Domestic Gold Jewellery Industry Set for Strong Growth in FY25, Despite Volume Challenges: ICRA Report
The domestic gold jewellery industry is projected to grow by 14-18% year-on-year in FY25, according to an ICRA report, despite expected volume contraction
Titan Reports 23% Drop in Q2 Profit Amid Gold Import Tax Cut
Titan reported a 23% decline in its Q2 profit due to inventory losses and shrinking margins, attributed to the reduction in customs duty on gold imports. Despite this, the company saw strong growth in its jewellery and watches segments
Investors Turn to Gold ETFs Amid Absence of Sovereign Gold Bonds and Favorable Tax Changes
Investors are increasingly turning to gold ETFs amid the lack of new Sovereign Gold Bonds, driven by favorable tax changes and geopolitical uncertainties
Government Set to Increase GST on Gold and Silver to 5%
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
Jewellery Stocks Glitter for Second Consecutive Day Following Customs Duty Reduction; Kalyan Jewellers Soars 15%
Jewellery stocks continued their upward momentum for a second straight day on Wednesday as investors responded positively to the reduced customs duties
All India Gem & Jewellery Council Seeks Customs Duty Reduction in Pre-Budget Recommendations
The All India Gem & Jewellery Domestic Council advocates for a reduction in customs duties, presenting crucial pre-budget recommendations
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