 3,000 tonnes of gold ore had been found, prompting a flurry of activity on social media

She ruled out any possibility of reduction in import duty citing that the country does not produce gold within its borders

The revival of Kolar mines is expected to help the government bring down its import bill.

The House of Rose has been offering design difference, masterful craftsmanship, strong technique, trust, value and an experience that is a benchmark in luxury retail since the last 35 years.

The new collection is aimed at the festive season and urban Indian women, who believe in style with simplicity.

The Club now includes three Indian members

Jonathan Oppenheimer to move up to the Chairman's Office in the second quarter of 2006