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Local council for gem & jewellery to be launched on January 31While the DC will be launched at the month-end, its structure will take a few more months to be put in place.- Panel to discuss formation of local council for gem & jewelleryIndia imported a net 236.9 tonnes of bullion in Q3 of 2018
- Precious Metals Assay and Training Institute launchedA qualified assayer is a person who is proficiently trained in verifying the purity of gold in ornaments, coins and bars and must adhere to...
- Keralites may sell gold to rebuild homes: ExpertsAs flood waters recede, it’s probable that there could be an influx to pledge gold with Kerala-based NBFCs.
- GJC not part of working group for gems councilGJC’s website says that it represents “interests of over three lakh gem and jewellery business” from across the country.
- Trade hails ban on gold imports from South Korea"The ban on gold imports from South Korea has happened faster than we expected and is most welcome , " said Surendra Mehta.
- Unscrupulous traders using South Korea route to bypass import duty, claim sourcesThe government has initiated investigation into alleged complaints of misuse of the CEA by certain gold traders. Last week it issued a circ...
- need2know: 8 macro cues for your day on D-StreetThe slowdown in exports may mark the beginning of trouble ahead, said exporters.
- Ban on exports of jewellery and articles above 22 carat will check round tripping: K SrinivasanOn Monday, the commerce ministry issued a notification extending the ban of coins, medallions and jewellery above 22 carat from Special Eco...
- Government issues circular to prevent misuse of FTA with South Korea , ASEAN" This is the first step (by the government) and could be a potential deterrent against misuse of the ASEAN FTA, " said Surendra Mehta, nat...
- AGRM expresses concern at “huge pricing disadvantage” faced by gold refineries,bullion importing banksBanks and other nominated agencies import gold bullion at 10%. Now, they will also have to pay 3% IGST on import, taking their cost to 13%.
- Trade associations pitch for export of Indian gold barsBars made from imported dore, or raw gold, by Indian refiners be allowed for export at international spot rate, IBJA suggests.
- Gold refining picks up as smuggling falls after note banRefining activity has shot up 25% after March versus the same time last year, said James Jose, secretary, Association of Gold Refineries an...
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