The government on Thursday said nearly 7,000 jewellers have been granted hallmark licences after the quality standards, or hallmarking, for gold were launched in 2001.
Yadav said the nationwide strike has affected over 35 lakh (3.5 million) people.
Gold in Singapore, which normally determines price trend on the domestic front, traded a shade higher at $1,310.85 an ounce and silver by 0.70 per cent to $20.56 an ounce in on Tuesday's trade.
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 global economic uncertainties continue.
The minister asked jewellers not to recover transaction charges for use of debit or credit cards from customers.
Arun Jaitley has rejected the demand for rolling back the levy.
Another trend: A preference for coloured diamonds among brides, who are pairing them with their groom's birthstone. So, along with yellow or white diamonds, they are choosing pink, green, blue sapphires, emeralds or red rubies.
Most of the jewellers who had reopened their showrooms in confusion on Monday, kept shutters down today at Mumbai's Zaveri Bazar and several other places, demanding rollback of the proposal.
The strike entered the 15th day on Wednesday.
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Jewellery showrooms in Tamil Nadu and Andhra Pradesh were also opened.
Jewellers went on strike for three days from March 2.
Kurumbur in gold-loving Tamil Nadu was once a thriving centre for goldsmiths. Today their number is down to two.
'He was a very generous co-star. And a very stylish man.'
Gold imports more than doubled in August to a record high of $10.06 billion, mainly on account of a drastic cut in customs duty and ongoing festive demand, according to the Commerce Ministry data. Gold imports stood at $4.93 billion in August 2023. On record high imports, Commerce Secretary Sunil Barthwal said that the tariff rates on gold have been reduced drastically so that smuggling and other activities can come down.
While we cannot wait to catch a glimpse of her on the big day, one thing is sure: She'll make one hell of a bride.
Malaika Arora spent a day in London and she shares pictures of what her last 24 hours looked like.
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.
In the national capital, gold of 99.9 and 99.5 per cent purity were up by Rs 150 each to Rs 28,500 and Rs 28,300 per 10 gram respectively.
Precious ornaments are estimated to become 3% costlier under GST
But Pune Police Commissioner Dhananjay Jadhav said the police will be unable to give such permission to jewelers.
Reliance Jewels is offering double gold rate protection for Akshaya Thrithiya.
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The scion of the erstwhile Mysuru royal family and Bharatiya Janata Party candidate from Mysore-Kodagu Lok Sabha constituency Yaduveer Krishnadatta Chamaraja Wadiyar does not own a house, land or even a vehicle, according to his election affidavit.
The celebrations continued with the mehendi ceremony for Radhika Merchant and Anant Ambani.
According to the police, Biswas is a jeweller who allegedly bought the medal.
Designer Ridhi Mehra has a look for bride Radhika and her sister-in-law Isha Ambani.
Holi celebrations started early, as Isha Ambani, together with Bvlgari, hosted a party for filmi folk in Mumbai.
'A 10 to 15 per cent allocation to gold in portfolios reduces risk without compromising on potential returns.'
'The combination of star power, compelling storytelling, and action-packed drama promises to set the box office ablaze and kickstart the new quarter on a spectacular high note.'
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Silver coins, however, held unchanged at Rs 70,000.
Silver met with resistance and fell by Rs 200 to Rs 36,000 per kg.
Automobile, apparel and electronics are among sectors that see a sales boost during the festival season, a time when investors expect gains in related stocks. This year could be different: Analysts have factored in all positives and do not expect such stocks to deliver lucrative returns. "Indian households spend across sectors like automobiles, consumer durables, and consumer staples during the festival season.
Industry leaders on Thursday mourned the death of Ratan Tata saying with his demise India has lost a visionary who shaped its industrial and philanthropic landscape. Tata was a truly remarkable business leader who placed the country before business interests, and whose vision was truly transformational for a country and its people, TVS Motor Co Chairman Emeritus Venu Srinivasan said in a statement. "Mr Tata was a truly remarkable business leader, the likes of whom nations get only once in a century," he added.
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.
The steep cut in Customs duty on silver in the FY25 Budget to 6 per cent from 15 per cent may provide the government temporary relief by checking the spurt in silver imports from the United Arab Emirates (UAE) under the Comprehensive Economic Partnership Agreement (CEPA). In FY24, silver imports from the UAE jumped to $1.7 billion from only $11.18 million in FY23, according to commerce department data. In May, about 87 per cent of India's silver imports came from Dubai.
Globally, gold added 0.4 per cent to $1,228.65 an ounce in Singapore.
With gold smuggling rising, jewellers have to be sure of the source of the gold being exchanged.
