The government has not given any concrete assurance on the rollback of excise duty.
Over 300 associations, that consists of over 3 lakh manufacturers, retailers, wholesalers and artisans among others, are participating the nationwide stir.
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 (GJC) said on Friday. The strike will be supported by 350 associations and federations from all four zones of the entire gems and jewellery industry, the GJC claimed. Mandatory gold hallmarking has come into force from June 16 in a phased manner. The government has identified 256 districts from 28 states and union territories for the phase-1 implementation.
As gold prices turn prohibitive, traders fear a drop of as much as 50% in sales over the previous season.
A downturn in Indian demand could hit global gold prices.
The concept of gold as an asset capable of getting anytime money is evaporating.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances