Gold imports down in December, says trade bodyIn January, imports are likely to be quite low unless the government comes out with favourable policies, the body said.
Traders fear fresh restrictions on gold imports after government withdraws 80:20 schemeSome traders believes that its prudent to exercise caution in importing gold because govt might make fresh restrictive measures to contain ...
Gems and Jewellery Federation urges government to avoid imposing new curb on gold importIn value terms, gold imports have touched 150 tonnes in October, as against 24 tonnes during the same period a year ago.
Budget 2014: Gems and Jewellery Trade Federation demands scrapping of 80:20 scheme; import duty cut to 2%GJF in its wishlist for the upcoming Union Budget, asked the Finance Minister to abolish 80:20 rule for gold import and cut import duty to ...
Gold import may increase by 10-15 tonnes/month: GJFThe Reserve Bank of India (RBI) eased gold import norms by allowing select trading houses, in addition to already permitted banks.
Jewellery trade body appeals to Chidambaram to restrain revenue officials from pressurising jewellersGJF faxed an urgent appeal to the Chidambaram requesting him to hold back the revenue department officials from going after jewellers.
Relax gold import norms, slash import duty to 2 per cent: All India Gems and Jewellery FederationThe government should slash import duty on gold to 2 per cent from the existing 10 per cent and relax other shipment norms, feels industry ...
Gold import likely to be less than 500 tonne in FY14: GJFGold imports are likely to be less than 500 tonne in the current financial year if the government does not relax the import restrictions, a...
Gold demand halves despite fall in pricesSupply crunch has also affected demand in South India that consumes nearly 40% of the imported gold.
All India Gems and Jewellery Trade Federation seeks measures to rescue gems, jewellery tradeGJF today sought measures, which includes reducing import duty to five per cent and bringing back stand-by letter of credit, to "rescue" th...
Dhanteras: Gold may cross Rs 33,000 level on supply squeezeThe all-time record for gold prices is Rs 34,500 per 10 grams in the New Delhi market. The precious metal hit this level on August 28 this ...
Gold imports may pick up, touch 725 tonnes in FY'14: GJFThe country's total yellow metal consumption is around 900 tonnes a year, of which 600 tonnes goes into manufacturing and 300 tonnes into i...
Trade body proposes plan to bring idle gold into circulationThe top body of gems and jewellery industry today unveiled a model that will help its members to grow business.
Import duty hike kills gold lovers’ Dubai dreamsIndians who were planning to shop in Dubai's gold souk for jewellery or aspiring to wear Italian jewellery this festival season may have to...
Gold imports likely to dip by about 24% to 38 tonnes in JuneThe central bank had said the trade deficit has widened during April-May due to surge in festival related or seasonal gold imports.
GJF suggests slew of measures on gold frontJewellers body GJF today suggested a slew of measures, including making at least partial use of 25,000 tonnes of the precious metal lying i...
Budget 2013: GJF lauds FM for not increasing import duty on goldThe All India Gem and Jewellery Trade Federation (GJF) has lauded Finance Minister P Chidambaram for not increasing the import duty on gold.