The 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...

Bullion dealers said jewellers are not keen to restock despite discount offers as consumers continue to stay away from marketplaces on fear...

The Centre plans to notify the new regulation in the World Trade Organisation (WTO) in a week’s time, said Anantha Padmanabhan, chairman, A...

An official in BIS’s Delhi headquarters said he was not aware about any such raids.

In FY17, 475 tonnes of gold were hallmarked.

Traders said that though the government is set to introduce mandatory hallmarking for 14, 18 and 22-carat jewellery from January 2018.

Currently, hallmarking of jewellery is voluntary, with just 20000 of 3 lakh jewellers countrywide having a BIS license, said sources.

In 2015-16, about 370 lakh jewellery pieces weighing 500 tonnes were hallmarked at the 375 BIS-recognised hallmarking centres in the countr...

While paper gold traders are focusing on intraday bets, demand from jewellery buyers is seeing a gradual pick up.

However, the metal still remained below the psychological $1,300 an ounce mark, persuading jewellers and bullion dealers in India to stock ...

The domestic gold takes price cues from overseas markets as India imports most of the 800 tonne of the metal it consumes annually.

The government recently dashed the bullion industry’s hopes by leaving gold import duty untouched at 10 per cent.

MCX 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...

Most 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...

Demand for paper gold rose 8.68 metric tonnes to 808.75 tonnes on Monday, the most since October 2012.

Gold prices in India, nudged down on Thursday mirroring global prices and as the rupee regained some poise against the dollar.

Tracking overseas spot prices, gold and silver closed down 3.1% and 5.4% respectively in Mumbai. The fall boosted wedding season purchases.