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KETAN SHROFF SPOKESPERSON
Four bullion dealers in Mumbai under lensThe dealers being subjected to the survey record turnover of .Rs 500-1,000 crore annually on sale of gold bars to secondary dealers and jew...- Differential GST rates will hurt gold monetisation: IBJABullion attracts import duty of 10% and most of the 29 states levy VAT at the rate of 1%, including cesses, stamp duty , etc works out to 1...
- Brexit: Gold ETF buyers may redeem part of profitsGold bond volumes are still low but market constituents expect them to rise in time. Harish Galipelli, head of commodities at Inditrade, ag...
- Silver demand soars as price down 19% in 2015“Unlike in the past, consumers see a resale value for silver, whether jewellery, artefacts and investment products such as coins and bars,”...
- Gold demand to fall 15% as rural buying slumps over poor kharif seasonThe demand for gold will be less this wedding season in rural India as farmers have been affected by a poor kharif crop due to inadequate r...
- Gold punters better off mounting bearish betsPunters who place wagers on commodity bourse MCX, might be better off mounting bearish bets with stop losses in place.
- Gold imports may fall 10% due to weak monsoonImports are likely to fall 10% this year due to a decline in demand following a weak monsoon and offloading of gold by investors to generat...
- PM Narendra Modi draws bullion traders’ ire over ED heatWhat has irked the community is the fact that the notices are being served under the stringent Prevention of Money Laundering Act (PMLA).
- Farmers buying jewellery as they sell stored crops with pick-up in monsoonThe delay in monsoon rains had brought down rural demand for precious metals by 10% in the last one month, according to All India Gem Feder...
- Amid low spot demand, bullion traders opt to make delivery on MCXLow demand in the spot market has resulted in Rs 77.98 crore of gold being delivered on the exchange platform, according to a trade officia...
- Know why are Indian jewellers worried at the momentThe Hindu calendar of this year has a bad news for wedding marketers. While the first-quarter of 2015 witnessed a rise of 15% demand of gol...
- Weak rupee absorbs fall in international gold pricesGold fell ahead of Friday’s release of US non-farm payrolls data. The median estimate, according to Bloomberg, is for an addition of 225,00...
- Unseasonal rains, hailstorms affect rural demand for gold in wedding seasonFarmers and villagers are using their household gold to meet the wedding demand rather than buying fresh gold, jewellers say.
- South Mumbai's Zaveri bazaar may soon move to a new address, experts proposes to relocate to PanvelNegotiations are on between leading industry body India Bullion and Jewellers Association (IBJA) and Maharashtra Industrial Development Cor...
- Gold demand may pick up in AprilBullion traders and jewellers in India are expecting gold sales to pick up next month with the onset of the wedding season.
- Move to make PAN card mandatory for high-value gold buys may lead to unethical practicesThe government’s decision to make PAN card mandatory for people buying gold worth Rs 1 lakh or more could affect sales of the yellow metal ...
- Rising gold prices likely to dampen wedding season demandGold prices is nearing Rs 28,000 per 10 gm as international prices of the yellow metal have firmed up.
- Gold imports may fall as families bank onto household gold to meet the bridal jewellery demandNearly 30-40% of the bridal jewellery demand is being met by household gold. Consumers are buying new jewellery, but at a slower rate.
- 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 ...
- Gold fails to glitter in festive season as stocks steal showShroff attributed the decline in spends on ornaments to high inflation at the retail level and a shift in consumer savings towards equities.
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