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2 mins read

Budget import duty cut will boost gold jewellery retailers' revenues by 22-25% this fiscal, notes CRISIL report

The organised jewellery sector, which accounts for just over a third of the overall market, is pois…

ANI   


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India will spend ₹4.25 lakh crore on 35 lakh planned weddings in Nov-Dec: PL Capital report

India will spend Rs 4.25 lakh crore on projected 35 lakh weddings planned between November to mid-D…

ANI   


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3 mins read

Domestic gold prices surge 10% amid global price rally, central bank buying: World Gold Council

The reduction in import duty has ignited a resurgence in gold demand across India. Reports from the…

ANI   


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2 mins read

Gold imports dip 4.23% to $12.64 billion in Apr-July 2024

In April, the imports jumped to $ 3.11 billion from one billion in April 2023. According to a jewel…

PTI   


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3 mins read

Here's what will get cheaper and costlier after this Budget

One aspect that always garners much traction on the Budget day is what got cheaper and what got cos…

ANI   


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4 mins read

Gold, silver import from UAE surged 210% in 2023-24; Need duty revision in FTA: GTRI

India's gold and silver imports from its free trade agreement (FTA) partner UAE have skyrocketed 21…

PTI   


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3 mins read

Gold prices drop by Rs 5,000/10gm post Budget; bring cheers to retail investors

After the duty cut, the yellow metal has declined Rs 5,000 per 10 grams or 7.1% in the past three s…

PTI   


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2 mins read

Gold shines as demand for safe haven asset strong; Infomerics Ratings anticipates 10% price jump this year

Historical trends, such as the surge during the Russia-Ukraine war, highlight gold's role as a safe…

ANI   


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3 mins read

India's gold demand dips 5% to 149.7 tonnes in June quarter on high prices: WGC

However, in value terms, gold demand increased 17 per cent during the second quarter at Rs 93,8…

PTI   


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4 mins read

India's gold demand up 8% in Jan-Mar to 136.6 tonne despite high rate

India's gold demand in value terms rose 20 per cent on an annual basis to Rs 75,470 crore durin…

PTI   


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1 min read

Centre hikes import duty on platinum to 15.4%

Import duty on platinum has been increased to a total of 15.4 per cent with effect from Monday thro…

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2 mins read

India's gold demand dips 3% in 2023 on high prices: World Gold Council

India's gold demand witnessed on-year decline of 3 per cent at 747.5 tonnes in 2023, and going ahe…

PTI   


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1 min read

Gold import duty hiked to 15% from 10.75% earlier

Earlier, the basic customs duty on gold was 7.5 per cent, now it will be 12.5 per cent. Along with …

PTI   


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2 mins read

Govt announces hike in basic customs duty on silver to 10% to check imports

The government on Wednesday announced increasing the basic customs duty on silver, both in dore and…

PTI   


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2 mins read

Smuggled gold seizures rise 43% to 2,000 kg during April-September

Smuggled gold seizures have increased nearly 43% to 2,000 kilogramme during April-September, with m…

PTI   


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4 mins read

India’s rich to shell out more for luxury cars, global travel but may have more to invest

The Union Budget 2023-24 is being hailed as the common man’s budget, but at the same time many …

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2 mins read

Commerce Ministry proposes cut in gold import duty in Budget

New Delhi, Jan 13 () The commerce ministry has sought reduction in the import duty on gold in the f…

PTI   


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3 mins read

Gold prices hit life-time high amid looming recession & hope that Fed will slow its rate hikes

Gold is always seen not just as a good hedge against inflation but also a safe haven against numero…

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4 mins read

Gold and silver jewellery to get a lot more expensive

Jewellery is set to get a lot more expensive, as customs duty on precious metals, articles of gold,…

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3 mins read

Budget 2021: Gems and jewellery industry seeks reduction of import duty to 4%

He further urged the government to keep goods falling under HSN-71 (Harmonised System Nomenclat…

PTI