Bullion industry proposes plan to turn India's idle gold into working capitalIndia's gold imports are rising, prompting industry bodies to suggest ways to curb them. Proposals include recycling household gold and lim...
12 May, 2026, 01.00 AM IST
Old gold sales surge 25% year-on-year as yellow metal breach Rs 60,000 mark“There has been a sharp increase in old gold sales following the spurt in prices of the yellow metal. In South India, some are exchanging o...
22 Mar, 2023, 10.29 PM IST
Gold refiners go more than a month without bullion salesRefiners, who import impure or dore bars for refining, alleged that there has been a significant rise in smuggled gold in the Indian market...
19 Dec, 2022, 08.11 AM IST
Rising gold dore imports to India to dent banks' market shareThe rising dore imports should reduced the market share of refined gold-supplying banks such as JPMorgan, ICBC Standard, Scotiabank, UBS, H...
06 Aug, 2018, 12.40 PM IST
James Rodriguez in for Colombia for crucial Poland World Cup matchJames, who has been suffering from muscle fatigue in his calf, came on for the last 30 minutes of 10-man Colombia's 2-1 opening defeat to J...
24 Jun, 2018, 11.23 PM IST
BIS to come out with good delivery bullion standard for gold barsIndia on average imports 700-800 tonnes of gold each year. A large part is in the form of London Bullion Market Association certified bulli...
05 Oct, 2017, 08.42 PM IST
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%.
01 Jul, 2017, 07.34 PM IST
Nominated banks not taking fresh orders for gold imports till GST clarity emerges on July 1"Banks prefer to wait and see until after July 1 when GST kicks in," said Harshad Ajmera, Kolkata based bullion dealer. "Till then they are...
25 Jun, 2017, 07.38 PM IST
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...
14 Apr, 2017, 03.14 PM IST
Customers hold on to old gold as prices fallTotal gold recycled in India during April-June quarter was 23.8 tonnes, down from 24 tonnes a year ago.
21 Oct, 2016, 02.13 PM IST
Mandatory hallmarking of gold ornaments to protect customersWhile the mandatory hallmarking guidelines were approved by the government in 2000, their effective implementation was deferred until now.
12 Aug, 2016, 02.52 AM IST
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...
08 Aug, 2016, 01.14 AM IST
Indian gold standard bars in the worksA committee has been formed to work on the guideline for introducing the Indian gold standard bar.
28 Jul, 2016, 05.58 AM IST
Bullion dealers worried over 50% drop in imports of goldIndia had imported 199 tonnes of gold in the first six months of 2016, which is a 50.49% drop compared with 402 tonnes imported in the corr...
12 Jul, 2016, 03.12 AM IST
Impure gold imports halve in April vs JanuaryThe reduction in imports will not only help ease the government’s current account deficit but also contain the entry of conflict gold.
03 May, 2016, 03.51 AM IST
Indian gold refining units are now focusing on scrap jewelleryThe duty differential for refining units in nonexcise free area is a meagre 0.47% those operating in excise free zone is enjoying a margin ...
25 Mar, 2016, 02.25 AM IST
Industry seeks BIS amendment for proper gold hallmarkingWGC study found that there are widespread differences in purity and an average under-caratage of anywhere from 10 per cent to 15 per cent.
09 Aug, 2015, 01.16 PM IST