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SAIYAM MEHRA
GST rate for jewellery unchanged at 3% , but industry sees indirect gainsMumbai jewellers are happy with the GST reductions in other sectors. They believe this will help their business indirectly. The GST Council...- Gold's bull run fueled by ETFs, central banks, and de-dollarization shift: Vikram Dhawan, Nippon India Mutual FundGold's rally has evolved over the years, driven by ETF inflows, COVID-era hedging, and record central bank purchases. Recent trends show re...
- Gold, Silver demand to surge in 2025—Gold price set to hit Rs 85,000Jewellers expect a significant growth in gold and silver demand by 2025, with gold potentially touching Rs 85,000 per 10 gm. Key drivers in...
- As price jumps, gold buyers keep it light this DhanterasJewellers report a 10-15% drop in gold demand by volume this Dhanteras. Consumers prefer lightweight and diamond-studded jewellery. Despite...
- Maharashtra: GJC urges members for proper documentation of gems & jewellery to avoid poll-related hasslesAll India Gem and Jewellery Domestic Council (GJC) has advised its members to ensure proper documentation for smooth movement of goods duri...
- High gold prices unable to dampen consumer sentiment during Akshaya TritiyaOn Friday, gold prices were ruling at over Rs 71,000 per 10 grams as against about Rs 60,000 in April last year, registering an increase of...
- Gold prices likely to reach around Rs 70,000 per 10 grams in 2024, says industry body"If economic conditions worsen, driving increased demand for defensive assets, gold prices could rise, offering a potential upside beyond a...
- Rising gold prices elevate demand for antique & jadau jewellery this wedding seasonThis wedding season, brides are favoring antique and jadau jewellery, driving up gold prices and pushing average budgets to Rs 10 lakhs fro...
- Jewellery sales recover as gold prices softenGold jewellery sales have seen a spurt after a lull of two months as prices of the precious metal have softened to about ₹58,300 per 10 gra...
- Traders wary of accepting Rs 2,000 notes, seek clarityGold jewellers are insisting that customers buying jewellery for more that ₹50,000 furnish know-your-customer (KYC) documentation, as they ...
- Jewellers getting more inquiries for gold after RBI withdraws Rs 2,000 notesIn fact in the last two days, the actual gold purchase has been less in exchange of Rs 2,000 notes due to strict Know your Customer (KYC) n...
- Akshay Tritiya: Jewellers expect a double-digit growth in salesWith gold prices about 16% higher year-on-year, at about Rs 61,300 per 10gm, sales may have increased 10-20% this year in terms of value on...
- 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...
- Banking troubles in the West take the shine out of gold in India; demand falls 40%Gold prices have risen about 7% in the past fortnight, partly in response to concerns over a contagion effect in the wake of the Credit Sui...
- Alphanumeric hallmarking to curb smuggled gold tradingJewellers said smuggled gold will no longer be used for jewellery because of HUID, which helps trace the jewellery. No invoice is issued ag...
- Over 3 million nuptials to bring joy to wedding marketApparel and consumer electronics manufacturers and retailers expect sales in December and the January-March quarter to be driven significan...
- Jewellers expect footfalls to increase during DhanterasJewellers are expecting the footfalls to increase during Dhanteras, spread over two days of the weekend, with consumers getting in to marke...
- New gold hallmarking rule silent on antique jewellery: Gold tradersThe rule that came into effect on June 15 requires old gold to be melted and remade before it is resold. Leading jewellers and gold trade e...
- Gold traders write to Finance Ministry to increase settlement period of gold metal loanGML is a mechanism under which a jewellery manufacturer borrows gold metal instead of rupees and settles it with the sale proceeds.
- GJC appoints Ashish Pethe as chairman and Saiyam Mehra as vice chairmanThe board also appointed Saiyam Mehra as the vice chairman. He said "There is a need for the industry to become more organized and complian...
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