Gold dealers have been forced to offer discounts over official prices amid subdued physical demand in India

The World Gold Council unveiled a multi-media campaign in partnership with Gem & Jewellery Export Promotion Council (GJEPC) to increase awareness, relevance and adoption of gold jewellery amongst young Indian consumers. The integrated campaign that will be rolled out in two phases through 2021, aims to attract millennials and gen-Z by building a meaningful context of role of gold jewellery in their contemporary expressions

Gold prices in most parts of India have fallen more than Rs 1,000 per 10gm of 24-carat in the past two days

The RBI on June 23 has asked banks to provide an option to jewellery exporters and domestic manufacturers of gold jewellery to repay a part of Gold (Metal) Loans (GML) in physical gold
 

Nearly 8 percent growth in export was witnessed in comparison with May, 2019, the government has expressed confidence that exports are well on their way towards recovery
 

Unveils ‘Love Collection’, a new range of Everlite jewellery to celebrate the pride month Kolkata

Mandatory hallmarking has finally become a reality and many jewellery retailers are having mixed opinions – on the whole they welcome the move and are eager to fulfill all requirements of hallmarking

Mandatory hallmarking, final call to be made on June 14 after high level discussion between jewellers’ representatives and BIS officials
 

Based on multiple meetings with the Expert Committee members last week, the Ministry of Consumer Affairs will be soon coming out with  rules for implementation of Hallmarking act along with amendments

Sovereign gold bonds (SGB) are atrtacting investors, especially with increasing gold prices, this article strives to present a comparitive analysis between digital gold and SGB

Building on the positive trend in April, precious metals closed on a healthy note in May

Third meeting of the expert committee formed by the Ministry of Commerce and Industry to resolve the issues of mandatory hallmarking was held yesterday. A number of issues were raised during the meeting and BIS has assured to consider and come up with a comprehensive guidelines and detailed responses to the expert committee queries in next few days

The Government of India is making hallmarking (certification of purity) of gold jewellery mandatory from 15 June 2021. Among the many difficulties that jewellery business owners are facing in hallmarking their products major ones include: HUID and its impracticalities, dearth of assaying and hallmarking centres in India and heritage jewellery issues when it comes to hallmarking

Mandatory hallmarking promises to bring transparency in the system and awards value for money to the ultimate consumer. The process however is far from simple

Speaking at a webinar organised by the Bureau of Indian Standards, Department of Consumer Affairs, Government of India, to discuss gold hallmarking, the Union Minister said that constructive suggestions will be incorporated and teething issues in implementation would be resolved by the committee

Responsible Jewellery Council (RJC), the leading sustainability standard-setting organisation for the global jewellery and watch supply chain, has joined the UN Global Compact SDG Ambition platform

Gold prices rose on May 17 to their highest level in more than three months, as a dip in U.S. Treasury yields and worries over surging COVID-19 cases in some Asian countries boosted demand for the safe-haven metal

The Nagpur Bench of Bombay High Court passed an interim order on 7th May, 2021, to stop Bureau of Indian Standards (BIS) from taking any coercive action against jewellers who may not comply with BIS mandatory hallmarking regulations 
 

Decline in import demand for gold creates a stir among jewellers

Indian auction house AstaGuru will hold its annual online auction of Heirloom Jewellery

Physical gold prices in India moved to a discount over official domestic rates

The Gems & Jewellery National Relief Foundation (GJNRF) steps forward to support hospitals

In March 2021, multiple factors contributed to the rise in imports of gold to 160 tonnes
 

The Women’s Jewelry Association (WJA) Foundation has launched a Responsible Sourcing and Sustainability Education Fund in celebration of Earth Day on 22nd April, 2021

Gudi Padva was an auspicious occasion for buying gold. Retailers express their views about how the second Covid19 wave was a dampener

The Chief Minister of Maharashtra Uddhav Thackeray conducted a virtual meeting on 9th April, 2021, to review the requirements of the Indian gem and jewellery industry during the current period of restriction in the state

The substantial increase in India’s gold imports in March 2021 may be attributed to the thriving domestic jewellery sector

Bharat Diamond Bourse will remain closed till further notice

The Central Government recently approved several amendments to the Indian Gold Coin Scheme

The Women’s Jewelry Association (WJA) launched its first-ever Financial Empowerment series in partnership with The Newman Group of Oppenheimer & Co. Inc. to further the personal and professional development of women in the jewellery and watch industries

Under the revamped Gold Monetising Scheme (GMS) which was first introduced in 2015, consumers can deposit as little as 10 g (from previous minimum of 30g). This will aid in lowering the industry’s dependence on imported gold and will foster a better relationship between jewellers and customers

Customs duty on gold and silver decreased to 7.5% from 12.5% with an addition of 2.5% AIDC (Agri Infra & Development Cess) – in effect reduced to 10% -- applauded unanimously by the whole G & J industry

Platinum Love Bands celebrates invincible love 

Maharashtra has the highest 120 numbers of recognised gold assaying and hallmarking facilities in the country 

India’s economic slowdown which began before the lockdown of 2020, eventually brought the whole economy on its knees. Therefore this budget will have to be truly ground breaking in order to resurrect the Indian economy. Here’s what industry personnel expect of the Union Budget of 2021
 

Dr. Jayshree Panjikar of PANGEMTECH- Panjikar Gem Research & Tech Institute, Pune, made a presentation on ‘Quality Verification & BIS Standards’ at the online webinar on ‘Gems & Jewellery’, one of the Marathon Webinars ‘Udyog Manthan’ organized by the Ministry of Commerce to increase Quality and Productivity

Recently a webinar on ‘Opportunity and Challenges to enhance trade between India and Thailand in Gem & Jewellery Cluster’ was organized

India’s jewellery demand has increased by 10-20% this month

The sector grew by 9.2 per cent in December 2020 to ₹18,261 crore

IIFL Finance, one of India's largest non-banking finance companies, has launched 'Gold Loan Mela' in West Bengal

Gems and jewellery exporters have been permitted to send their goods across the globe to their buyers using the convenience of cost effective and reliable courier services

The Responsible Jewellery Council (RJC) celebrated its 15-year anniversary on 15th December with a virtual event that included key global stakeholders

The UAE's gold and jewellery industry is all set to see its biggest reforms ever

Men of Platinum introduces its new campaign to honor men who realize what matters the most in turbulent times

CIBJO Highlights The Harsh Impact Of COVID Crisis In Developing Nations, In Statement Prepared For Special Session Of UN General Assembly

G M Dar, Director, Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) inaugurated Valley’s first Gold Jewellery Assaying and Hallmarking centre at Srinagar on Dec 7

The surge in the price of platinum – which posted its biggest monthly gain in November since 2008 – has been put down to renewed appetite among consumers who prefer the metal to its more expensive rival, gold

Ideal ecosystem and innovation make it a ‘perfect bedrock' for global trade of precious metal

The suggestions of gems and jewellery industry related to duties and taxes are under consideration of the Finance Ministry, Commerce and Industry Minister Piyush Goyal said on November 27

Gold jewellery manufacturers have arguably faced a lot during the past eight months of this year. Here’s how they met their individual challenges

The Silver Institute hosted a webinar on 17th November to discuss its annual Interim Silver Market Review

Givenchy, Schiaparelli and more. They’re all working gems and gold right into their garments

Gold imports, which have a bearing on the current account deficit, declined 47.42% to $ 9.28 billion during April-October

Australian gold production has recovered strongly

Unlike gold, silver prices show greater fluctuation and so does its demand and supply

Multi Commodity Exchange of India (MCX) is all set to launch the country''s first bullion index, Bulldex, on August 24

With this, net inflow in gold exchange traded fund or ETF category has reached to Rs 4,452 crore in the first seven months of the year, data with the Association of Mutual Funds in India (Amfi) showed

Gold and diamond jewellery exporters are witnessing a steady growth in export orders

Overall gross exports of gems and jewellery in the month of July this year declined by around 38%

Purchase of jewellery over Rs 1 lakh, Rs 20,000 hotel bills to come under I-T scanner

A proposal by a group of ministers for GST amendment on the gem and jewellery sector got a mixed response from the G & J trade segment

Under the goods and services tax regime, e-way bills are required for inter-state transportation of goods valued over Rs 50,000

GJEPC put forth its suggestions to modify few points within the Revamped – Gold Deposit Scheme (R-GDS)  that will enable its larger acceptance and garner additional deposits of idle gold within the country

eBay in India recently announced its association with the International Gemological Institute (IGI)

With migrants gone, jewellery exporters seeks more time to complete orders

The RBI had on August 6 increased the LTV ratio for gold loans by banks to 90 per cent from the earlier 75 per cent

The London Bullion Market Association (LBMA) London Gold Price hit an all time record high

World over gold purchases rose to 25.5 tonnes in July from 20.4 tonnes a year earlier and were almost double the amount shipped in the previous month

The rupee plunged 20 paise and settled below 75 per U.S. dollar level on August 3, tracking negative domestic equities and strengthening American currency

Gold prices in India are up 35% this year. Analysts report uptick in investment demand for gold

These leading jewellers across India share success stories of how they made a great sale during the pandemic with Vijetha Rangabashyam

The COVID-19 pandemic impacted the consumer sectors of the gold market in H1 2020, with total demand dropping by 6% to 2,076t versus the same period in 2019, according to the World Gold Council’s latest Gold Demand Trends report.

Gold hallmarking was set to become mandatory with effect from 15th January, 2021

Jewellery artisans who had gone to their villages, are now trying to resume their duties in cities, only to find jewellery hubs unable to retain their services

The Bureau of Indian Standards (BIS), Chennai Branch Office-I, has granted its hallmarking of gold and silver licence to Titan Company

GJEPC continues its charitable work fight against Covid-19

India is the world's second largest consumer of gold. Today, prices of gold are rocketing leaving consumers in a fix…

IIFL Finance,leading non-banking finance companies has launched Digital Gold Loan

WGC examines how the combination of high risk, low opportunity cost and positive price momentum looks set to support gold investment

The duty drawback rate on gold has been increased while that on silver jewellery has been reduced

Online gold market in India is in its nascent stage, accounting for approximately 1-2 per cent of overall gold sales by value

In a recent video meeting with the Department of Commerce, the GJEPC outlined a few suggestions that would drive Indian exports from SEZs on an upward growth trajectory

The previous revision in the gold duty drawback rate was done on 28th January, 2020, following which the gold price has risen steadily. The GJEPC represented the matter to the Department of Revenue and urged it to revise the drawback rates

Restrained retail demand for gold in India compels dealers to offer discount on purchase of gold

All that glitters is indeed gold! Relevance of yellow metal to Indian economy is evident in recent investment spurt
 

Investors rushed to buy silver-backed exchange-traded products and silver bullion coins in the first half of this year

Steering Committees are being setup to help MSMEs put business in order, so as to procure export orders

As Chennai market is re-opening, workshops and factories need to complete their orders, however due to strict lockdown, they are unable to do so

Gold-backed ETFs (gold ETFs) recorded their seventh consecutive month of positive flows, adding 104 tonnes (t) in June

From a manufacturers’ perspective the industry has been hit very hard, here’s an analysis of the difficulties faced by this sector

GJEPC Chairman Colin Shah, vice chairman Vipul Shah, and ED Sabyasachi Ray discuss concerns pertaining to SNZ and GST amongst other issues

Jewellers have begun melting newer ornaments to reduce inventory 

Gems and jewellery artisans may get better employment opportunities in UP

In the wake of the COVID-19 pandemic, Reliance Jewels strives to uplift the spirits of Doctors and awaken a spirit of kindness among citizens

GJEPC Chairman Colin Shah expounded on the way forward for boosting manufacturing and exports

The Gem & Jewellery Export Promotion Council (GJEPC) has welcomed the revised definition for Micro, Small and Medium Enterprises (MSME) announced by the Government of India

GJEPC contributes Rs.20 lakh towards UP Govt.'s fight against Covid-19
 

Record high prices and coronavirus crisis have hurt physical gold demand in India, but investment demand for gold across the world remains robust

Gold price on June 25 in Delhi retail bullion market has crossed the historic Rs 50,000 mark to. It was slated at Rs 50,405 per 10 gm

Handover ceremony on 23rd June, 2020

In a television interview, GJEPC Chairman, Colin Shah highlighted points, which pave the way for rapid progress of gems and jewellery sector in the months to come…

The industry will recover faster if there is credit availability and faster momentum in ease of doing business

Gold prices fell sharply in Indian markets on June 15, tracking a decline in global rates

Dr. Jayshree Panjikar has started Educational Webinars on various Gemstones and Diamonds 

Gold-backed loans are becoming more popular with banks, which tend to consider them safer than other unsecured borrowing

Jewellers vote for more gold purity standards, seek extension of hallmarking deadline

GJNRF distributed 26000 masks (including N95 wherever required), 20000 PPE gowns, 200 PPE kits, 20000 goggles, 20000 gloves, 12000 litres of sanitisers, 960 Covid testing kits, 50 Infra digital Thermometers, 50 Oxymeters to various Hospitals and zonal Police stations

As lakhs of artisans, primarily migrants labourers left Zaveri Bazaar amid lockdown, jewellery making charges likely to rise in near future

On International Environment Day, Forevermark reiterates their commitment to protect wildlife and keeping responsible sourcing at the very centre of their business

Hummingbird Resources engages in the exploration, evaluation and development of mineral properties in West Africa with a primary focus on gold

In the wake of the current pandemic, downsized mini-monies (miniature ceremonies) are the flavour of the season -- Kalyan Jewellers has adopted a hyperlocal approach to shoot multiple ad films that encapsulate this concept...

This year’s survey revealed the following key insights into central banks’ thinking towards gold –

According to the recent Ind-Ra report -- Jewellery demand was slow since the beginning of 2020. Gold jewellery demand had already slowed down in FY20 in terms of tonnage and revenue due to the economic slowdown

• * Ministry of Commerce and Customs department worked relentlessly for gearing-up G &J exports amidst COVID-19 lockdown
• * Gem and jewellery industry to export $1bn worth pending exports

The lockdown which was announced on March 22 across the country has brought gold imports to an all-time low

Gold-backed exchange-traded products were the prevailing asset to own, driving global demand for the yellow metal in the first quarter, as the world economy was crushed by the COVID-19 health crisis, according to the latest research from the World Gold Council (WGC)

Global gold demand held firm at 1,083.8t in Q1 2020, a rise of one  per cent  on the same period last year, according to the World Gold Council’s latest Gold Demand Trends report 

The drop in consumption by the world's second-biggest gold buyer could limit a rally in global prices

Gold imports dip 14.23 per cent to $28.2 billion during 2019-20

A similar price hike was witnessed in November 2016, when demonetisation was announced and people rushed to buy gold, using old currency notes

Gold ETF assets realised their largest ever quarterly gain in Q1 2020

The World Gold Council has recently released its regular statistical update on gold reserves in the official sector

The world will be reeling under the after-effects of this unprecedented pandemic for months on end, yet business cannot stop, you have to gear up and make every effort…

GJEPC, an apex body of gems and jewellery trade in India has decided to contribute Rs. 21 Crore to PM-CARES Fund

Domestic jewellery retailers are likely to face heavy losses, due to escalated gold prices in the last few months and lockdown

While the Coronavirus Pandemic may be brought under control due to the total lockdown, the Indian economy may need ventilator support in the near future. Industry veterans discuss the problem and suggest solutions…

Post the lockdown, how long will it take for the industry to begin seeing its golden days again? Industry veterans share their viewpoints…

In order to steer the Indian gems and jewellery industry out of the current economic slowdown GJEPC forms corpus of INR 50 Cr for welfare

Retail investors scout for gold bars and coins as a safe investment option

GJC members to support PM’s clarion call for Janata Curfew on 22 March and seek relief for the virus-hit Gems and Jewellery industry 

Like most asset classes, gold is being affected by the unprecedented economic and financial market conditions in play around the globe, with inputs from analyst and consultant with WGC, Trevor Keel WGC decodes the effect of COVID-19 on gold prices 

Karur Vysya Bank (KVB) has announced the launch of its precious metal business for its corporate customers

Kalyan Jewellers, one of India’s largest and most preferred jewellery brand has launched its new digital campaign for the festival of Gudi Padwa

Malabar Gold & Diamonds presents special Mother’s Day collection as a tribute to motherhood

DHL Express and BVC Logistics on March 14 entered into a partnership that will enable Indian SMEs in the gems and jewellery industry to grow their presence in the international marketplace

State Bank of India is pushing for bringing about uniformity in its lending practices to the gems and jewellery sector

Gold prices fell sharply in Indian markets today

Jewellery retail chain Malabar Gold & Diamonds plans to expand operations in India and abroad

Jewel Box is Bangalore’s first multi- jewellery brand retail outlet displaying 
collection from 30 unique designers
 

To celebrate Women’s Day, and as part of its ongoing pledge to the advancement of women, Forevermark presents the Half Carat Collection

This initiative will bring in transparency and build confidence in buyers and bankers 

India’s gold imports plunged 41 per cent, as compared to previous year 

Jaipur-based jewellers, Motisons unveil their latest spring summer 2020 collection, enthused by the vibrancy of the season

About 15,000 Indian jewellers have been sent tax demands 

Company has not witnessed a major impact on its watch business and expects jewellery business to increase

Country's largest lender State Bank of India (SBI) has confirmed today that the gems and jewellery industry should have insurance cover for banks to ‘lend courageously’ to the jewellery sector

Precious jewellery brand Her Story launches a new range of exquisite solitaire rings that tell the story of who she is, beyond the world’s perception of her

Dr Saurabh Gadgil, managing director, PNG Jewellers received a token of appreciation in ‘Excellence in Jewellery – Retail’ at a prestigious ceremony in Mumbai on February 20

The jewellery brand has recently launched its collection inspired by the colours pink and blue of the orchid

The spread of the coronavirus across the globe along with increasing gold prices is causing a steep decline in gem and jewellery exports

CaratLane - A Tanishq Partnership has partnered with wesense.ai to enhance the customer experience in its over 80 retail stores across the country. The brand uses wesense.ai’s proprietary AI-powered video analytics product which runs on the store’s existing system to get detailed and accurate insights on infrastructure

India’s first private gold mine located in Jonnagiri in Kurnool district, Andhra Pradesh may start in the last quarter of 2021 if land acquisition for it is completed in the next six months

India has clarified the nature of a gold discovery in Uttar Pradesh, after a government official said on Saturday that fields with reserves of more than 3,000 tonnes of gold ore had been found, prompting a flurry of activity on social media

Gold rose to its highest in one week on Monday as the death toll from the coronavirus outbreak rose further and investors sought safe havens from the economic impact.

The annual supply of gold increased 2% to 4,776t. This growth came purely from recycling and hedging: mine production slipped 1% to 3,436.7t

The outbreak that happened last month is said to hurt the Chinese economy in the short term

Imports of the yellow metal stood at $24.73 billion in the corresponding period of 2018-19

Due to the increase in customs duty, goods and services tax there was an increase in gold smuggling besides customers were also opting to purchase gold from countries like Dubai, Nepal, Sri Lanka, Singapore

After a US missile strike at Baghdad, the price of the yellow metal, which is considered as a safe haven commodity, extended gains 

ICRA expects gold jewellery demand to be subdued in FY2020 with expected volume de-growth of 6-8% on the back of elevated gold prices and weak consumer demand

Prices rose earlier this month despite concerns ebbing over a prolonged US-China trade war, even as global investors await further clarity from “phase one” of the trade deal

Domestic gold prices have declined 3.6 per cent since its peak of Rs 39,031/10g on September 4, taking cue from global prices

Placing greater onus on transparency and accountability, the initiative will greatly reduce instances of consumer victimisation and cheating at the hands of fraudulent players who indulge in malpractices

Easy monetary policy and low interest rates are here to stay and that will support gold prices in the long term, but investors need to be a little patient, according to one market analyst

The BIS has formulated standards for gold jewellery of three grades — 14, 18 and 22 carat
 

One year period will be provided for implementation of this decision to enable jewellers clear their existing stock

The drawback has been raised from Rs 272 to Rs 372.9 per gram of gold jewellery, and effectively covers 86.74 per cent per cent of the import duty paid, up from 63.27 per cent earlier

Pray For Everyone

Millennials are choosing platinum over gold because of the former’s matte finish, affordability and ability to hold diamond-studded intricate designs

Jewellery demand was hampered by the continued strength in the gold price, which hit a new multi-year high, as well as consumers being downbeat on the health of the global economy

Gold imports were down at 38 tonnes in October despite being one of the most auspicious times to buy gold in India

The yellow metal is likely to continue to remain bullish till the end of the year mostly due to sustained Central bank buying, geopolitical uncertainties and possible year-end squaring of positions in equities boosting appeal for safe-haven gold

Sales during Dhanteras reached about 30 tonnes, nearly 25% lower than normal because of a rally in prices

Each one is uniquely and differently handcrafted in 18 to 22 kt silver

The Indian gold spot exchange is expected to launch in the near future, a key moment in the development and formalisation of the domestic gold market

According to sources, gold without receipt will have to be disclosed to the government and tax would be payable based on the rate set by the government

While India Bullion & Jewellers Association (IBJA) estimates a 25 per cent volume drop in jewellery and bar and coin sales this year’s festivities, certain jewellers are claiming a 10-15 per cent yearon-year growth
 

Gold sales in the past few years used to be around 40 tonnes, but due to high prices and liquidity crunch in the market this year, it was expected that the sales might be around 20 tonnes

Some buyers are combining their festival and wedding purchases, marking a structural change that’s occurring as prices go higher

Building on the World Gold Council’s initial work of 2018, the new report offers a more comprehensive overview of the current status of gold’s climate impacts

The gem and jewellery industry is already in doldrums as the domestic demand is almost wiped out due to high gold prices and back-breaking import duty of 12.50 per cent on gold, said a leading jeweller

The price of the precious metal was down Rs 44 at Rs 37,683 per 10 gram in the retail market in Mumbai in evening trade on September 30

The Bureau of Indian Standards (BIS), under the consumer affairs ministry, is the administrative authority of hallmarking

Alongside, they said, some people have used the opportunity to exchange old gold for cash as well

The illegal trade could rise further in coming months as India, raised an import tax on gold by 2.5 per cent to 12.5 per cent in July’s federal budget, effectively increasing smugglers’ margins

The overall dip in sales has affected wholesalers, retailers and artisans alike, and the sector is hoping the government will introduce relief measures just as it has for automobile and real estate sectors

Gold prices sustained an upward trend in past few weeks and surpassed the $1,550 per ounce mark for the first time in more than 6 years on Monday due to the US-China trade war, geopolitical tensions in the region and slowdown in global economy

On MCX, October gold futures were firm today, rising 1% to ₹39,152 per 10 grams

"We are dealing with higher import duty, erratic monsoon, slowing economic growth and then very volatile and all-time high gold prices and the demand really seems to be taking a backseat amongst all of this," says PR Somasundaram, MD-India at World Gold Council

India being a signatory to the World Trade Organisation (WTO), it is required to notify the WTO before introducing any mandatory regulation

Typically, the demand for gold reflects the expectations about the future, the prices of the precious metal tends to rise amid uncertain economic situations or political upheaval


 

Gold for delivery in most-traded October was trading lower by Rs 177, or 0.46 percent, to Rs 37,986 per 10 gram in a business volume of 3,044 lots

She ruled out any possibility of reduction in import duty citing that the country does not produce gold within its borders

In June, the imports went up 215 per cent and more than 500 per cent in July 

Trading at Rs 31,648 per 10 grams on April 1, 2019, standard gold price spiked to touch Rs 33,500 per 10 grams towards the end of the June quarter 

Imports of the yellow metal stood at USD 8.45 billion (about Rs 59,000 crore) in the same period of 2018-19 

Jewellers reported softening demand amid rising gold prices, which are up over 15% so far this year 

This friendship day celebrate the relationship that has no inhibitions, that has no conditions, accepts you in all your flaws and imperfections, but gently allows you to grow. If Friendship is your foundation of love, so special, that it deserves to be celebrated with an equally rare and precious metal – Platinum

After reviewing standards at global gold spot exchanges and Indian exchanges, the committee suggested that the exchange should have a tiered and flexible membership structure, with members meeting a minimum net worth requirement.

The first quarter of the year, gold demand increased to 2,181.7t in the first six months of 2019, an uplift of 8% compared with the first half of last year                                                                                                                    

The lack of demand in the gem & jewellery has resulted in many craftsmen and artisans being out of work and shifting to other businesses, where they are getting employment

Gold buying stagnated in India as local rates soared, though some investors used temporary price dips to buy, hoping to cash in on a further leg up

While Indian refiners supplied the bulk of the gold into the market, supply from this source grew only 2 per cent year-on-year as supply from refiners is nearing saturation point

Gold prices have already rallied 19% in 2019 due to worries over global economic growth from a prolonged US-China trade war, geopolitical tensions on Iran and US Federal Reserve rate jitters

Silver prices rose for the fourth consecutive day, surging Rs 935 to Rs 42,035 per kg on increased offtake by industrial units and coin makers

Gold of 99.9% and 99.5% purity surged ₹930 each to ₹35,800 per 10 gram and ₹35,630 per 10 gram

Weaker economic growth may soften gold consumer demand near term, but structural economic reforms in India and China will likely support long-term demand

The customs duty on gold has been increased. There’s already provision of 3 per cent GST. The customers now need to shell out 15.5 per cent extra on buying gold, which is quite high

Security controls have been tightened on 17 international flights originating from Vishakapatnam airport

According to Angel Commodities, last week, spot gold prices rose by 0.4 percent over rising global uncertainties coupled with weaker U.S. Dollar

This is the first time since January 1, 2018 – when VAT was introduced in the UAE - that there is such a gap in pricing between these markets 

The yellow metal traded in the range of Rs 35,590-Rs 35,655 per 10 grams in main markets such as Bengaluru, Delhi, Chennai, Kolkata and Jaipur

The council also urged that the Gold Monetisation Scheme be made more attractive so that the industry gets better access of domestic gold as raw material

Globally, spot gold was trading lower at USD 1,333.90 per ounce, while silver was down at $14.85 an ounce in New York

Traders attributed the decline in gold prices to fall in demand from local jewellers and a weak global trend

Rare and precious, platinum jewellery is an ideal choice to express the love and gratitude to celebrate the rare bond you share with your father

Prices of the yellow metal rose by Rs 110 to Rs 33,730 per 10 gram in the national capital

Spot gold was down 0.1 per cent to $1,328.25 per ounce as of 0124 GMT, after hitting its highest since Feb. 20 at $1,343.86 on Wednesday
 

The trade is also expecting that government will make an effort to increase banking to the gem and jewellery sector, which has been facing the brunt of the banks after the infamous Nirav Modi scam 

Sentiment in the domestic market turned bullish on the back of increased buying by jewellers and a positive trend in global markets coupled by a weaker rupee which led to the increase

Spot gold increased by 0.2 per cent to $1,286.89 an ounce on Monday, while rates at the souks and other retail outlets increased by more than Dh 1 

Imports expected to climb up to 18 per cent to 7.08 tonnes this year as platinum has become cheaper by Rs 8,090 per 10 gm when compared to gold  

Despite a slump in demand for gold jewellery across the UAE in 2018, Dubai's gold, jewellery and diamond sales reached Dh274 billion, an increase of about three compared to 2017

Manufacturers will be able to obtain gold locally from Surat thanks to loan facilities which offers various discounts on existing interest rates

Jewellers seem to be stocking gold as the price level is comfortable and there is no premium on gold. Investors too are seen taking an interest in gold. 

The decline in prices could be short-lived, however, as analysts predicted the precious metal will rise again this week to $1,298 an ounce due to geopolitical tensions in the Middle East and a US-China trade war.

According to PGI's 2019 Platinum Jewellery Business Review, young consumers, men’s jewellery and female self-purchase will build upon platinum’s pre-eminence in bridal jewellery to drive future demand

Strong US data and corporate results coupled with firmer dollar responsible for biggest one day percentage loss in a month

Owing to boost in financial markets, investors look towards equities causing drop in gold prices

Analysts revealed that participants could be taking positive cues from domestic markets, thereby pushing up prices at futures trade

According to a report by WGC, Uzbekistan emerged as the largest sellers of bullion with sales amounting to 6.2 tons in Jan-March 2019  

The yellow metal might see an increase in prices upto  Dh 3 per gram touching nearly $1300 an ounce

The yellow metal saw a slight decrease in prices, however positive global cues resctricted the fall

While the World Gold Council (WGC) has set voluntary guidelines for all countries, they have instructed respective country Governements to form their own regulatory norms  

Gold rates of 99.9 per cent and 99.5 per cent purity advanced by Rs 75 each to Rs 32,720 and Rs 32,550 per 10 gram, respectively, in Delhi, while silver falls by Rs 70 

World Gold Council (WGC) states that ongoing elections may act as headwin for gold demand due to restrictions on persons carrying cash exceeding Rs 50000. 

In the first quarter of 2019, global gold demand grew to 1.053.3t according to World Gold Council's latest Gold Demand Trends report.   

The 10.7 tonnes they sold over the three months is the best quarterly performance since Q4-17

As high-end consumers demand to know the origin of their treasures, some jewellers are ensuring they use responsibly sourced, eco-friendly or recycled gold

The slowdown in smuggling has boosted gold imports at banks in the world’s second-biggest buyer of the precious metal, allowing them to charge a premium over global prices

The All India Gem and Jewellery Domestic Council (GJC) has urged the consumer affairs ministry for standardisation in hallmarking purity across the country

In the international market, gold was trading lower at $1,289.83 an ounce and silver at $15.10 an ounce in New York.

Trade experts said softening prices of the yellow metal in the world markets could be the reason for the contraction in imports

According to a new federal order, there is a ban on unregulated deposit plans where in the consumers are promised installment waivers

Industry experts said softening prices of the precious metal in the world markets could be the reason for the contraction in imports. 

The report talks about how despite some improvement in the stock markets, gold continued its momentum from Q4 2018

Global gold demand reached 4,345.1 tonnes (t) in 2018, up 4% on 2017 and in line with five-year average demand of 4,347.5t, according to the WGC's latest Gold Demand Trends report. 

Born out of a combination of cutting-edge technology, Swiss ingenuity and watch making design, this is the new benchmark for men’s haute joaillerie.

The domestic industry has demanded a cut in import duty on gold to 4% from the current 10%

The gems and jewellery exports are likely to grow by up to 5 per cent this financial year, mainly aided by improving demand in the US market during the upcoming Christmas season, an industry body said Monday.

SEZs outperform DTA in gold jewellery export owing to beneficial zero-duty structure. The industry demands for a reduction in customs duty.

The Summit was inaugurated by Suresh Prabhu, Hon’ble Minister of Industry & Commerce who spoke of the importance of strengthening our exports market.

The World Gold Council and MMTC-PAMP India Pvt. Ltd. have jointly launched the ‘Precious Metals Assay and Training Institute’ (PMATI) to develop a new generation of skilled assayers. 

India has over 220 BIS-recognised assaying and hallmarking centres; and maximum of them are located in Tamil Nadu, followed by Kerala.

A holistic marketing campaign aims to create awareness amongst consumers to buy hallmarked gold during festive season.

 Lower gold prices saw retail investors take refuge in bars and coins, while jewellery purchases increased in India, China and across South-East Asia.

A fusion of contemporary edginess and style with heritage forms and craftsmanship

CaratLane - a Tanishq partnership announces its foray into silver jewellery with ‘Shaya’.

It’s true that the jewellery you choose is a reflection of your taste, feelings and fashion sensibilities, so don’t shy away from picking something that inspires you and speaks to you.

27 Leading Indian Silver Jewellery manufacturers and 49 International buyers from 16 countries participate at the BSM

With two distinct segments namely Jewellery which will include pieces designed with a stylistic approach suited for aristocratic appeal, while the Fine Silver segment exudes the noble attributes of silver showpieces.

The collection has wide variety of causal and party wear earrings.

The World Gold Council (WGC) said it will soon submit the blueprint on spot exchange for yellow metal to the government.

Ganpati is a unique collection from Tribe that pays tribute to the god of blessed beginning through its lovely handcrafted Ganesha designs and miniature handmade paintings.

‘Heritage Week’ by ANMOL celebrates the rich and diverse culture of the country while paying tribute to the Indian Karigars who work relentlessly to keep the Indian artistry alive.

The duty-paid gold imports into India, the world's second biggest buyer of the precious metal, declined by 31.56 per cent to 168 tonnes during the April-July period of this fiscal due to sluggish demand.

Avail of attractive discounts on a wide array of exclusive designs!

The brand has introduced two sterling cufflink gift sets for Raksha Bandhan that would suit every Indian brother’s taste.

Gaurav Jain has been elected as a President while Vikas Vaid will be the Vice President of the association.

Almost 600Kgs of gold and 3500Kgs of Silver goods were detained by the Customs Department at Jaipur Airport.

The design and symbols used in this collection preserve a sliver of ancient history, making each piece a timeless keepsake, apt for the centuries-old relationship between siblings.

The night hosted by GJC was sponsored by GIA, Uma Ornaments and BVC Logistics.

Global gold demand remained muted in Q2 2018 at 964 tonnes (t), 4% below the same period in 2017, according to the World Gold Council’s latest Gold Demand Trends report. Slower inflows into gold-backed exchange-traded funds (ETFs) created a weak comparison against the highs of last year, contributing to the lowest H1 demand since 2009. Whilst China, the world’s largest gold market, saw a 7% rise in consumer demand.

GJEPC organizes skill training programme for Gems & Jewellery Sector

The brand provides exclusive jewellery, by customizing and restoring the old pieces.

The collection of sterling silver cocktail rings captures the natural effervescence of raindrops and takes inspiration from the season of heavenly showers.

In the short-term, geopolitical tensions especially between the U.S. and China would continue to impact the diamond sector, while rising prices and a falling rupee would weigh negatively on the gold jewellery segment, says Care Ratings report

Licence fees will now be known as Registration fees and it will be based on turnover in place population.

A total of 18 tax items involving jewellery categories are included in the tariff reduction, with an average tariff rate drop of 68 per cent.

Fuelled by an expanding economy and rising wealth, China's gold jewellery demand has boomed since the early 2000s.

Silver also dropped on lack of demand from industrial users.

The two nations implemented a free trade agreement in January 2010. Under the pact, basic customs duty on gold was eliminated.

Under the 'bonded basis' imports, the duty free consignment will not be allowed for domestic use and the entire gold will have to be exported after value addition.

Beautifully crafted wrist cuffs, bangles, rings and heavy earrings look regal in yellow gold.

The gold jewellery demand is likely to face pressure in the long term, however, the country's demographics will offset the trends and boost demand, the World Gold Council (WGC) said in a report today.

The World Gold Council today launched a one-off essay collection, Gold 2048, bringingtogether industry-leading experts from across the globe to analyse how the gold market is set to evolve in the next 30 years.

The collection “ADI – SHAKTI” is curated with traditional jewellery giving contemporary twist for women of all age groups who aspire to be independent, creative and at the same time deeply feminine.

Bhindi Manufacturers is a globally reputed jewellery manufacturing house with a glorious tradition of excellence of over twelve years.

Bitcoin’s parabolic price rise was the big story of 2017 – putting the spotlight on the cryptocurrency market. While gold’s performance was a solid 13%, it was a fraction of the 13-fold increase of bitcoin by the end of the year.

The upcoming B2B show will provide an excellent platform for buyers and suppliers to connect, network, exchange ideas, discover upcoming trends and generate business opportunities.

120 stunning designs have been nominated in 13 broad categories

Recently, CARE had moved Nathella Sampath Jewellery to ‘Default’ rating based on the available public information

A leader in watches & everyday jewellery, Tanishq aims to enter the bridal segment with Rivaah

4 broad categories and over 600 jewellery designs are waiting for your precious vote.

The importers will now have to obtain a license from the Directorate General of Foreign Trade (DGFT) for importing gold and silver from South Korea.

Luxury Jewellery house Manubhai Jewellers, known for their mesmerizing designs launches its latest range of Jhumkhis for the festive season with a dedicated Jhumkhi Festival.

Economic Suvery Volume II 2016-17 stated that 3 per cent GST on gold is low and are disproportionately consumed by the ‘very rich’.

The campaign is dedicated to promote national defense effort amongst the people wherein the entire family will be donating donate Rs. 1 or more each day for 365 days and the collected fund will be donated to ‘Indian Army Welfare Fund’.

The government has banned exports of gold jewellery, medallions and other articles above 22-carat purity in a bid to check round tripping of the precious metal.

The jewellery is inspired by Being Human’s 6 core brand values as love, care, share joy, help and hope.

The 'Mangal sutra Mohatsav' will continue till 20th August 2017.

Chennai based jewellers approach Chief Minister Edappadi K.Palaniswami for GST exemption on a few gold and silver ornaments.

Izaara, a premium silver Jewellery brand unveils a spellbinding range of festive Jewellery that is expressive but not expensive.

The handcrafted gold Peacock set has a very unique and exclusive design.

Shobha Shringar Jewellers was the official jewellery partner for Fbb Colours Femina Miss India 2017

Adawna, a contemporary silver jewelry brand presents its latest assortment shaded in beautiful Marsala hues.

Over 50 year old brand is known for innovative designs and workmanship for Mangalsutras.

Around 1000 Tulsi plants were distributed in the city.

Izaara, a premium silver Jewellery brand from the house of WHP Jewellers establishes 26 unique touch points PAN India with kiosks across 5 PVRs in Mumbai.

A tribute to the awe-inspiring workmanship of the sacred places of worship through these splendid pieces of sculptured jewellery

Celebrate EID With A Range of Multi Functional Passas From  Ghanasingh BE TRUE 

A perfect balance of timeless elegance and culture, the Soulmist collection imbibes rich elements of Sufism into every piece. 

Izaara, a premium silver Jewellery brand initiates a fresh trend with an entrancing range of statement earrings where each silver bauble derives its inspiration from the Italian craftsmanship.

 This Father’s Day, Anmol celebrates the spirit of fatherhood with an exquisite range of men’s jewellery.

Taking inspiration from the tiny ​droplets of water and the serene colours of the season​,​ Ghanasingh BE TRUE presents an exquisite new range of jewels this monsoon.

India, whose forte lies in crafting intricate handmade gold jewellery, should capitalise on this opportunity by building necessary infrastructure, Commerce and Industry Minister Nirmala Sitharaman said.

 The 185 years old heritage brand PNG Jewellers announces its much awaited second edition of Painjan Mahotsav commencing from 15^thJune, 2017.

Renowned designer, Falguni Mehta envisions a bespoke range that makes for an instant heirloom upgrade for the Brides-to be. 

IEC holders are required to quote their PAN (in place of existing IEC) in all their future documentation, w.e.f. the notified date.

The collection comprises of earrings, trendy handcuffs and stylish rings.

Iconic fine jewellery label Gehna Jewellers presents a refreshing wedding collection inspired by the beauty of monsoons.

Gold extended its downward movement for the fourth straight day as the prices fell Rs 70 to Rs 29,300 per 10 grams at the bullion market.

GST Council’s earlier decision on fixing 18% GST on making charges on jewellery received a lot of flak from the jewellery industry.

The 3 percent tax on gold jewellery is not likely to cause any major disruption to the overall gold demand, ICRA said in a report.

Banning of 24-carat jewellery may help prevent misuse of bank funds and round-tripping of gold according to finance ministry.

Maintaining an upward trend for the third straight session today, gold prices rose by Rs 160 to Rs 29,750 per 10 grams at the bullion market 

GJEPC raising its concern over GST on Diamonds mentioned in a release that the move would cause a set-back to the export oriented diamond industry.

Featuring 15 adorable animal characters, this collection is a fusion of lively colours that catch the eye.

Minawala launches Fire & Ice, dual tone gold jewellery.

WGC latest report shows that Indian gold demand supported world gold demand in the first quarter of 2017.

Izaara, a premium silver jewellery brand adds glamour to the adventure of the modern women on wanderlust with a stunning range of earrings.

Tanya Rastogi captures the enigma of cerise in her Cocktail Earrings collection with scintillating rubies.

Manubhai Jewellers brings in the magic of monsoon with a splendid range of Cocktail Rings inspired by nuances of rainy season. 

The ‘Stardust’ collection comprises of dainty earrings, rings and pendant sets meticulously handcrafted in 18K Rose Gold and embellished with sparkling diamonds in graceful and contemporary designs.

Cash flow normalising, the buyers thronged to buy gold and jewellery on the Akshay Tritiya,
reports Kavita Parab.

Reliance Jewels brings to you an exclusive wedding collection that embarks the beginning of a new journey with celebration, love and happiness.

Dillano Jewels, the luxury precious jewellery brand launches jewellery for the modern women. 

The success in Asian countries has given Trollbeads taste for more of Asia. Hence, Trollbeads has now set its eyes on India. 

’Durja’, in Sanskrit means invincible’ and is a tribute to the mighty and majestic creature-  the elephant.

On the anvil of the wedding season, PNG Jewellers is back to enthral you with an unbelievable offer on light weight diamond you cannot resist. 

Adawna presents its exclusive range of “Minimal Jewellery” collection for modern women.

Anaqa Jewels, one stop destination for all kinds of jewellery introduces its chic and gorgeous chains collection.

Upscale your travel extravaganza with the perfect travel companions in the form of pretty dainty hoops and bracelets from Entice.

Sangeeta Boochra unleashes wild jewellery pieces inspired by animals.

The collection depicts the various animals and insects that represent life in a forest.

Iconic Fine Jewellery Label, Gehna Jewellers celebrates the purest form of love – the bond between a mother and daughter with their new Heirloom Collection.  

The new Tiffany HardWear collection presented in the campaign embodies the strength and spirit of the modern woman, imbued with the soul of New York. 

Manubhai Jewellers captures the royal charm in its enticing range of Cocktail Earrings.

Yoube Jewellery, a diamond design house has an endearing collection especially for world’s most beautiful women – Mothers.

Indian jewellery demand consumed a 15 per cent higher - 124 t of gold jewellery due to RBI’s remonetisation buoying consumer sentiment.

The 'Be Mine' collection is a tribute to the love and the ease of life.

Gioielli by Parneet Thukral, a contemporary fashion Jewellery brand, launches its latest chic and gorgeous tassel collection. 

Blake Lively wore Lorraine Schwarz's 130 carats of sapphire accessories and a 50-carat diamond ring.

 Cherish the bond that you most deeply respect and hold dear with the overarching superwoman in your life through 'Shine On’ diamond jewellery range.

Amrapali Jewels, the official jewellery designers for “Baahubali 2” launched the “Baahubali” collection.

 Keeping alive the summer vibes, the brand presents an exciting range of trinkets ranging from striking danglers, chic tennis bracelets to classic ear studs. 

G&J exports account for 15.71% of the country’s total exports in FY17.

After a dull 2016, jewellers are expecting a good run this year with an increase in around 15 per cent in sales, reports Kavita Parab.

Introduces ‘Nava’, ‘B-Iconic’ and ‘Blockbuster’ collections ahead of the auspicious festival, with a range of exciting offers.

Each Jewellery piece is being crafted in 22 kt gold and embellished with the diamond and white gold.

Kalyan Jewellers today acquired the online jewellery firm Candere to augment its presence in the growing online jewellery segment for an undisclosed sum.

This Akshaya Tritiya, shoppers can bring home endless prosperity with temple jewellery from Navrathan Jewellers.

Industry looking forward to this day, as it is just before GST, says Nitin Khandelwal, Chairman GJF.

Ghanasingh BE TRUE Presents ​'A Jewellery Festival' with Exciting Offers on the Auspicious Occasion Of Akshaya Tritya.

Usher in happiness and prosperity this Akshaya Tritiya with Sangeeta Boochra's range of auspicious jewellery. 

Spread over 2200 sq.ft.area, this one of a kind store offers fine handcrafted luxury jewellery to its clients.

Trading in gold ETFs will resume at 1630 hrs and continue till 1900 hrs after the markets close at 1530 hrs.

Renowned for ornamental legacy, jewellery Connoisseur Tanya Rastogi brings in Festive Earring Collection that reflects the royal hues and richness of Indian Culture.

As Akshaya Tritiya, one of the most auspicious day for buying gold approaches, Manubhai Jewellers announces luxurious designs at its ‘Bangle Fest’. 

Chennai-based Prince Jewellery now has 4 stores now under its wing; the brand new store opened at Tambaram, Chennai.

Known for its luxurious designs, 2Divine – The Lifestyle Temple by Dimple Nahar unveils their latest collection for Akshaya Tritiya.

Following the successof Bibhu Mohapatra’s debut jewelry line with Forevermark, the extension of the versatile Artemis™Collection is now available.