They are paying a premium of Rs 700 - Rs 1,500 per 10 gm.
'The government can increase import duty on gold by 1 per cent, instead of imposing excise duty.'
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Gandhi said that the BJP government has clearly mishandled the economy that was built by the United Progressive Alliance government, and is now resorting to selling the country's assets as a "last resort" to generate some money.
The gems and jewellery industry is staring at a sales washout on Akshaya Tritiya for the second consecutive year as most of the states are under lockdowns due to the raging second wave of the COVID-19 pandemic which has led to negative consumer sentiment, say industry leaders. Akshaya Tritiya, considered as an auspicious day for buying gold and jewellery, falls on May 14 this year. India is the worst-hit among all nations with the second wave of the pandemic, which has been killing more than 3,500 daily and infecting close to 4 lakhs daily for weeks. The massive caseload has nearly paralysed the medical infrastructure.
Sticking to tradition, she wore her family jewels -- the same ones her nani, mother and sister had worn to their weddings.
Feels assured by FM's promise that givt will consider their demands.
Regulator probing jewellery houses for violation of collective investment scheme rules, says Shrimi Choudhary.
Jewellers in Ahmedabad were baton-charged when they tried to block traffic on busy Sarkhej-Gandhinagar highway.
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Apart from the emotional value attached to buying gold, the yellow metal offers protection against inflation, interest rate spikes, currency and geopolitical risks, says Anamika Pareek.
Jewellers are also focusing on designs to attract customers.
Two years after his controversial drama 2.37 about teen suicide was feted at the Cannes Film Festival, Australian director Murali Thalluri is back with another film, Jewel. The film, which will be shot in Hindi in India is, according to Thalluri, a tale about two young boys who are sold into slavery but escape with a rare jewel.
T. S. Kalyanaraman is the Chairman and Managing Director of Kalyan Jewellers, the largest jewellery chain in India with a turnover of Rs 8,500 crore (Rs 8.5 billion) this year.
Macroeconomic data announcements, the last batch of Q1 earnings and global trends are the major factors that would influence trading sentiments in the equity market in a holiday-shortened week ahead, analysts said. Besides, trading activity of foreign investors would also be a crucial factor in dictating movement in the market. Equity markets would remain closed on Thursday for Independence Day.
Silver ready rose by Rs 350 to Rs 33,850 per kg.
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The IPO market will be bustling next week, with four companies, including Bajaj Housing Finance, set to launch their initial share-sale to raise a total of Rs 8,390 crore. Besides these four main-board IPOs, nine SMEs are preparing to debut with their maiden public issues next week, targeting to collect Rs 254 crore. Together, these 13 firms are looking to raise Rs 8,644 crore through IPO.
Silver also rebounded by Rs 140 to Rs 37,050 per kg.
The investigation pertains to a case against Pranav Jewellers, a partnership firm based in Tiruchirapalli, whom the ED raided on November 20 and claimed to have seized "unexplained" cash of Rs 23.70 lakh and some gold jewellery.
Shah and Kankariya, the prosecutors say, sought to use the December 31, 2008 daytime robbery of their money-losing jewelry business, hoping to collect $ 7 million from insurance. The court papers say the dealers were six months behind on rent and had a $ 1 million debt.
Sukanya Verma quizzes you to find out just how much you know about the movies.
Wigan Athletic manager Paul Jewell was charged with improper conduct by the Football Association (FA) on Tuesday for his behaviour towards referee Phil Dowd after Sunday's 2-1 defeat at Arsenal.
Extending its gains for the second straight day, gold prices rose by another Rs 100 to Rs 28,450 per ten gram in New Delhi on Monday on pick up in demand from jewellers even as the metal weakened overseas.
Globally, gold rose 0.16 per cent to $1,279.70 an ounce in London.
Danabhai Jewellers & Sons is recruiting Sales Executives, Computer Operators and Assistant Accountants.
Suddenly, the legendary advertising line -- a diamond is forever -- is losing its shine.
Did you know Dev Anand worked as a clerk at a salary of Rs 85 before he became an actor?
The Ambanis go all out to celebrate the wedding of their youngest son, Anant, with Radhika Merchant.
Some jewellers kept their shops shut in Mumbai as well.
Globally, gold was trading 0.35 per cent lower at $1,267.20 an ounce in Singapore.
Industry estimates over 30 tonnes of gold were sold on Akshaya Tritiya this time.
The industry is estimated to have incurred a loss of Rs 10,000 crore (Rs 100 billion).
Silver followed suit and traded Rs 90 higher at Rs 38,290 per kg on increased offtake by industrial units and coin makers.
Amazon India has witnessed an 84 per cent year-on-year (Y-o-Y) increase in sales of hallmarked gold jewellery and posted a 5-fold spike in demand during the first two days of its ongoing Amazon Great Indian Festival (AGIF) sale event, which started on September 27. This demand is for brands such as Malabar Gold and Diamonds, PN Gadgil Jewellers, Joyalukkas, PC Chandra and KISNA, among others. According to current trends, customers buy fine jewellery starting at Rs 2,000 in the silver category and shell out up to Rs 40,000 for gold and diamond jewellery. In the last year, Amazon has seen more customers opt for 14 Karat purity.
Dinesh Raheja tips his hat to his favourite Raj Kapoor movie, as we continue celebrating the legend's birth centenary.
What makes Pushpa 2 float is Allu Arjun's magnetic performance. The actor really goes an extra mile to deliver the wildfire he promised, observes Mayur Sanap.
