Business news

Polishing up: Money laundering rules to apply to gems and jewellery sector

The move to put the gems and jewellery sector under the PMLA's purview, is part of steps to stop misuse and laundering of money by the sector.

26 days ago

No rain checks: Monsoon, restocking jewellers will perk up gold imports

Import growth could taper off in coming months as jewellers restocked earlier than usual this year, fearing higher taxes.

Aug 13, 2017

Weak domestic demand, global cues pull gold prices down

On Saturday, gold and silver prices drifted lower in Delhi bullion market.

Aug 5, 2017

Demand for gold jewellery in India rises 41% in June quarter: World Gold Council

As against the world average of 8 percent, the demand for gold jewellery in India shot up 41 percent in June quarter, the WGC says.

Aug 3, 2017

No GST on sale of old gold, vehicles: Report

The Centre's clarification comes after an initial statement that sale of old gold jewellery will be subject to 3 percent GST.

Jul 14, 2017

India's gold imports more than double in five months; May trade deficit rises to $13.84 billion

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

Gold is cold: GST might tarnish profits of the jewellery sector, fear jewellers

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

Gold discounts galore, but no glitter in demand

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

GST rates on gold, footwear evoke sharp, funny responses on Twitter

The 15th Goods and Services (GST) Council meeting on Saturday finalised tax rates on gold, biscuits, diamond, footwear and garments.

Jun 3, 2017

Gold hits one-week low as stocks, dollar gain after upbeat US data

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

Indians bought more gold than Americans in March quarter, World Gold Council data shows

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

We are hopeful of 1.25% GST rate on gold: Abaran Jewellers CEO Pratap Kamath

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

NIFT, Senco Gold boost budding designers, new styles

To execute the two-way collaboration, students from the institute will intern at the jewellery company, which will showcase their designs.

May 27, 2017

Gold demand rises 15% in India for March quarter, falls 18% globally: World Gold Council

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

Akshaya Tritiya overcomes note-ban shadow, sees jump in gold sales

Gold price hovered around Rs 29,000 per 10 gram for 24-carat purity in the national capital on Friday.

Apr 28, 2017