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INDIA INTERNATIONAL BULLION EXCHANGE
Silver imports via authorised channels onlyNew import rules for silver are now in effect. All silver imports must go through specific government-approved channels. This includes agen...- PM Modi wants Indians to buy less gold but jewellers suggest three ways to save forex without any sacrificesAmidst calls to conserve forex, the All India Jewellers and Goldsmith Federation proposed a dedicated bullion bank and revamped gold moneti...
- As Modi urges restraint on gold buying, jewellers’ body pitches mobilisation & recycling frameworkThe All India Jewellers & Goldsmith Federation proposes mobilising India's idle gold stocks. This approach aims to save foreign exchange wi...
- India’s booming Dubai gold trade may be built on someone else’s minesPolicymakers in India are increasingly worried about the surge in gold imports, especially following the beneficial India-UAE trade deal th...
- The Gold Standard: How a Bootstrapped Company Outlasted Every Funded Rival in India’s Goldtech BoomAugmont Enterprises has quietly established India's most comprehensive gold platform. Unlike well-funded rivals that faltered, Augmont focu...
- Standstill in India gold imports drags on, threatens supplyIndian banks face an unprecedented five-week halt in gold and silver imports, causing domestic prices to surge and threatening shortages. A...
- 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...
- SBI joins India International Bullion Exchange as special category clientState Bank of India has successfully completed its first gold trade on the India International Bullion Exchange. This marks a significant s...
- FM Nirmala Sitharaman asks regulators to map aspirational needs of GIFT IFSCFinance Minister Nirmala Sitharaman urged financial regulators to identify aspirational needs for GIFT IFSC, emphasizing fast-tracking refo...
- Gold plunges Rs 4,200/10 gram after FM cuts customs duty on bullionWhile the August gold futures fell over 6% or by Rs 4,268 per 10 gm to hit the day's low of Rs 68500, silver September futures on the MCX t...
- Titan, Kalyan Jewellers rally up to 7% as FM slashes customs duty on gold, silver to 6%In this year's Union Budget, the Indian jewellery industry sought a reduction in gold import duty, along with a 0.5% concession on imports ...
- Budget 2024: Jewellery industry urges for 5% import duty cut on gold. What it meansDecoding the impact that is expected from the 5% waiver, Mahendra Luniya, chairman & founder of Vignaharta Gold said that in FY23, India's ...
- Indian banks halt silver imports as duty differential spurs private tradeIndia's banks have stopped silver imports after private traders bought large volumes of the precious metal from the United Arab Emirates to...
- Senco becomes first qualified jeweller from East India to import gold on India International Bullion ExchangeIndia's first International Bullion Exchange (IIBX) was launched in the GIFT city (Gujarat International Finance Tec-City) in July 2022 to ...
- View: As IIBX gains traction, price-rigging in the precious metals market should become a thing of the pastIIBX has been conceptualised to act as a gateway to the global market for not just importing gold but other commodities as well. But we sho...
- SGX Nifty's launch in GIFT postponed to July 28 due to heavy rainsNifty contracts on SGX are popular among foreign investors who do not wish to trade in India. At its peak, trading in Nifty contributed as ...
- PM to launch SGX Nifty trade at GIFTNational Stock Exchange and SGX have formed a special purpose vehicle (SPV) - NSE International Financial Service Centre (IFSC)-SGX Connect...
- BSE collaborates with 4 regional associations to promote EGRs, International Bullion ExchangeThirunelveli Gold Silver Diamond Jewellery Traders Association, Nanded Sarafa Association, Saraf Suvarnkar Sangthna Pusad, and Ghadchiroli ...
- Govt allows certain gold imports through India International Bullion Exchange IFSC“In addition to nominated agencies notified by RBI (in case of banks) and nominated agencies notified by DGFT, qualified jewellers as notif...
- BSE, GJC sign MoU on commodities, EGR marketThe MoU between both entities will also explore potential business and facilitate growth by sharing knowledge and expertise to promote the ...
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