Rising gold prices and a subdued consumer environment are likely to weaken demand for the yellow metal in one of the world’s top markets for gold in FY2020, ratings agency ICRA said in its outlook for the Indian gold jewellery retail sector on Wednesday. ICRA expects gold jewellery demand to be subdued in FY2020 with … Read More →
While buying gold jewellery, it’s advisable to check the hallmark to ensure you get what you are paying for and its purity is as promised by the jeweller. Hallmark is basically a certification of purity given by assaying and hallmarking centres (AHCs) accredited by the Bureau of Indian Standards (BIS). With the government planning to … Read More →
At least 40 kg silver, 300-grammes gold, diamond jewellery worth Rs 2,00,000 and cash worth Rs 2,00,0000 has been reported stolen in a burglary at Nakoda Jewellers, located in Kumar Classic Society, Aundh, on Thursday. The total theft is worth Rs 29,35,00, according to the complaint. The store is owned by Vijay Mohanlal Sonigara, 52, … Read More →
Gold prices have gained steadily over the past few months, thanks to fragile equity market sentiment and fears of global economic slowdown as US-China trade war intensifies. Thus far in calendar year 2019 (CY19), gold prices have surged 24 per cent. Silver, too, has gained 24.3 per cent during this period as investors flocked to … Read More →
New Delhi: The commerce ministry should approve on a priority basis a proposal to make BIS hallmarking mandatory for gold jewellery before Diwali, Consumer Affairs Minister Ram Vilas Paswan said on Thursday. The hallmarking of gold, which is voluntary in nature at present, is a purity certification of the precious metal. The Bureau of Indian Standards (BIS), … Read More →
To combat the soaring gold price, jewellery companies have come up with innovative strategies to protect gold from volatile fluctuations. In a bid to help their customers combat unwanted gold rate fluctuations, various jewellery brands have introduced different innovative ideas that aim at gold rate protection plan. Under this plan, customers can book their jewellery … Read More →
Mumbai: On the onset of the Union Budget for 2019-20, the gems and jewellery sector has unanimously sought a reduction of gold import duty to 4 percent to check smuggling in a big way. In a representation, the All India Gem and Jewellery Domestic Council (GJC) said the 10 percent import duty on gold was levied … Read More →