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GOLD CUSTOM DUTY
India’s gold hunger stays unshaken as higher duties fail to close the import floodgatesIndia's insatiable thirst for gold remains resilient even in the face of increased import duties. Prior to the tax increase, there was a no...
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...
Hormuz halt forces Middle East trade into huge rewiringA year after a US-Israel and Iran conflict, Siemens Energy explored alternative routes to Dammam, Saudi Arabia, due to potential Strait of ...
Retail inflation edges up to 3.9% in MayEconomists expect price pressures to intensify further in June, driven by the continued pass-through of earlier increases in transport and ...
Call to extend duty cuts on critical inputs soonIndia is set to decide on extending customs duty relief for critical raw material imports beyond June 30. An inter-ministerial panel will r...
Fueling Demand: Inside India’s ethanol mobility revolution in reverseIndia is launching an ambitious green mobility initiative. The country is establishing E100 fuel stations nationwide before flex-fuel vehic...
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 ...
What's brewing? FinMin seeks gold lending info from banksIn a communique to banks on Friday evening, the Department of Financial Services sought data on value and quantity of gold metal loans (GML...
Four mutual funds restrict large inflows into gold ETFs and FoFs; Rs 25 crore cap imposedSouth Korea and Taiwan are facing market pressure despite strong gains in semiconductor giants driving the AI boom. Heavy concentration in ...
What steps India has taken to stem pressure on its external balance of paymentsIndia is taking steps to manage its currency's decline. Higher duties on gold and silver imports are in place. Import rules for silver have...
HDFC Mutual Fund limits subscription in its gold ETF and FoF. What this means for investors?HDFC Mutual Fund has temporarily restricted large lump-sum investments in its Gold ETF and Gold ETF Fund of Fund amid surging gold prices a...
Titan Company shares gain 2%. Why JPMorgan, others see up to 28% upside after analyst call?Titan shares are seeing gains as brokerages maintain a positive outlook. The company has outlined ambitious growth plans for the coming yea...
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...
Want to exchange old gold for new jewellery? Beware of these taxesIndians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...
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...
A ₹3 lakh crore rain check? India’s monsoon now comes with a Hormuz fine printIndia’s fertiliser supply chain is under strain as the West Asia conflict disrupts shipping through the Strait of Hormuz, a critical route ...
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...
Senco Gold Q4 Results: Profit skyrockets 151% to Rs 157 croreSenco Gold has announced a significant profit jump of 151 percent for the fourth quarter. This surge is attributed to soaring gold prices a...
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...
High gold prices, import duty hike to drag jewellery demand: CrisilIndian organized gold jewellery retailers anticipate a 13-15% sales volume decline this fiscal due to high gold prices and import curbs. De...