The Centre's clarification comes after an initial statement that sale of old gold jewellery will be subject to 3 percent GST.
12 days ago
Gold imports rose 131.7 percent to $18.49 billion between January and May this year as against $7.98 billion, YoY.
Jun 16, 2017
Apex bullion dealers body India Bullion and Jewellers Association (IBJA) has said that the GST structure will block 87 per cent working capital to the industry.
Jun 11, 2017
Traders note that business typically comes down in June. Traders are overstocked currently, and the market is likely to trade in discount over the next few days
Jun 8, 2017
The 15th Goods and Services (GST) Council meeting on Saturday finalised tax rates on gold, biscuits, diamond, footwear and garments.
Jun 3, 2017
Gold fell to its lowest in a week after upbeat US private sector job figures seemed to boost the odds for an increase in the interest rate this month.
Jun 2, 2017
In Q1, demand for gold jewellery in India was 92.3 tonnes in comparison to 22.9 tonnes in the US, according to WGC data.
May 31, 2017
The Goods and Services Tax (GST) Council will be deciding on fixing rate on gold at its meeting on June 3. Pratap Kamath, Bengaluru-based jeweller and founder-member of All India Gems and Jewellery Trade Federation shares his views.
May 29, 2017
To execute the two-way collaboration, students from the institute will intern at the jewellery company, which will showcase their designs.
May 27, 2017
For the January to March quarter this year, gold demand in India was 123.5 tonnes, according to the World Gold Council (WGC).
May 4, 2017
Gold price hovered around Rs 29,000 per 10 gram for 24-carat purity in the national capital on Friday.
Apr 28, 2017
Strong global cues and increased buying by jewellers in India led to gold prices rising in India.
Apr 22, 2017
China's Shandong Gold Group said 382 tonnes of gold reserves have been detected till now in the Shandong Province.
Mar 30, 2017
The Finance Bill 2017, amended by the Modi government, has put a limit of Rs 2 lakh on all cash transactions effective from April 1.
Mar 23, 2017
On Friday, gold prices decline Rs 400 tracking global cues while the metal fell below $1,200 per ounce ahead of US jobs data.
Mar 10, 2017