Kotak Calls For Panel To Review Rising Gold Import Burden
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.
Old Gold Sales Rise as Prices Cross INR 1.6 Lakh
Rising gold prices are prompting Indian consumers to sell old jewellery for cash, while organised jewellers expand cash-for-gold programmes to increase recycled gold supply.
Cash-for-Gold Gains Ground as Jewellers Prepare for Festive Demand
Organized jewellers are expanding cash-for-gold programmes ahead of the festive season as elevated bullion prices affect fresh demand and retailers seek greater access to recycled gold.
Government may revive gold deposit scheme to unlock idle household gold
The government is considering changes to its gold deposit framework, including a role for jewellers, to bring more privately held gold into the financial system and reduce import dependence.
Augmont Expands ‘Recycle with Resilience’ Campaign with AI Gold Purity Evaluation Initiative
Augmont has launched the next phase of its ‘Recycle with Resilience’ campaign from Mumbai, introducing AI-powered purity evaluation in Chennai to promote transparent, organized gold recycling across India.
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.
GJC Opens Mumbai Office, Submits Gold Monetization Scheme Roadmap
The All India Gem & Jewellery Domestic Council inaugurated its Mumbai office on May 14 while urging industry support for revised gold duty measures and proposing a structured Gold Monetization Scheme roadmap.
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 flags tax, duty and regulatory priorities ahead of Budget 2026
Ahead of the Union Budget 2026–27, leading jewellery retailers, manufacturers and industry bodies outline expectations on GST, import duties, exports, digital gold regulation, working capital, and policy reforms to strengthen growth.
IGPC (IIM-A) to find ways bring household gold in circulation
A centre at the Indian Institute of Management Ahmedabad (IIM-A) is conducting a nation-wide survey to finalize the list of incentives to bring into circulation a part of the 25,000 tonnes of household gold into circulation
GJC bats for rollback on gold import duty hike
The lack of demand in the gem & jewellery has resulted in many craftsmen and artisans being out of work and shifting to other businesses, where they are getting employment
Taking advantage of gold prices rally, Indians sell old gold jewellery
Gold prices have already rallied 19% in 2019 due to worries over global economic growth from a prolonged US-China trade war, geopolitical tensions on Iran and US Federal Reserve rate jitters
Banks curb exposure to gems and jewellery industry
Banking exposure dropped ₹4,400 crore to ₹65,700 crore over the year according to latest data issued by the Reserve Bank of India
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