Malabar Gold & Diamonds opens its showroom at Vaishali Enclave, Pitampura, Inaugurated By Bollywood Star Anil Kapoor
Malabar Gold & Diamonds, the Responsible Jeweller and the world’s fifth-largest jewellery chain, has opened its showroom at Vaishali Enclave, Pitampura, further strengthening its footprint in Delhi
World Gold Council Urges Government to Maintain Gold Import Duty in Budget 2025
The World Gold Council (WGC) has expressed concerns about the potential hike in gold import duties in India’s upcoming Union Budget for 2025
India's Gold Market Sees Surge in Demand After Import Duty Cut
India’s gold market is witnessing a significant boost in demand following a major reduction in import duties
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
Budget 2024-25 a recipe for growth, industry leaders say
Finance Minister Nirmala Sitharaman’s Budget has been hailed by the gems and jewellery industry, with stakeholders calling the duty cuts a long-awaited step in the right direction
Surat SEZ Sees Sharp Decline in Gems and Jewellery Exports Amid Global Tensions and Regulatory Crackdown
The export of gems and jewellery from Surat’s Special Economic Zone (SEZ) at Sachin experienced a significant drop in the past financial year, plummeting by half in value compared to 2022-23
Malabar Gold & Diamonds hits record turnover: Exceeds Rs 50,000 Cr
Currently, Malabar Gold & Diamonds operates 345 stores across 13 countries, with plans to open new stores in New Zealand, Egypt, Bangladesh, and more locations in Europe
Union Budget 2024: Gem and jewellery industry concerns not addressed
The Budget has not addressed any of the concerns of the gem and jewellery industry, leaving the industry disappointed
Raid on jewellery shop for alleged smuggling: India sees over 340 tonnes of gold smuggled into the country each year
The recent raid by the Directorate of Revenue Intelligence (DRI) and STF Punjab on a jewellery shop in Sarafan Bazaar has caused an uproar among the community. The shop's owner has been arrested for allegedly smuggling gold into India from Dubai.
Budget 2023: What Jewellers Want?
Finance Minister Nirmala Sitharaman will present the budget on the Parliament on February 1, 2023. With the approaching central elections, popular consensus on this year’s budget is that it would be growth-oriented, with a focus on infrastructure, inflation, manufacturing and rural economy
Founder of Malabar Gold & Diamonds, MP Ahammed demands a reduction in import duty to curb gold smuggling
A reduced import duty will make gold smuggling less attractive and will eventually drive the illegal gold out of the markets.
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
Industry Revels in New Budget Announcements-Union Budget 2021
Customs duty on gold and silver decreased to 7.5 per cent from 12.5 per cent with an addition of 2.5 per cent AIDC (Agri Infra & Development Cess) – in effect reduced to 10 per cent -- applauded unanimously by the whole G & J industry
Reduction In Customs Duty On Gold And Silver Brings Huge Relief to G & J Industry
Customs duty on gold and silver decreased to 7.5% from 12.5% with an addition of 2.5% AIDC (Agri Infra & Development Cess) – in effect reduced to 10% -- applauded unanimously by the whole G & J industry
Malabar Group Urges Govt To Reduce Tax Rate
Malabar Group chairman MP Ahammed said the government should create an enabling environment for the jewellery retail trade to introduce MRP pricing in the segment without any pricing break-up in terms of GST or other taxes
