India’s Gem & Jewellery Exports Show Resilience Despite Global Headwinds: GJEPC Chairman Kirit Bhansali
GJEPC Chairman Kirit Bhansali highlights steady April–October export performance, seasonal October softness, policy-driven competitiveness, and the real context behind gold import trends, outlining a confident growth trajectory for India’s gem and jewellery sector.
India’s Gems & Jewellery Market Set to Hit USD 168.62 Billion by 2030, Reports TechSci Research
India’s gems and jewellery industry is on a strong growth trajectory, with the market projected to reach USD 168.62 billion by 2030, up from USD 100.94 billion in 2024, according to a new report by TechSci Research. Anchored in cultural tradition and fuelled by rising disposable incomes, the sector continues to thrive despite global headwinds
India’s Festive Gold Buying Surges Despite Record Prices
As Dhanteras and Diwali draw near, Indian consumers are actively purchasing gold despite record-high prices, driven by hopes for strong returns amid a cooling stock market. This surge in demand may further elevate global gold prices and impact India's trade balance, indicating a robust festive buying sentiment
India’s Gold Duty Cut Expected to Drive Festive Buying Surge
India's recent gold import duty cut is expected to spark a surge in gold demand during the upcoming festive season. With duties reduced from 15% to 6%, the move aims to make gold more affordable for consumers and boost retail purchases amid the peak wedding and festival period
The Indian Jewellery market has grown from USD 50b in FY18 to USD 80B in FY24
Motilal Oswal Financial Services Ltd (MOFSL) suggest that the size of the Indian jewellery retail sector was close to USD80b (INR6,400b) in FY24
Gold Prices Set for Largest Weekly Decline Since December
On Friday (April 26), the precious metal saw a modest uptick of 0.1%, reaching $2,334.57 per ounce, while US gold futures edged up by 0.2% to $2,346.70
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.
Gold Prices Are Facing Volatility
Gold prices in most parts of India have fallen more than Rs 1,000 per 10gm of 24-carat in the past two days
Titan Share Prices down 10.8% due to rising gold prices
The stock reportedly touched a low of Rs 1,116.20 on the BSE, its biggest slide since June 2013
Gold prices rise; Silver falls on account of Akshay Tritiya
Gold rates of 99.9 per cent and 99.5 per cent purity advanced by Rs 75 each to Rs 32,720 and Rs 32,550 per 10 gram, respectively, in Delhi, while silver falls by Rs 70
Bliss by Diagold
A new range of Diamond Jewellery for this festive season
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