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Gold price crash may revive wedding demand as buying season nearsGold and silver prices witnessed a sharp correction from recent highs, raising hopes of stronger jewellery demand. Industry experts expect ...- Exchange of old gold has risen almost 60% year-on-year, say jewellery retailersGold prices are soaring in India, prompting a surge in old gold exchanges. Consumers are trading in existing jewellery to buy new pieces. T...
- Smugglers are hard at work as higher duty puts the shine on goldThe recent spike in import duties in India has inadvertently fueled a rise in gold smuggling activities. Traders are noting a marked increa...
- Gold demand drops 70% after sharp duty hike in IndiaDemand fell to about 7.5 tonnes in the fortnight ended May 27 from around 25 tonnes a year earlier, according to industry estimates. The go...
- Modi wants Indians to press pause on gold. But the $5.2 trillion obsession runs deepIndia’s attempt to protect the rupee is now colliding with one of the country’s strongest cultural habits — buying gold. After Prime Minist...
- Duty hike may bring out more old gold into marketIndustry executives said promoting sales of lower carat jewellery like 14K and 9K can reduce imports by 20-30%, and discouraging investment...
- India rolls out new gold math with import duty hike. Who will foot the bill?India has sharply raised import duties on gold and silver to 15% from 6% to curb demand, protect the rupee and preserve foreign-exchange re...
- Bridal jewellery gets a gold rush across India as panic buying over policy curbs and higher duties intensifiesConsumers are rushing to buy bridal jewellery across India. This surge follows Prime Minister Narendra Modi's call for austerity measures. ...
- India Inc backs Modi’s appeal to cut gold buying and foreign travel amid West Asia tensionsIndian businesses are reviewing spending and work-from-home policies after Prime Minister Narendra Modi's call to save foreign exchange and...
- No plan to hike gold import duty despite Modi's appeal to skip buying, says government officialIndia denies plans to raise gold and silver import duties. Prime Minister Modi urged citizens to avoid gold purchases amid economic pressur...
- Centre working to restore gold import tax exemption for banks; shipments resume after IGST glitch: IBJAThe Centre is expected to issue a rectification order within 48-72 hours to restore the tax exemption for gold-importing banks after a noti...
- 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...
- Akshaya Tritiya sees tepid demand on gold price surgeGold demand during India's Akshaya Tritiya festival remained subdued as record prices curbed jewellery purchases, despite a slight increase...
- Kalyan Jewellers, Titan, and other jewellery stocks tumble up to 6% while MMTC rallies 16%. Here's whyIndian banks have reportedly halted gold and silver import orders, causing jewellery stocks like Kalyan Jewellers and Titan to fall. MMTC, ...
- Indian banks halt gold, silver imports amid delay in government clearance, sources sayIndian banks have halted gold and silver import orders as a fresh government authorisation under DGFT is still pending, leaving tonnes of b...
- A golden opening awaits Indians this Akshaya Tritiya in the middle of global gloomGold demand in India is expected to rise ahead of Akshaya Tritiya as recent price corrections and easing global tensions improve buying sen...
- Gold sales rise 35% this Dhanteras despite inflationary pressuresThe pickup in sales has also been driven by bridal jewellery purchases for the upcoming marriage season, which runs from November 15 to Dec...
- India Bullion & Jewellers Association not to support Monday's strike"We believe that constant dialogue with the Government is required to resolve some issues with regard to mandatory hallmarking. These issue...
- Jewellers’ body to push for curbs on sale of impure goldImpure bars were available at a discount and both buyers and sellers were involved.
- Government takes note of 'monopolistic' barb against GJEPC by IBJAThe IIJS is being held from July 27-31 in in suburban Mumbai while Jewel Trendz, supported by IBJA, is on from July 24-30 in suburban Mumba...
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