DMCC Sets New Benchmark with World’s Largest Silver Bar and First-Ever Tokenisation Initiative
DMCC unveils a record-setting 1,971kg silver bar at DPMC, partnering with Sam Precious Metals, Tokinvest and Brink’s to introduce the world’s first regulated tokenisation of a Guinness-recognised precious metal asset.
India Seeks to Reevaluate India-UAE Trade Pact Amid Concerns Over Precious Metal Imports
The Indian government is pushing for revisions to the India-UAE Free Trade Agreement, following recommendations from the Global Trade Research Initiative (GTRI) to withdraw duty concessions on precious metals and jewellery
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 Prices Rise, Deter Buyers in India and China
In India, anticipation of potential import duty cuts in the upcoming budget adds further complexity to market dynamics, while in China, retail and wholesale demand reflect the strain of elevated prices
GJEPC Chairman presents pre-budget recommendations during a consultation meeting with the Hon'ble Finance Minister
GJEPC Chairman Shri Vipul Shah presented key recommendations for the gem & jewellery trade at today's pre-budget meeting with Union Finance Minister Smt. Nirmala Sitharaman
Government Imposes Restrictions on Gold Jewellery and Parts Imports Amid Unusual Surge
In response to a significant increase in gold jewellery and parts imports, the Commerce and Industry Ministry has imposed immediate restrictions, as indicated by a recent notification from the Directorate General of Foreign Trade (DGFT)
Silver ETFs Surpassing Gold in Investor Interest
Recently, the spotlight in the investment world has turned to precious metals, particularly gold and silver, as investors react to renewed expectations of U.S. interest rate cuts anticipated in June
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
Union Budget 2024-25: GJEPC’s Recommendations To the Government To Propel Gem & Jewellery Exports
GJEPC, the representative body for India's international gem and jewelry trade, has put forth numerous suggestions to the Government in anticipation of the forthcoming budget
Drop in Gold Price this July
Gold marked a fourth straight weekly loss on Friday, having hit its lowest since late September
Indian gems & jewellery get preferential access to Australia
The India-Australia trade agreement is expected to unlock millions of dollars of additional trade due to the preferential access accorded to India’s gem and jewellery exports to Australia
Silver jewellery demand to grow 11% In 2022; India the driving force
According to Silver Institute, India remains the driving force, assisted by improving consumer sentiment
GJEPC asks for duty cuts in its Budget proposals to Government
Some of the major aspects of budget representation are duty cuts primarily for gold, cut and polished diamonds, precious and semi-precious gemstones
Orra offers new jewellery for Diwali
Orra recently collaborated with fashion couturier Falguni Shane Peacock to introduce its first ever designer bridal jewellery line
Exemption of AIDC on Gold/Silver Bars and Dore to Boost Jewellery Exports: GJEPC
The Finance Ministry has issued a notification dated 17th February 2021, of the amendments made to the finance bill 2021 with regards to the Agriculture Infrastructure and Development Cess (AIDC) exemption on gold/Silver bars and dore for exporters
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