Shantibhai Patel, president, Gems and Jewellery Trade Council of India, said jewellers in small towns have to pay Rs 10,000 for three years as licence fee, while in major cities this fee Rs 20,000 at present.
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
Reliance Jewels is offering double gold rate protection for Akshaya Thrithiya.
But Pune Police Commissioner Dhananjay Jadhav said the police will be unable to give such permission to jewelers.
The controversial colonial-era Kohinoor diamond claimed by India is to be cast as a symbol of conquest as part of a new display of Britain's Crown Jewels at the Tower of London set to open to the public in May.
Silver coins, however, held unchanged at Rs 70,000.
Silver met with resistance and fell by Rs 200 to Rs 36,000 per kg.
Globally, gold added 0.4 per cent to $1,228.65 an ounce in Singapore.
After falling for three straight days, gold prices recovered by Rs 50 to Rs 26,700 per ten grams at the bullion market on Friday.
With gold smuggling rising, jewellers have to be sure of the source of the gold being exchanged.
The 96th Annual Academy Awards saw a lot of glamour on the red carpet, as Hollywood's A-listers attended the biggest awards night of the year.
Most jewellery shops and establishments in the country are shut since March 2.
The panel will look into issues related to compliance procedure.
'Our approach has been to work with consumers and help them drink better, not more.'
Aishwarya looked stunning in an off white lehenga.
In Delhi, gold of 99.9 and 99.5 per cent purity gained Rs 110 each to Rs 27,210 and Rs 27,010 per 10 gram, respectively.
Silver ready rose by Rs 100 to Rs 37,000 per kg.
A jewel fiesta happened courtesy the India Bullion and Jewellers Association at Sahar Star, Mumbai.
Gold advanced one per cent to $1,212.21 an ounce in Singapore.
Globally, gold declined from the highest level.
Gold jewellers in Mumbai lost Rs 1,200 crore (Rs 12 billion) of business during the terrorist bloodbath that engulfed the metropolis from Wednesday to Saturday, a top industry official said.
'People had a perception that I may be angry as a person.' 'Or I'm older than I really am.' 'Or I can't speak in English because of the characters I've done at the beginning of my career.'
It's day 14th of the jewellers and bullion traders' strike and there are no signs of roll back from the government. The industry is also determined, and has called for an indefinite strike.
Silver also edged higher by Rs 100 to Rs 36,100 per kg.
For killa vibes in black look no further than Disha.
Gold prices on Monday recovered by Rs 25 to trade at Rs 27,475 per 10 grams at the bullion market on pick-up in demand from jewellers.
Though retail demand was weak, jewellers were restocking for Pongal festival.
We invited you to send in unique rain-themed photographs -- odd scenes that are captured on a lens for posterity -- to share with other readers. Here are some more responses!
It can touch Rs 32,500 per 10 gram.
Traders said apart from fresh buying by jewellers and retailers, firm global trend amid signs of increased demand in China and India, the world's two largest consumers, influenced gold prices.
Once a stock market darling, the jewellery chain heads for liquidation.
The firm has blamed a section of unnamed competitors as well as maleficent parties
The jewellers said the decision was taken to avoid hurting the religious sentiments of any community.
Gold prices rose by Rs 20 to Rs 27,050 per ten grams at the bullion market on Tuesday.
Orders for the festive season abroad begin from next month.
Silver too advanced by Rs 100 to 38,700 per kg.
Silver also found buying support and gained Rs 150 to Rs 37,350 per kg.
Gold drops Rs 110 on macro factors.
The Champions League tie between Bayern Munich and Juventus is the outstanding pairing of the round but there are glittering jewels -- and duels -- to savour everywhere in the quarter-finals of Europe's elite soccer competition this week.
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