Titan Company, one of India's leading jewellers and the owner of Tanishq and CaratLane, anticipates higher costs for leasing gold from bullion banks as supply dwindles. The company attributes this trend to bullion banks redirecting gold shipments to the U.S. for better profits, creating supply constraints elsewhere

The GJEPC has been propagating the benefits of setting up a Bullion Exchange that can focus on price discovery

On the Onset of Hong Kong losing its privilege status for preferential economic trade with the US, India sees brighter days ahead for Gems and Jewellery exports

India is the world's second largest consumer of gold. Today, prices of gold are rocketing leaving consumers in a fix…

According to the recent Ind-Ra report -- Jewellery demand was slow since the beginning of 2020. Gold jewellery demand had already slowed down in FY20 in terms of tonnage and revenue due to the economic slowdown

Prices rose earlier this month despite concerns ebbing over a prolonged US-China trade war, even as global investors await further clarity from “phase one” of the trade deal

The decline in exports is mainly due to a decline in demand in the main export markets following the US-China trade war, protests in Hong Kong and the implementation of VAT in the Middle East

The yellow metal is likely to continue to remain bullish till the end of the year mostly due to sustained Central bank buying, geopolitical uncertainties and possible year-end squaring of positions in equities boosting appeal for safe-haven gold

The gem and jewellery industry is already in doldrums as the domestic demand is almost wiped out due to high gold prices and back-breaking import duty of 12.50 per cent on gold, said a leading jeweller

Gold futures were trading around 38,100 rupees per 10 grams after hitting a record high of 39,885 rupees last month

Indian gems and jewellery exports dipped $3.34 billion against $3.56 billion logged in September 2018

In the five months of FY20, exports declined 6 per cent to Rs 1.07 lakh crore

Alongside, they said, some people have used the opportunity to exchange old gold for cash as well

Gold prices sustained an upward trend in past few weeks and surpassed the $1,550 per ounce mark for the first time in more than 6 years on Monday due to the US-China trade war, geopolitical tensions in the region and slowdown in global economy