Kalyan Jewellers Launches Gold4India Initiative to Promote Gold Recirculation
Kalyan Jewellers launched the Gold4India Initiative on May 12 to promote gold recirculation, reduce import dependence by five tonnes, formalise monetization channels, and encourage responsible jewellery consumption in India.
PNG Jewellers Launches Swarna Swaraj Initiative
PNG Jewellers on May 13 launched Swarna Swaraj from Pune to promote domestic gold recirculation, lower-karat jewellery adoption and responsible consumption following Prime Minister Narendra Modi’s appeal on gold imports.
Jewellery Industry Backs Gold Conservation Push Amid Duty Hike Concerns
As India raises gold import duty to 15%, leading jewellery players and trade bodies support gold conservation measures while warning of liquidity pressure, export challenges and rising risks to MSMEs.
Gold Demand in India Expected to Cool in 2025 Amid Rising Prices: WGC Report
India's gold demand is expected to moderate in 2025 due to record-high prices, which are likely to reduce jewellery consumption despite strong investment interest, the World Gold Council (WGC) reported on Wednesday
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
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
WGC Calls for Guidelines on Digital Gold Market in India
The World Gold Council (WGC), an international trade association, has urged India's finance ministry and the Reserve Bank of India (RBI) to establish clear guidelines and regulatory frameworks for the burgeoning digital gold business in the country
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
Dhanteras 2023: Retailers, customers had a blast!
This year’s Dhanteras jewellery sales have been significantly better than the previous year’s, with the buying fervour extending beyond just gold to diamonds, silver and coins as well, discovers Suneeta Kaul
India's Gold consumption sees a 3% drop in 2022
India's gold consumption declined to 774 tonnes last year as demand dropped 20%.
Government increases import tax on gold by 5%
Government increases import duty on gold to 12.5% from 7.5%
Gold imports see a decline in 2020-21
However, gold consumption increased to 797.3 tonnes in 2021, the highest in the past five years, according to the WGC
Gold Prices In India Discounted For First Time This Year
Physical gold prices in India moved to a discount over official domestic rates
True or Not Thursday: Is price volatility and economic conditions affecting gold demand?
Inflation, job losses, recession and the overall financial crisis – have these affected how people look at gold in India? A market that is primarily driven by weddings, has the current economic scenario played a spoil sport when it comes to buying gold? Jewellery retailers across India present their views
Silver Imports May Dip To Lowest Level In Recent Times
Unlike gold, silver prices show greater fluctuation and so does its demand and supply
