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IMPORT DUTY ON GOLD IN INDIA
Households rush to cash out old gold amid fears of a crashIndian households are cashing in on high gold prices, selling nearly 50 tonnes of old jewellery in the last quarter, a 43% jump year-on-yea...- Diamonds shine as gold buyers adapt to price volatilityAs Indian consumers face rising gold import duties and erratic prices, they are changing their buying habits for jewellery. The Indriya bra...
- Apple's latest price hike hits India hardest as MacBooks, iPads get up to 70% costlierApple has significantly increased prices for MacBooks, iPads, and other devices in India, with hikes ranging from 14-70%. This sharp rise i...
- Anti-dumping duty on electrical steel may push transformer costs, impact grid expansion: GTRIA potential anti-dumping duty on crucial cold-rolled grain-oriented electrical steel (CRGO) imports could significantly hike transformer ma...
- Cotton duty or competitiveness? The bigger challenge facing India’s $190 billion textile industryThe government’s temporary import duty relief may ease pressure on mills and exporters, but industry experts say deeper problems in product...
- India swings to premium on price retreat; China demand mutedIndian gold markets are seeing a premium return after a price dip, with buyers cautiously re-entering despite affordability concerns. This ...
- Gold poised for fourth weekly loss as hawkish Fed bets buoy dollarGold is poised for its fourth consecutive weekly decline, weighed down by a strengthening dollar amid expectations of U.S. interest rate hi...
- Jonnagiri gold mine to boost domestic production, advance 'Made in India' ecosystem, says Lloyds chiefIndia's gold import dependence is set to decrease with the inauguration of the Rs 405-crore Jonnagiri gold mine in Andhra Pradesh. This mar...
- India initiates anti-dumping probe against 3 Chinese productsIndia has launched anti-dumping investigations into imports of thermal paper, BOPA film, and certain antioxidants, primarily targeting Chin...
- India launches anti-dumping probe into electrical steel imports from China, 3 other nationsIndia has launched an anti-dumping investigation into electrical steel imports from China, Japan, Korea, and Russia. This move, prompted by...
- India will monitor Chinese steel imports before deciding on further curbs, source saysIndia is closely watching steel imports, particularly from China, for another two months before deciding on further actions. Despite a thre...
- India imposes anti-dumping duty on chemical imported from China, EU, USIndia has slapped a five-year anti-dumping duty on a key chemical used in rubber and tyre manufacturing, imported from China, the EU, and t...
- Digital gold players ramp up audits, vault checks to boost transparency amid regulatory scrutinyDigital gold providers are enhancing transparency with independent audits and vault checks, aiming to build trust as the sector serves 80 m...
- India weighs extending 40-product import duty exemption beyond June 30 amid West Asia tensionsThe government will decide on extending import duty exemptions for 40 products after June 30. This decision hinges on the evolving situatio...
- Gold imports fall to 25-30 tonnes/month from 70-100 tonnes after duty hike: Govt sourceGold imports into India have dropped sharply. The government's decision to increase import duty is proving effective. Higher gold prices an...
- Gold rush missed: Can India dig its way out of import dependence?India's significant gold imports, exceeding 800 tonnes in 2024 while producing only 2 tonnes, highlight a missed opportunity. Learning from...
- India takes the shine off silver as imports plunge 82% in May after duty hikeMay witnessed a steep decline of over 81% in India's silver imports, a result of the government's recent moves to hike import duties and re...
- 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...
- Gold imports up 34 pc to $3.41 bn in May; silver shipments plunge over 86 pcDuring May, India's gold imports skyrocketed by 34 percent, hitting USD 3.41 billion, as soaring gold prices fueled demand. In stark contra...
- 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...
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