RBI’s Tougher Gold Loan Rules May Push Borrowers Away from Banks, Back to Informal Lenders
The Reserve Bank of India’s recently updated rules on gold-backed lending have sparked concern among policymakers and financial experts, who warn that the new requirements could inadvertently cut off access to credit for millions of informal and rural borrowers.
RBI’s Repo Rate Cut Welcomed as a Boost for Economic Growth and Gold Investments
Dr. Renisha Chainani, Head of Research at Augmont, has welcomed the Reserve Bank of India’s consecutive repo rate cuts, highlighting their potential to ease financial burdens, stimulate economic growth, and bolster confidence in gold as a trusted investment amid changing market dynamics
Central Banks Sustain Gold Buying Momentum Amid Market Volatility
November saw central banks continue their aggressive gold acquisitions, with Poland leading the charge and China re-entering the market, underscoring gold’s lasting appeal as a stable asset
World Gold Council: Festive Season Expected to Boost India's Gold Demand Despite Record-High Prices
As the festive season approaches, the Indian gold market is showing promising signs of recovery, despite facing challenges from record-high prices and recent fluctuations in demand
GJEPC Delhi Holds Seminar on Cyber Crime Prevention
The GJEPC Delhi Regional Office, in partnership with Delhi Police, hosted a seminar on 'Cyber Crime Prevention', aimed at safeguarding the gem and jewellery industry
GJEPC Voices Concerns Over EDPMS System and Customs Procedures at Delhi Meeting
The Gem and Jewellery Export Promotion Council (GJEPC) raised critical issues impacting jewellery exporters during a meeting with Delhi Customs on August 28, 2024
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
RBI Bolsters Gold Reserves by $5.6 Billion in Q2 Amid Global Economic Uncertainties
In a strategic move reflecting heightened global economic uncertainties, the Reserve Bank of India (RBI) significantly bolstered its gold reserves by $5.6 billion during the April-June quarter
Riding the Golden Wave: Factors Driving the Soaring Demand for Gold
Gold, long heralded as a safe haven asset, is currently experiencing a surge in demand, propelling its prices to unprecedented highs
RBI's Gold Reserves Surge by 27.46 Metric Tonnes in FY24
The Reserve Bank of India (RBI) witnessed a notable expansion in its gold reserves during the fiscal year 2024, with an increase of 27.46 metric tonnes reported by the end of March
The government permits banks to import gold from the UAE with reduced import duties
Indian banks have been given permission to import gold from the UAE at a discounted duty rate under the countries' FTA, according to government officials
Banking Institutions Appeal to RBI for Permission to Provide Silver Metal Loans to Jewellery Manufacturers
Point to Gold Loan Triumph as Silver Jewelry Demand Surges Amid Festivals and Exports
Government Introduces Sovereign Gold Bond Scheme 2023-24
The government has recently unveiled the highly anticipated Sovereign Gold Bond Scheme for the year 2023-24. Starting 19th June, interested investors can subscribe to these bonds and take advantage of the scheme's attractive features.
Impact of High Gold Prices: Minimal Volume Growth Expected in FY24
The surge in gold prices is anticipated to have a dampening effect on the demand for gold jewellery, leading to minimal volume growth for organised gold jewellery retailers in the fiscal year 2023-24 (FY24).
Jewellers getting more inquiries for gold after RBI withdraws Rs.2,000 notes; no panic buying
Jewellers in India have started receiving more inquiries for purchase of gold or silver immediately after the Reserve Bank's announcement to withdraw Rs.2,000 notes from circulation.
