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MONETISE OLD JEWELLERY
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...- Gold sitting idle in lockers? Why experts want Indians to monetise their yellow metal nowAs gold prices rally and India seeks to curb imports, financial experts are urging investors to rethink how they own the precious metal. Ad...
- Gold recycling schemes on the rise after gold prices move up: How your old jewellery is evaluated and what price you getRising import duty and PM Narendra Modi’s appeal to delay purchases have pushed jewellery brands like Kalyan Jewellers and Malabar Gold & D...
- 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...
- Gold volume growth may dip 10–15% after duty hike, say jewellersIndia's gold and silver import duty hike may affect jewellery sales volumes initially. Industry leaders believe demand will stay strong due...
- Gold import duty hike inflates prices, raises smuggling risk: Gem & Jewellery Export Promotion CouncilThe Gem and Jewellery Export Promotion Council has urged the government to discuss ways to control gold imports. They state that increasing...
- Right policies can help bring idle household gold into the marketIndians hold significant idle gold. Unlocking this gold could ease economic pressure by reducing reliance on imports. A two-year-old brand,...
- Have gold lying idle in lockers? Here’s how you can put it to productive useGold need not be wealth locked away, it can serve as a flexible financial tool offering liquidity.
- 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 ...
- Idle Gold for an Ideal Economy?
- India can be a Competitive Gold Refining Hub: WGCAccording to the report, holding periods of jewellery would continue to decline as younger consumers look to change designs more frequently...
- As gold imports take a hit, industry looks for ways to make deposit schemes attractiveIndia's existing gold monetisation scheme is yet to take off, garnering deposits of only 20 tonnes of gold till now. Private gold stock in ...
- Bankers: Government should make gold monetisation more attractiveIn December 2017, trade deficit widened to $14.88 billion from $10.55 billion a year ago after gold imports soared 72% to $3.39 billion.
- Arun Jaitley's Budget could get a helping hand from Pakistan and ChinaModi government is set to reap a bonanza from the sale of enemy properties that belonged to those who migrated to Pakistan and China.
- Tirupati Temple likely to deposit 1.5 tonnes of metal in the Gold Monetisation SchemeThe richest temple in the world could soon come to the rescue of PM Modi's plan to recycle tonnes of idle gold and cut economy-hurting impo...
- To cash in on centre's gold monetisation scheme refiners rush for BIS markGold refiners in the country are rushing to get a BIS certification before the government rolls out its gold monetisation scheme.
- Muthoot Fincorp targets to recycle 80 kg gold by March-endThe company, which opened its first Gold Point in Mumbai today, has already recycled 45 kg gold at its three centres - Coimbatore, Chennai ...
- Gold monetisation scheme fails to appease consumers over low returns and security concernsIn the scheme the minimum deposit has been kept as low as 30 grams and returns have been made tax-free to sweeten the deal.
- Muthoot Group ddds collection centres to boost gold recyclingBranded ‘Muthoot Gold Points’, these centres buy old gold jewellery from customers, melt and refine it in Mumbai and sell it again in the m...
- 'India needs more world-class gold refineries to attract foreign direct investment'Somasundaram PR, managing director of World Gold Council (WGC), however, said that the curb on gold import has affected investment demand b...
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