Monthly gold imports have declined to 25-30 tonnes from 70-80 tonnes while recycling of old jewellery has increased following the recent hike in import duties.
A man accused of duping an Indore-based trader of Rs 10 lakh by selling artificial gold was arrested in Jhansi after a police encounter. The accused, Deepchand Kushwaha, was injured during retaliatory firing, and police recovered a portion of the cheated amount.
Indian boxer Jyoti secured the country's only gold medal at the World Boxing Cup 2 in Guiyang, China, defeating Uzbekistan's Farzona Fozilova in the 48kg final.
The Directorate of Revenue Intelligence (DRI) has dismantled a gold smuggling syndicate at Mumbai's international airport, seizing 2.6 kg of gold in wax form, valued at approximately Rs 4.20 crore.
'Unfortunately, today most ministers are busy with either election duty or praising duty. They are not interested in serving duty.' 'Ministers have become relaxed like retired people still holding onto jobs.' 'Look at how the NEET paper leaked. But there is no accountability.' 'After 12 years, they have become saturated. They are short of ideas.'
The government has refuted rumours of a monetisation scheme for gold held by temple trusts and religious institutions, clarifying that such claims are false and misleading.
Titan will continue investments, even as it notes it is too early to assess how customer sentiment and store footfalls will be impacted by the Prime Minister's appeal to reduce gold consumption and the recent hike in import duty.
'What exactly is on the prime minister's mind, we do not know. But it feels like the government wants the country to be prepared for unseen challenges ahead.'
Leading Indian jewellery bodies, including the All India Gem & Jewellery Domestic Council (GJC) and Malabar Gold & Diamonds, have expressed support for Prime Minister Narendra Modi's appeal to reduce gold imports and are advocating for enhancements to the Gold Monetisation Scheme (GMS) to unlock India's vast idle gold reserves.
'Even last year, when India bought gold, the physical quantity was much less than the previous years.'
Indian rowers Balraj Panwar and Babu Lal Yadav are confident of winning gold medals at the upcoming Asian Games in Japan, aiming to improve upon their previous performances and end India's wait for a rowing gold at the event.
Jammu and Kashmir Chief Minister Omar Abdullah congratulated 14-year-old boxer Mohammad Yasser from Rajouri on winning a gold medal at the Asian U-15 Boxing Championship in Tashkent, Uzbekistan.
Despite a sharp increase in import duties on gold and silver to 15 per cent, the precious metals are trading at significant discounts in the domestic market, with gold seeing discounts of up to $200 an ounce and silver up to $6 an ounce.
Esha Singh won gold in the women's 25m pistol final at the ISSF World Cup in Munich, setting a new world record score of 43. This is India's first medal at the Munich World Cup.
'Every year we import approximately $70 billion worth of gold -- closer to $72 billion in 2025-2026, an all-time record.' 'There is no parallel for this anywhere in the world. And this love for gold will not disappear overnight.'
The Indian government has increased import duties on gold and silver from 6 per cent to 15 per cent to curb inbound shipments of precious metals amid a rising import bill due to the West Asia crisis.
Congress leader Rahul Gandhi has criticised Prime Minister Narendra Modi's call for citizens to make economic sacrifices in response to the West Asia conflict, calling it 'evidence of failure'. Gandhi accused Modi of shifting responsibility onto the public and being incapable of running the country.
The gems and jewellery industry anticipates challenging times following the government's decision to increase gold import duty to 15 per cent, a move that exporters warn could fuel the grey market and heighten smuggling risks.
South Korea and Japan secured gold medals in the men's sabre and women's foil team events, respectively, at the Asian Senior Fencing Championships. Indian teams, despite facing strong competition, demonstrated grit and finished 10th overall, showing promising developmental strides for the future of Indian fencing.
Two-time Commonwealth Games champion Mirabai Chanu will lead India's weightlifting contingent at the upcoming Glasgow Commonwealth Games, which also features other medal winners and debutants, as India aims to continue its strong performance in the sport.
India's Prachi Lohan and Sachin achieved top-25 finishes at the Asian Senior Fencing Championships in New Delhi. Japan's Kyosuke Matsuyama won gold in men's foil, while Kazakhstan's Irina Bakaldina secured gold in women's epee, marking a historic first for her country.
Karnataka's G Sindhushree, an unheralded pole vaulter, achieved a new national record of 4.25m at the National Inter-State Senior Athletics Championships in Bhubaneswar. This performance not only secured her a gold medal but also a spot in the Asian Games. Overcoming personal hardships, Sindhushree dedicated her achievement to her late father. The event also saw other athletes like Animesh Kujur, Harshita Bhadra, Manpreet Kaur, Gowthami Jayaraman, Mohammed Afsal, and N Thowfeeq qualify for the Asian Games in various disciplines.
The National Rifle Association of India (NRAI) on Tuesday announced that the India Open Competitions in July will be named in honour of legendary shooters Jaspal Rana and Raja Randhir Singh, who died recently, leaving the fraternity shocked.
The Indian women's recurve team, consisting of Deepika Kumari, Ankita Bhakat, and Kumkum Mohod, secured a gold medal at the Archery World Cup Stage 2 in Shanghai, defeating China in a tense shoot-off. This victory marks India's first World Cup women's team gold since 2021 and follows a stunning semi-final win against South Korea.
Legendary golfer Jeev Milkha Singh has expressed strong confidence in the Indian contingent's ability to secure multiple medals at the upcoming Asian Games in Aichi-Nagoya, Japan. He particularly highlighted the strength of the women's team, backing them for a gold medal, and identified Aditi Ashok as India's top medal hope. Singh also offered crucial advice on adapting to Japan's challenging course conditions, emphasising the importance of a strong short game and mental focus.
A significant structural shift is underway in India's gold market, with investment purchases projected to account for 35-40 per cent of total consumption by FY27, driven by geopolitical uncertainty, price momentum, and portfolio diversification.
India's Prachi Gaikwad won gold in the women's 50m rifle 3-positions at the ISSF Junior World Cup in Cairo. Naraen Pranav added a bronze in the men's 10m air rifle, boosting India's medal tally.
India is set to host the Asian Senior Fencing Championships for the first time from June 19-24 in New Delhi, featuring athletes from 34 countries, including Olympic medallists. The event is a direct qualifier for the Asian Games and offers ranking points for the 2028 Los Angeles Olympics, with Indian Olympian Bhavani Devi leading the home challenge.
Indian shooters Vanshika Chaudhary and Shiva Narwal secured a silver medal in the 10m air pistol mixed team event at the ISSF Junior World Championship in Suhl, Germany. This achievement further boosted India's leading position in the medal standings with a total of 16 medals.
The Indian women's recurve archery team secured a medal at the Archery World Cup Stage 2, defeating South Korea in the semi-final. However, the men's team faced a disappointing defeat against Bangladesh.
The 5th Bonus Asia Cup Bridge Championships are set to begin in Goa, featuring nearly 300 players from 16 countries. Defending champions India will compete across various categories, facing strong contenders like Hong Kong and Indonesia. The event, described as the "Asian Games of bridge," highlights India's growing role in the sport.
A national record holder at just 18, Uttar Pradesh athlete Anushka Yadav has a simple wish -- to make hammer throw match the popularity of javelin which has a massive fan following in the country.
Indian pugilists Jyoti, Minakshi, Prachi, and Deepak have secured spots in the finals of the World Boxing Cup 2 in Guiyang, China, showcasing a strong performance. Additionally, Jugnoo and Nikhil earned bronze medals, contributing to India's impressive medal tally at the prestigious event.
Shiva Narwal secured gold in the men's 10m air pistol event at the ISSF Junior World Cup, with Chirag Sharma winning bronze.
Union Minister Kiren Rijiju expressed confidence that Indian fencers will secure medals at the upcoming Asian Games and qualify for the 2028 Los Angeles Olympics. He emphasized the need to popularize fencing in India, highlighting its potential to capture the youth's imagination and its significant medal opportunities at the Olympics. Rijiju also commented on the government's non-interference policy regarding sports federations' internal affairs, specifically addressing the Manika Batra selection issue.
Two-time Olympic medallist P V Sindhu and reigning men's doubles champion Satwiksairaj Rankireddy and Chirag Shetty will headline the Indian badminton squad at the Aichi-Nagoya Asian Games.
India continued its impressive performance at the ISSF Junior World Cup, with Prachi Gaikwad winning gold in the women's 50m rifle 3-positions, and Vanshika Chaudhary and Sejal Kamble securing gold and silver respectively in the women's 10m air pistol final. Naraen Pranav also added a bronze in the men's 10m air rifle.
India delivered a commanding performance at the World Boxing Cup 2026 (Stage 2) in Guiyang, China, securing six medals after a strong showing in the quarterfinals. Prachi (57kg), Minakshi (51kg), Deepak (70kg), and Nikhil (55kg) were among the Indian boxers who advanced to the semifinals, guaranteeing podium finishes.
G Sindhushree lacked the funds to buy proper equipment after her father's death in 2022, forcing her to compete with shorter poles until she borrowed a longer one just two weeks before the National Inter-State Championships in Bhubaneswar.
Skiers Arif Mohammad Khan and Stanzin Lundup will be the first Indian beneficiaries of the International Olympic Committee's US$ 10,000 grant for Olympians.
