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BUDGET FOR JEWELLERY INDUSTRY
Organised jewellers seen sustaining growth despite 80% surge in gold prices: NuvamaIndia's jewellery sector anticipates strong growth. Weddings and festivals are driving demand, even with high gold prices. Retailers report...- 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...
- Monetise idle household gold, ease compliance burden to build Viksit Bharat: Kotak MF's Nilesh ShahNilesh Shah of Kotak Mutual Fund suggests India must unlock its vast household gold reserves. He also calls for easing business regulations...
- 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...
- Gold import duty hike triggers buying rush and volume concerns, says Senco Gold MDIndia's gold jewellery market is adjusting to a new reality. An import duty hike is causing consumers to rush purchases. Industry experts p...
- 'Husbands support PM's no-gold buy appeal for a year' Memefest erupts over social media, check hilarious posts on 'gold rush'Prime Minister Modi's call to reduce gold buying has sparked widespread online humor, with husbands across India celebrating the appeal. So...
- India raises gold import duty back to 15%: What’s behind the moveIndia has significantly raised import duties on gold, silver, and platinum. This move aims to safeguard the nation's economy and foreign ex...
- India’s gold import duty hike to 15% may remain for a year, says Senco MD Suvankar SenIndia's higher import duty on gold and silver could impact jewelry demand for a year, Senco MD Suvankar Sen said. Senco Gold predicts volum...
- India raises gold, silver import duty to 15% to curb imports, support rupee amid West Asia crisisGold, silver import duty hike: India has significantly raised customs duties on gold, silver, and platinum imports to 15% and 15.4%, respec...
- India's gold import: How it impacts our economy | An explainerIndia's gold imports are at an all-time high, reaching $71.98 billion in 2025-26. This surge is driven by increased prices and trade agreem...
- Explained: What PM Modi’s comments on deferring gold purchases for 1 year mean for yellow metal investors?Prime Minister Narendra Modi urged Indians to avoid buying gold for the next year, a notable appeal in a country where the metal is deeply ...
- FM Nirmala Sitharaman bullish on gems & jewellery sector opening new skilled job opportunitiesA significant grant supports lab-grown diamond research at IIT Madras. The Finance Minister inaugurated a new jewellery institute in Udupi....
- Nirmala Sitharaman inaugurates Gems and Jewellery Institute campus in UdupiUnion Finance Minister Nirmala Sitharaman inaugurated the Indian Institute of Gems and Jewellery in Udupi. The centre provides professional...
- Swiggy Instamart logs 49x gold surge on Akshaya Tritiya with small-ticket gold driving quick-commerce boomSwiggy's Instamart experienced a massive jump in demand for gold and silver on Akshaya Tritiya. Urban shoppers embraced quick commerce for ...
- Budget 2025: Opportunities to solidify India’s jewellery industry as a global powerhouseUnion Budget 2025: Reduction in import duties last year greatly improved the demand for precious metals and fine jewellery. The growth was ...
- Budget 2024 can polish India’s gold & diamond industry to shine for the worldBudget: The interim Budget with strategic moves can give the Indian gold jewellery industry a boost. An infrastructure boost can ensure com...
- 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...
- Union Budget 2012: Jewellers demand simple tax regime, abolition of gold ETFsVarious jewellery bodies have demanded a simplified tax regime and abolition of gold ETFs to lure customers in buying the precious metal.
- Union Budget 2011: Gems & jewellery industry disappointed with proposed 1% excise dutyThe gems and jewellery industry is disappointed with the proposed 1% central excise duty to be imposed on jewellery and articles of gold, s...
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