gold
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Gold surges Rs 1,000 to breach Rs 82k-mark as Diwali sparkles demand
PTI -
The precious metal of 99.5% purity also climbed Rs 1,000 to hit an all-time high of Rs 82,000 per 10 grams in the local markets.New Delhi: Gold prices saw a steep surge of Rs 1,000 and breached the psychological...
Fashion & Lifestyle
Record high gold prices take sheen off jewellery sales
PTI -
Gold price is currently hovering around Rs 80,000 per 10 grams, while silver prices have crossed Rs 1,00,000 per kg in the national capitalMumbai: Jewellers and retailers in India expect demand to stay muted and volumes to decline this...
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India’s gems, jewellery sector vulnerable to money laundering, terrorist financing: FATF
PTI -
The report recommended that India should include qualitative and quantitative data and typologies from domestic and international sources on the money laundering risks associated with precious metals and stones smuggled into and circulating in IndiaNew Delhi: The ease with...
Fashion & Lifestyle
Govt cuts customs duty on gold, silver, mobile phones
PTI -
The Budget 2024 proposed reduction in basic customs duty on gold and silver to 6 per cent, platinum to 6.4 per cent and mobile phones, mobile charger to 15 per centNew Delhi: Finance Minister Nirmala Sitharaman on Tuesday proposed...
Latest News
Gems, jewellery industry urges govt for duty reduction, increase PAN card transaction limit
PTI -
Currently, the basic customs duty is at 12.5 per cent ad valorem, which takes the total tax to 18.45 per cent on the imported goldMumbai: The gems and jewellery industry has urged withdrawal of hike in basic customs duty...
Latest News
Tanishq strengthens retail network with 50th store in TN
PTI -
Tanishq's latest store is spread across 6,800 sq. ft and is offering a wide range of signature Tanishq designsChennai: Noted jewellery brand Tanishq of diversified conglomerate Tata Group inaugurated its 50th outlet in the State, strengthening its retail footprint...
Retail
Retail gold sales down on Akshaya Tritiya
IANS -
Retail gold sales are noticeably down on the auspicious Akshaya Tritiya this year owing to several factors, said a leading jewellers association chief.Mumbai Jewellers Federation President Rakesh Shetty said the reasons for the poor sentiments were the higher rates...
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India's Q4 gold demand up 3.3 pc; full year demand drops: World Gold Council
IANS -
The government's demonetization move appears not to have affected the demand for gold, which went up by 3.3 per cent in the fourth quarter (October-December) of 2016, data released by the World Gold Council showed on Friday.
However, gold demand...
Latest News
Note ban impact on gold buying will wane after budget: World Gold Council
IANS -
India's demonetization drive has impacted gold demand in the short term but buying is showing signs of revival and post the presentation of the national budget on February 1, the market will be back to normal, says the India...
Latest News
It was all glitter for gold market in 2016
IANS -
It was all glitter for the gold market in 2016, at least as far as price was concerned.
"Gold prices went up by 15-20 per cent on an average throughout the year. Overall price wise it was a good year,...
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Starbucks ‘fully committed’ to Indian market, says India JV Tata Starbucks
Tata Starbucks is a 50:50 joint venture between Tata Group FMCG arm Tata Consumer Products Ltd (TCPL) and US-based...
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