Most consumers are going for token buying of lesser value and are waiting for price correction for purchase of wedding jewellery.
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Elevated gold prices have led Indian investors to eye diamonds and platinum as a lucrative investment opportunity.
As gold prices turn prohibitive, traders fear a drop of as much as 50% in sales over the previous season.
Recovery is attributed to higher domestic demand, export orders and import by NRIs.
Live commerce, quick commerce, group buying, WhatsApp commerce, dukaantech have made their mark.
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The import tariff value is the base price at which the customs duty is determined.
Record liquidity infusion by the central bank in the banking system during the financial year 2020-21 amid sluggish economic activity resulted in banks investing more in safe government papers than in extending loans, data from Reserve Bank of India (RBI) showed. This trend has not been seen in nearly two decades, barring 2016 - the year of demonetisation.
Industry estimates over 30 tonnes of gold were sold on Akshaya Tritiya this time.
Silver also plunged by Rs 1,300 to Rs 46,000 per kg on poor offtake by jewellery fabricators and industrial units.
India, China account for 54% of total gold demand in first four mnths of 2015.
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Digital gold is gold purchased online from various platforms including Paytm or Google Pay and stored in your online account.
Indian diamantaires are looking to go slow on rough diamond purchase during the remaining quarters of the current financial year, thanks to weak global sentiment.
This wedding season, give a twist to your traditional attire.
Sectors with positive growth during the month include rice, iron ore, oil seeds, oil meals, meat, dairy and poultry products, pharmaceuticals, coffee, engineering goods, and plastic.
India's exports increased 3.79 per cent to $26.75 billion in January, helping the trade deficit to narrow to $9.92 billion.
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The council is looking at the youth as a segment in the global market and has started the LoveGold on the social media (Facebook and Twitter).
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The country's exports dipped 8.74 per cent to $23.52 billion in November on account of contraction in shipments of key sectors like petroleum, engineering, chemicals and gems and jewellery, official data showed on Tuesday. Trade deficit during the month narrowed to $9.87 billion as imports too declined by 13.32 per cent to $33.39 billion.
Gold loans are a quick, easy and low-cost way to meet your immediate and emergency financing needs, but do ensure that you entrust your gold in safe hands after thorough due diligence, suggests Gaurav Gupta, founder and CEO, MyLoanCare.in.
Gold also moved up by Rs 70 to Rs 20,430 per 10 grams on rising jewellery demand, reaching nearer to its record level of Rs 20,600 per 10 grams set on November 11.
In Q1 2010, India was the strongest performing market as total consumer demand surged by 698 per cent to 193.5 tonnes.
Out of 30 key export sectors, as many as 22 showed negative growth in September.
Dealers are selling gold at a discount of Rs 175 for 10 gm.
A good agricultural harvest and a timely arrival of monsoon, besides a slew of government schemes, have also come as a bounty.
'A lot of people think that since I am Rohit Shetty's sister I may get special attention.' 'In fact, it's the opposite.' 'You can call up anyone and ask, how Rohit treats Mehek on the sets and they'll tell you how I get a lot of daant.'
Going ahead, the likely implementation of the goods and services tax bill in July and how the monsoons play out will have a bearing on India's demand for gold and gold jewellery
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Gold prices maintained an upward march for the third consecutive day by rising Rs 290 to Rs 30,490 per ten grams in the national capital on sustained buying by stockists amid a firm global trend.
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The current up move, according to analysts, closely resembles the rally post the global financial crisis in 2008-09, not just in quantum and speed, but also the way small-and mid-cap indices outperformed large-cap peers.
According to industry experts, individual entrepreneurs are uniting to offer a uniform retail experience.
Imports too contracted by 28.72 per cent to $31.16 billion. Dip in exports and imports narrowed the trade deficit -- the difference between imports and exports -- in March to $9.76 billion, the lowest in the last 13 months.
The customs duty from gold imports could be approximately Rs 8,000 crore, about less than half of what was collected a year ago.
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