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More institutes scrap MoUs with Turkiye, Azerbaijan; jewellers join protest

 The All India Gem and Jewellery Domestic Council urged the industry on Friday to suspend all business transactions with Turkiye and Azerbaijan, while reputed educational institutions, such as the......

Gold set to extend record run; may hit Rs 90,000 in 2025

 Gold, a safe-haven bet, is likely to continue its record-smashing journey in the New Year, rising to Rs 85,000 per 10 grams and even Rs 90,000 level in domestic markets if geopolitical tensions and......

Jewellers getting more inquiries for gold after RBI withdraws Rs 2,000 notes; no panic buying

 Jewellers in India, the world's second largest gold consuming country after China, have started receiving more inquiries for purchase of gold or silver immediately after the Reserve Bank's......

Jewellers to go on token strike on Aug 23 against gold hallmarking

 Jewellers across the country will go on a 'token strike' on August 23 against the "arbitrary implementation" of mandatory hallmarking of gold jewellery, All India Gem and Jewellery Domestic Council......

Hike in import duty on gold may fuel smuggling

 The government has hiked gold import duty to 15 per cent from 10.75 per cent to check the current account deficit (CAD) and rising import of the yellow metal. Illustration: Dominic......

Why jewellers are returning to the unorganized sector

 They are now scaling or shutting down their businesses because they can’t compete with untaxed grey market gold.India’s gold smuggling has increased significantly since the import duty......

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