Loans of women members of SHGs, jewel loans of poor will be waived: TN CM K Palaniswami
The move is to help the poor who borrowed after being hit by the pandemic induced economic slump and could not now clear their dues, Palaniswami said.
PNG & Sons: A gem among luxury jewellers
The jewellery brand has a business presence across 29 retail stores in India.
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Omnichannel jewellers ride on demand for sub-Rs 20,000 category
Jewellers bet on this range to drive their sales till there is a significant recovery in the economy even as many small town customers have started buying jewellery online.
India’s appetite for the yellow metal to be satiated soon with more local supplies
India is home to about 25,000 tonnes of gold, worth around Rs 125 lakh crore. India imports about 700 tonnes of gold every year and is the second-largest consumer after China.
Revamped Gold Scheme: Minimum deposit cut to 10 gm, jewellers roped in
Mobilising most of the idle gold from Indian households will help the country reduce dependence on import of gold and address the issue of current account deficit.
What made gold plunge by Rs 1,800 per 10 grams to below Rs 48,000?
Sithraman proposed to cut duty on gold and silver to 7.5 per cent from 12.5 per cent, meeting industry demand. However, she also proposed Agriculture infrastructure and development cess at the rate of 2.5%.
Jewellers see steady consumer footfall in the week ahead of Budget
A large section of jewellers and bullion dealers told ET that the government is unlikely to cut import duty on gold, which stands at 12.5% now, as it intends to keep gold imports down and unlock the idle yellow metal lying in Indian households.
Hedging effectiveness, low-rate environment to support gold demand this year: WGC
The COVID-19 pandemic raised uncertainty by compounding existing risks and creating new ones. But by the end of last year, investors were optimistic that the worst was over.
What is futures trading?
This is because futures trading is highly levered, involving payment of a margin which typically is a fraction of the actual commodity cost.
Dhanteras gold jewellery sales may record 35% rise
Jewellers are witnessing a lot of pent-up demand in the market after a hiatus of almost eight months when concerns over the pandemic had forced consumers to avoid non-essential purchases and conserve cash.
Gold jewellers stare at a gloomy Diwali as high prices hit demand
"Retail demand has started falling due to the price rise. Even jewellers have cut down purchases," said Mukesh Kothari, director at Mumbai gold dealer RiddiSiddhi Bullions.
Indian jewellers gear up for next festival as gold sales pick pace
"Dussehra sales gave confidence to jewellers. They're now buying for Diwali," said a Mumbai-based dealer with a bullion importing bank.
India gold premiums rise as jewellers boost festive stocks
"Investment demand was good in the last few days. Retail demand for jewellery is still weak, but it could improve during the festive season," said Ashok Jain, proprietor of Mumbai-based gold wholesaler Chenaji Narsinghji.
Gold demand revives as jewellers start restocking for festive and wedding season
Until a week ago, bullion dealers were offering discounts on gold. But with the onset of Navratri demand, they have started charging a premium over the official price of gold.