Aditya Birla Capital will enter India’s gold loan market, targeting 1,000 dedicated branches over three years as rising gold values support secured lending demand.

Despite soaring gold rates, PC Jeweller delivered a robust second-quarter performance, posting higher profits and stronger revenues as consumers continued to purchase lighter-carat jewellery and gold coins across India.

The recent acquisition of the IGI grading labs has spurred discussions of an initial public offering (IPO) in India, as per a Reuters report

Gold edges higher in Indian market hovering near an all-time high

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

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

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

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

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

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

While jewellers usually build inventory ahead of Diwali and Dhanteras, they haven't made any big purchases this time after seeing poor sales on the occasion of Dussehra, earlier this month

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

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

The event also witnessed the release of the book titled “Diamonds and their Source rocks in India”