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HARSHAD AJMERA
Indian April gold imports fall to near 30-year low as tax demand hits shipmentsIndia’s gold imports in April are set to fall to around 15 metric tons, a near 30-year low, as banks halted shipments following a 3% IGST d...- Record gold prices in India fail to unlock scrap supplySupplies of used gold jewellery and coins in India remain scarce despite record-high prices, as investors expect further gains and prefer h...
- Indian gold-dealers pump up discounts, China demand steadyPhysical gold dealers in India had to offer the biggest discounts in over a year to attract buyers who were deterred by record-high gold pr...
- India's spends record $55.7 billion on gold imports in 2021: Govt sourceThe 2021 gold import bill easily doubled the $22 billion spent in 2020, and surpassed the previous high, set in 2011, of $53.9 billion, acc...
- Gold demand remains subdued despite easing Covid restrictionsBullion dealers said jewellers are not keen to restock despite discount offers as consumers continue to stay away from marketplaces on fear...
- Government plans to make BIS hallmarking mandatory for gold jewelleryThe Centre plans to notify the new regulation in the World Trade Organisation (WTO) in a week’s time, said Anantha Padmanabhan, chairman, A...
- Trade bodies make conflicting remarks on raids involving hallmarkingAn official in BIS’s Delhi headquarters said he was not aware about any such raids.
- Gold hallmarking still at 50%; trade to add more centresIn FY17, 475 tonnes of gold were hallmarked.
- Gold jewellery sector calls for clarity on 20, 23-carat hallmarkingTraders said that though the government is set to introduce mandatory hallmarking for 14, 18 and 22-carat jewellery from January 2018.
- Enabling provision for mandatory hallmarking of gold kicks in from October 12Currently, hallmarking of jewellery is voluntary, with just 20000 of 3 lakh jewellers countrywide having a BIS license, said sources.
- More hallmarking centres to come up with about 100 centres submitting applications to BISIn 2015-16, about 370 lakh jewellery pieces weighing 500 tonnes were hallmarked at the 375 BIS-recognised hallmarking centres in the countr...
- Gold trades flat on MCX ahead of Fed meetWhile paper gold traders are focusing on intraday bets, demand from jewellery buyers is seeing a gradual pick up.
- Gold gains on trouble in Ukraine; Indian jewellers build up inventory ahead of festive seasonHowever, the metal still remained below the psychological $1,300 an ounce mark, persuading jewellers and bullion dealers in India to stock ...
- Gold demand ticks up on fall in global ratesThe domestic gold takes price cues from overseas markets as India imports most of the 800 tonne of the metal it consumes annually.
- Gold demand likely to improve in a week amid festivalsThe government recently dashed the bullion industry’s hopes by leaving gold import duty untouched at 10 per cent.
- Gold prices stay flat amid thin demand as overseas rate easesMCX gold for October delivery, which closely reflects the spot rate, traded at Rs 28,630 per 10 gm, Rs 3 below the closing price on the pre...
- Gold demand likely to improve in a week amid festivalsMost jewellers were looking for a rationalisation of the duty and expected a 200-basis point cut in the July 10 budget. A basis point is on...
- Gold rises marginally after steep drop on MondayDemand for paper gold rose 8.68 metric tonnes to 808.75 tonnes on Monday, the most since October 2012.
- Indian gold prices edge lower on rupee, global cuesGold prices in India, nudged down on Thursday mirroring global prices and as the rupee regained some poise against the dollar.
- Spot buying of gold & silver picks up in Indian marketsTracking overseas spot prices, gold and silver closed down 3.1% and 5.4% respectively in Mumbai. The fall boosted wedding season purchases.
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