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...
05 Dec, 2022, 08.52 PM IST
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 ...
28 Jun, 2022, 12.39 AM IST
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 ...
29 May, 2022, 11.58 PM IST
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...
15 Mar, 2022, 04.51 PM IST
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...
01 Feb, 2022, 03.45 PM IST
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...
16 Dec, 2021, 08.57 PM IST
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 ...
15 Dec, 2021, 02.39 PM IST
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,...
06 Dec, 2021, 07.01 AM IST
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...
03 Jul, 2021, 05.24 PM IST
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...
09 Jun, 2021, 08.16 PM IST
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.
01 Jun, 2021, 05.59 PM IST
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...
14 May, 2021, 02.16 PM IST
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...
05 May, 2021, 09.33 AM IST
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...
10 Jan, 2021, 09.30 PM IST
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...
05 Jan, 2021, 05.18 PM IST
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...
04 Jan, 2021, 06.01 PM IST
Wadhwa Group ushers in luxury with project W54 in MatungaThe property spells opulence, functionality, a plethora of amenities and exclusivity.
21 Jul, 2017, 10.14 AM IST