A recent survey by Bureau of Indian Standards in Delhi revealed that there was indeed cheating on the part of jewelers and consumers were getting much lesser value for gold for the amount they pay.
Mandatory hallmarking of gold would be a positive in making the gold market more organised. Mandatory hallmarking would come into effect from January 15, 2020, with a one-year transition period for trade to sell existing inventories. Experts also expect more policy measures next year to bring in more transparency in terms of gold as an asset class.
Globally, jewellery buying fell 14%, investment slid 11%.
Spot gold was substantially higher at USD 1,117.40 an ounce in early European trade.
Price up on weak dollar and strong demand
One reason for the surge in cases is the spread of infection at large weddings. Weddings turned out to be super spreaders.
Here's how you can make the most of your shoulders.
A set of thin silver bangles will add a touch of bling to any outfit.
Gold closed at its highest level in nearly two weeks.
Recent recovery in the white metal was reflected in a falling gold to silver price ratio.
Gold prices crashed by another Rs 130 at Rs 7,335 per 10 gram on the bullion market today on sustained selling by stockists and speculators largely fueled by a weakening trend in Asian markets. \n
In spite of an overall healthy rise in exports, there are many traditional sectors which used to be the mainstay of India's exports in the past, but are now suffering from significant weaknesses, says A K Bhattacharya.
Despite various challenges, the past year was a good one, says Bruce Cleaver, chief executive officer of the De Beers Group, the global corporation that has been the leading one in all aspects of the diamond trade for over a century.
Recycling in India fell by 22 per cent to 14 tonnes against 18 tonnes.
'Let us stand together in displaying our utter and complete lack of spine, in safeguarding our hundreds of crore rupees of income and in supporting this military-style mobilisation against the very masses who have practically treated us as gods and to whom we owe everything we enjoy.'
We caught up with 6 nattily dressed ladies who were not on the ramp at the Lakme Fashion Week.
Gold rebounds after 3-day fall on renewed demand, global cues.
Marketmen said emergence of buying at prevailing levels by jewellers and retailers to meet upcoming festive season demand mainly supported the upside in gold prices.
Investors will keenly watch out for the Futures & Options expiry for July on Thursday
Imports are down also because local traders are clearing unaccounted stock after introduction of 1 per cent excise duty
The government on Friday reduced the import tariff value on gold and silver to $420 per 10 grams and $645 per kg, respectively, taking cues from firm global prices.
What sold the most this year? Beauty, toys and baby care, sports and fitness, television and large appliances, followed by fashion, says T E Narasimhan.
'We did not know we would one day dominate nearly 70 per cent of the market.' 'Today, of 100 diamonds available for trade in Antwerp, 93 are cut and polished in India.' A fascinating excerpt from Shantanu Guha Ray's The Diamond Trail: How India Rose To Global Domination.
Here's looking at some of the most stylish women who are not on the Lakme Fashion Week runway!
The overall gold demand during the second quarter of 2013 stood at 1,148 tonnes, the World Gold Council Q2 Demand Trends report said.
The current bear run has already been the second longest since 1975.
Pilot project in Bengaluru; Snapdeal got into the category last month
Reliance has announced that it will roll out its e-commerce platform to as many as 1.2 million retailers and store owners in Gujarat. This is part of a nationwide roll-out that will come later this yea, reports Viveat Susan Pinto.
This Diwali, induce the diva like oomph into your own look with these easy and handy tips.
Jaitley increased the excise duty on most tobacco products by 10-15 per cent.
Finance Minister must be hoping that Indians get over gold-addiction.
The government will unveil the Consumer Price Index data and the Wholesale Price Index data for August on Monday.
Gold prices this year are higher than last year, and the goods and services tax is an additional burden for consumers
Gold imports, however, grew 10.47 per cent to $ 2.42 billion in May.
Imports rise at highest pace in more than 2 years as crude oil price spikes.
In an interaction with Viveat Susan Pinto, Thomas Lutz, head of the consumer and retail practice at The Boston Consulting Group. highlights some of the top consumer trends in India and the way forward for companies.
Dining and drinking out will be expensive.
Bullion traders said sustained buying by jewellery fabricators and retailers to meet the festive season demand mainly kept precious metal prices higher.
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