India Extends Mandatory Hallmarking to Include 9-Carat Gold
In a major consumer protection move, the Indian government has extended its hallmarking mandate to cover 9-karat gold jewellery, effective July 2025. Previously, hallmarking requirements only applied to gold pieces of 14K, 18K, and 22K standard.
Gold Hallmarking Initiative Sees Significant Growth in 2024, Boosting Consumer Confidence: Department of Consumer Affairs
The Department of Consumer Affairs (DCA) has marked 2024 as a milestone year for its gold hallmarking initiative, reporting significant progress in ensuring the authenticity and quality of gold jewellery across India
The Case for Uniform Gold Pricing Across India
The Indian jewellery industry has been pushing for a unified gold pricing system under the "One Nation, One Rate" initiative to eliminate regional pricing disparities. With growing momentum and widespread industry support, the demand for a transparent pricing solution appears to be within reach, finds out Anjana Vaswani
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
Drop in Gold Prices Boosts Jewellery Sales in Tiruchi
The jewellery market in Tiruchi is experiencing a surge in activity following a reduction in the basic customs duty on gold, silver, and platinum. The Union Budget's cut has lowered the customs duty on gold and silver to 6% and on platinum to 6.4%, down from the previous rate of 15%
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
Gold Industry Calls for Hallmarking of 9-Carat Jewellery Amid Soaring Prices
As gold and silver prices surge to unprecedented levels, the gold trade has urged the Bureau of Indian Standards (BIS) to introduce hallmarking and Hallmarking Unique Identification (HUID) numbers for 9-carat gold jewellery
World Gold Council CEO David Tait Foresees Bright Demand for Safe-Haven Gold in 2024 Amid Geopolitical Uncertainties
David Tait, CEO of the World Gold Council (WGC) headquartered in London, predicts that gold demand in India and worldwide will remain robust throughout 2024
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
World Gold Council members commit to enhanced supply-chain transparency
The World Gold Council announced that its members, who represent the majority of the global large-scale gold mining industry, have committed to providing enhanced transparency in the gold supply chain
UAE awaits 15% import duty reduction on gold with bated breath
UAE gold trade and Indian shoppers will keenly follow any change on Budget day.
Mexican Trade & Tequila Discussed at GJEPC’s India Global Connect
Mexico producing 100 metric tonnes of gold each year, gives it highest potential for gold trade with India
Gold price discounts go up to nearly highest in one month
Gold dealers have been forced to offer discounts over official prices amid subdued physical demand in India
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
UAE's Gold And Jewellery Industry Is Set For Its Biggest Makeover
The UAE's gold and jewellery industry is all set to see its biggest reforms ever
