Kalyan Jewellers Launches Gold4India Initiative to Reduce Gold Imports by 5 Tonnes
The four-pillar initiative focuses on old gold exchange, gold monetisation, community outreach and wider adoption of 18K jewellery to encourage domestic gold recirculation.
Government may revive gold deposit scheme to unlock idle household gold
The government is considering changes to its gold deposit framework, including a role for jewellers, to bring more privately held gold into the financial system and reduce import dependence.
GJC Opens Mumbai Office, Submits Gold Monetization Scheme Roadmap
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.
Jewellery Industry Backs Gold Conservation Push Amid Duty Hike Concerns
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.
Motisons Jewellers Soars Ahead of Stock Split Announcement, Rises 101% in 31 Days
Shares of Motisons Jewellers surged to a new high of Rs 287.85 on the BSE, marking a 12% increase in intraday trading ahead of a board meeting scheduled for September 19, 2024, to consider a stock split
All India Gem & Jewellery Council Seeks Customs Duty Reduction in Pre-Budget Recommendations
The All India Gem & Jewellery Domestic Council advocates for a reduction in customs duties, presenting crucial pre-budget recommendations
Gold jewellery hallmarking now mandatory in 343 districts
The move is aimed at ensuring the quality and purity of gold jewellery and protecting the interests of consumers
The World Gold Council issues a latest report detailing the state of India's gold market
The World Gold Council (WGC) has published a new report titled ‘India Gold Market - Reform and growth’
WGC: India Ranks Fourth in Global Gold Recycling with Refining Capacity of 1800 Tonnes as of 2021
The World Gold Council today launched a report titled ‘Gold Refining And Recycling’
Imports account for 86% of India’s gold supply between 2016-2020: WGC report
Indian official imports have continued to grow despite high import duty, averaging 760t since the first duty hike in 2012
Bullion exchange to solidify India’s image as gold trading hub: GJEPC
The GJEPC has been propagating the benefits of setting up a Bullion Exchange that can focus on price discovery
SEBI member says gold imports should be routed through exchange ecosystem
Such a step would ensure that gold monetisation takes place right at the source as the metal enters the country
Proposed Retaliatory Tariffs By The US May Affect Jewellery Sector
According to Colin Shah, Chairman GJEPC with global demand rising, exports to the US, Hong Kong and the UAE have displayed gradual growth. In India, key sectors like gold and diamond will show significant rise as the pandemic comes under control
Jewellers Can Now Repay Part Of Gold Loan In Physical Gold
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
Exemption of AIDC on Gold/Silver Bars and Dore to Boost Jewellery Exports: GJEPC
The Finance Ministry has issued a notification dated 17th February 2021, of the amendments made to the finance bill 2021 with regards to the Agriculture Infrastructure and Development Cess (AIDC) exemption on gold/Silver bars and dore for exporters
