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.

India’s gem and jewellery exports rose 3.14% to $2.30 billion in August, led by a 51.22% increase in studded gold jewellery exports, while plain gold and silver jewellery remained under pressure.

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.

Strong jewellery sales and higher store footfall at Titan indicate that consumer demand for gold remains resilient despite calls to curb purchases and a higher import duty.

The government plans to make silver jewellery hallmarking mandatory from October 2026, expanding BIS oversight as silver consumption, prices and jewellery trade volumes rise.

India’s INR 7 lakh crore jewellery market is seeing lower gold volumes but higher consumer spending, prompting retailers to focus on lightweight, lower-carat and studded jewellery.

Priority Jewels Limited's Rs 91.50 crore IPO opens August 28 and closes September 1, with the Mumbai-based B2B jewellery manufacturer listing on NSE and BSE on September 4.

India’s gem and jewellery exports rose 2.44% to $9.17 billion during April-July 2026, supported by studded gold, silver and platinum jewellery despite weaker diamond shipments.

India’s jewellery exports increased 2.44% despite a decline in diamond shipments, reflecting differing trends across jewellery categories and continued pressure on the country’s diamond trade.

Senco Gold reported 67% year-on-year revenue growth in Q1 FY27, with retail sales rising 50% and the showroom network expanding to 209 stores by June 2026.

MCX silver futures rose Rs 2,134 per kg on August 10, while gold declined Rs 360 as investors booked profits and awaited US inflation data for rate cues.

India’s gem and jewellery exports increased 26.51% year-on-year to $2.21 billion in June 2026, driven by stronger global demand, lower gold prices and growth across key product categories.

India’s gold market slowed through May and early June as higher import duties, price volatility and seasonal factors curtailed jewellery demand, while ETF outflows and imports also declined.

Platinum Guild International’s 2025 Business Review says platinum jewellery demand rose across major markets despite high gold prices, tariffs and manufacturing pressures, with resilience expected to continue into 2026.