Pune jewellers have reported continued demand for gold and silver Ganapati ornaments during Ganeshotsav, with buyers shifting towards lighter and smaller pieces as precious-metal prices remain elevated.

CIBJO 2026 highlights how soaring bullion prices are reshaping jewellery design, purity and retail strategy, with India emerging as a key growth market.

The government is considering reducing gold and silver import duties after the 15% levy failed to curb imports and was linked to growth in India’s grey market.

Precious-metal rakhis, coins and lightweight jewellery were the flavour of the season this year, with customers choosing keepsakes with lasting value over chocolates and traditional presents, discovers Preeti Kulkarni

Jewellery demand in Ahmedabad has picked up ahead of Rakshabandhan, with consumers opting for silver rakhis, coins, lightweight gold jewellery and lower-carat products despite high prices.

Gold and silver prices are expected to remain firm next week as investors await key US economic data, while elevated levels could trigger profit-booking in bullion markets.

Mirari Jewels has introduced its Sacred Symbols Collection for Raksha Bandhan 2026, featuring 14K gold unisex signet rings and convertible Rakhis designed for everyday wear.

MCX silver futures rose Rs 2,134 per kg on August 10, while gold declined Rs 360 as investors booked profits and awaited US inflation data for rate cues.

As India raises gold import duty from 6% to 15% amid economic pressure and a weakening rupee, the jewellery industry is preparing for higher prices, evolving demand, and possible market disruption, discovers Khursheed Mistry.

The All India Gem & Jewellery Domestic Council inaugurated its Mumbai office on May 14 while urging industry support for revised gold duty measures and proposing a structured Gold Monetization Scheme roadmap.

As India raises gold import duty to 15%, leading jewellery players and trade bodies support gold conservation measures while warning of liquidity pressure, export challenges and rising risks to MSMEs.

The Finance Ministry has increased customs duty across multiple precious metal and jewellery categories, impacting gold, silver, platinum findings and recycled precious metal imports effective from May 13, 2026.

Instamart partners with Kalyan Jewellers to introduce gold rate protection between April 10–16, 2026, allowing consumers to lock prices and complete purchases on Akshaya Tritiya at lower prevailing rates.

Gold and silver exchange-traded funds declined up to 4% in India after crude oil prices surged and the US dollar strengthened, dampening bullion sentiment and delaying expectations of global interest-rate cuts.