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ASHISH PETHE
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...
Surging gold prompts Indians to recycle jewellery for weddingsSurging gold prices in India are leading some individuals to exchange their gold jewelry for new pieces, particularly during the wedding se...
Gold jewelry recycling in India seen matching record this yearIndians will probably sell a record amount of used gold jewelry this year to take advantage of a surge in domestic prices of the precious m...
India trade ministry seeks to cut gold tariff to curb smugglingThe matter presents a dilemma for Finance Minister Nirmala Sitharaman, who needs to keep imports low to contain a widening trade deficit, b...
Rural gold demand dips as spend on farm inputs rises"Rural demand is down 25% in June as farmers are busy in sowing kharif crop and buying seeds and other agricultural inputs. July will also ...
Gold hallmarking still not available in 63% districtsIn the first phase, which was rolled out on June 1, 2021, hallmarking of 14, 18 and 22 carat jewellery was made mandatory. At present, out ...
Gold near record deters some Indian buyers from jewellery shoppingPrices in India, the world’s biggest consumer after China, have rallied in the past month in line with the overseas markets as investors so...
Government proposes reduction in import duty on cut & polished diamonds & gemstones to 5 per centPresenting the Budget for 2022-23 in the Lok Sabha, Sitharaman also announced that the government will facilitate export of jewellery throu...
Gold price set to climb higher on weakening rupee; demand may take a hitGold prices have increased Rs 250-300 per 10 grams as the rupee has depreciated against the dollar, said Ashish Pethe, chairman of All Indi...
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 ...
New threat takes the sheen off gold salesPeople who were purchasing gold for the upcoming wedding season, which extends till July next year, have now gone on a wait-and-watch mode,...
BIS website, FAQs don't reflect key points on hallmarking: GJC writes to Piyush GoyalIn this regard, the industry body has written to Union Minister for Consumer Affairs Piyush Goyal stating that the FAQs (frequently asked q...
Gold traders seek clarity on 20, 23, 24-carat inventory as hallmarking deadline nearsThe trade has informed the BIS that since March 2020, due to the pandemic situation and lockdowns, a majority of jewellers could not dispos...
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.
Akshaya Tritiya begins on sombre note; jewellers expect 10-15% salesAll-India Gems & Jewellery Domestic Council (GJC) chairman Ashish Pethe said, jewellers are expecting only 10-15 per cent sales this Akshay...
Zaveri Bazaar may soon get a new address in KhargharAware that maintaining the Covid-19 protocol, which requires social distancing, is impossible in the crowded and dingy lanes of Zaveri Baza...
Only 10% of Indian jewellers opt for hallmarked gold ahead of wedding seasonIf hallmarking is not done by the deadline, jewellers will not be able to continue their business. Small jewellers in tier 2 and tier 3 cit...
Virus chaos slashes India’s gold imports to lowest since 2009Overseas purchases fell to 275.5 tons last year, according to a person familiar with the data, who asked not to be identified as the inform...
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...
Wadhwa Group ushers in luxury with project W54 in MatungaThe property spells opulence, functionality, a plethora of amenities and exclusivity.