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gold jewellery

New Districts included in mandatory hallmarking for gold and gold artefacts: Ministry of Consumer Affairs issued notification

New Districts included in mandatory hallmarking for gold and gold artefacts: Ministry of Consumer Affairs issued notification

Thu, Nov 07, 2024

The Ministry of Consumer Affairs has expanded mandatory hallmarking for gold and gold artefacts to 361 districts across India. This move, detailed in an official notification, aims to ensure higher quality and authenticity standards for gold products by certifying their purity through the Bureau of Indian Standards (BIS).

RBI lifts gold loans restrictions imposed on IIFL Finance in March 2024

RBI lifts gold loans restrictions imposed on IIFL Finance in March 2024

Thu, Sep 19, 2024

The Reserve Bank of India (RBI) on Thursday lifted certain restrictions on IIFL Finance's gold loan business. The central bank had imposed the restrictions on the company in March.

Domestic organised gold loan market projected to double to Rs 14.19 lakh crore in 5 years: PwC India

Domestic organised gold loan market projected to double to Rs 14.19 lakh crore in 5 years: PwC India

Thu, Aug 22, 2024

In fiscal year 2023-24, the organised gold loan market demonstrated substantial growth, reaching a valuation of Rs 7.1 lakh crore, according to a report by PwC India.

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Aapki Khabar Aapka Fayda: New rules for gold hallmarking will be applicable from June 16

Aapki Khabar Aapka Fayda: New rules for gold hallmarking will be applicable from June 16

Tue, Jun 15, 2021

In this segment of 'Aapki Khabar Aapka Fayda', know what is Gold Hallmarking and what are the new guidelines regarding it.

Gold hallmarking will be necessary from June 15, government has extended deadline

Gold hallmarking will be necessary from June 15, government has extended deadline

Tue, May 25, 2021

Taking a big decision, the central government has once again announced relaxation in the rules of hallmarking on gold jewellery. Now the rules of hallmarking will be applicable from 15 June. After this, only Hallmark jewellery will be sold in the country.

Gold Prices Today: Expert says rates may improve to Rs 49100 levels | Know Nifty performance too

Gold Prices Today: Expert says rates may improve to Rs 49100 levels | Know Nifty performance too

Wed, Dec 02, 2020

Nifty has remained stuck within the 12730 and 13150 range weighed by lacklustre movement among banking and IT stocks. Among sectors, commodity-related stocks have continued outperforming, partly underpinned by the dollar's broad-based weakness. Meanwhile, broader markets have remained firm, but the rally is showing signs of fatigue on shorter time frame charts.

Hallmarking will be mandatory for Gold Jewellery from 15th January 2021

Hallmarking will be mandatory for Gold Jewellery from 15th January 2021

Fri, Nov 29, 2019

Hallmarking will be mandatory for Gold Jewellery from 15th January 2021. Watch this video to know more.

Jewellery Industry Stares at Dark Diwali as Sales Likely to Plunge 30%

Jewellery Industry Stares at Dark Diwali as Sales Likely to Plunge 30%

Tue, Oct 15, 2019

Jewellery Industry Stares at Dark Diwali as Sales Likely to Plunge 30%. Watch video to know more.

Govt to meet next week on mandatory hallmarking of gold jewellery

Govt to meet next week on mandatory hallmarking of gold jewellery

Thu, Feb 21, 2019

The Consumer Affairs Ministry will on February 28 hold a meeting with stakeholders to discuss making hallmarking of gold jewellery mandatory, following up on an order it issued in June 2018.

Weddings boost Indian demand; activity muted in other hubs

Weddings boost Indian demand; activity muted in other hubs

Fri, Nov 23, 2018

Demand in India, the second biggest gold consumer after China, usually picks up towards the end of the year going into the wedding and festival season, when buying the metal is considered auspicious. The current price level was attracting both jewellers and retail consumers, said Daman Prakash Rathod, a director at MNC Bullion, a wholesaler in Chennai.

This Modi Govt gold strategy will make you heave sigh of relief

This Modi Govt gold strategy will make you heave sigh of relief

Fri, Nov 16, 2018

"BIS has set standards for hallmarking of gold jewellery in three grades of 14 carat, 18 carat and 22 carat. We are going to make it mandatory soon," Paswan said at a BIS event organised to commemorate World Standards Day with a theme on 'Global Standards and the fourth Industrial Revolution'.

PC Jeweller Q2FY19 net profit slumps 37.76% at Rs 93.72 crore on poor sales

PC Jeweller Q2FY19 net profit slumps 37.76% at Rs 93.72 crore on poor sales

Wed, Nov 14, 2018

The company had clocked a net profit of Rs 150.59 crore in the same quarter of2017-18. Net revenue declined to Rs 1,635.08 crore during the July-September this year from Rs 2,622.32 crore in the year-ago quarter, according to a BSE filing by the company.

India showers less love on gold in quarter

India showers less love on gold in quarter

Thu, Aug 02, 2018

In value terms, gold demand was Rs 52,692 crore, almost same as the second quarter of 2017 at Rs 52,750 crore. Total jewellery demand also dropped by 8 per cent during the quarter 147.9 tonnes compared to 161 tonnes in the same period last year.

Did you buy or inherit gold? Here is how yellow metal is taxed

Did you buy or inherit gold? Here is how yellow metal is taxed

Wed, Jul 04, 2018

Profits on gold and gold jewellery purchased by yourself and sold become taxable under “capital gains” head as these are generally treated as capital assets. In case you are a dealer in gold, profits are taxed as business income.

Gold jewellery demand may fall by 2-4% due to high prices, subdued financing environment: Icra

Gold jewellery demand may fall by 2-4% due to high prices, subdued financing environment: Icra

Mon, May 07, 2018

However, in the medium to long term (3-5 years), Icra expects the gold jewellery retail industry to record a 6-7 per cent volume growth, supported by stable rural and wedding demand, cultural affinity for gold, rising disposable income, and favourable demographic profile. The industry revenues are also likely to witness 7-8 per cent growth led by socio-economic and cultural factors that are unique to the Indian market, the report said. I

Akshaya Tritiya: If you are buying gold, here are 8 top options for you

Akshaya Tritiya: If you are buying gold, here are 8 top options for you

Tue, Apr 17, 2018

Akshaya Tritiya: The variety of accessorising materials like coloured stones, crystals, kundan and mother of pearl give any piece of jewellery a modern twist and design. In addition, these elements help women in choosing a perfect jewellery piece to go well with their ethnic or western outfit.

GST of 3% on gold unlikely to dishearten Indian demand for the yellow metal

GST of 3% on gold unlikely to dishearten Indian demand for the yellow metal

Mon, Jun 05, 2017

Gold jewellery demand is unlikely to be impacted by the GST rate of 3% which is higher than the current tax rate. Though prices of the yellow metal may increase including that of silver and diamonds, industry experts say it will not impact demand.

Income Tax detects Rs 4,807 crore black income; seizes Rs 112 crore new notes

Income Tax detects Rs 4,807 crore black income; seizes Rs 112 crore new notes

Sun, Jan 08, 2017

Over Rs 4,807 crore of undisclosed income has been detected while Rs 112 crore worth new notes have been seized by the Income Tax department as part of its country-wide operations against black money hoarders post demonetisation.

Gems, jewellery exports up 10% in April to November period of FY17

Gems, jewellery exports up 10% in April to November period of FY17

Wed, Dec 21, 2016

Exports of gems and jewellery grew by about 10% to $23.5 billion (nearly Rs 1,56,339.63 crore) during April-November period of the current fiscal, driven largely by rising demand in India's major export markets like the US and Europe.

After rollback of tax on EPF, govt now repeals 1% tax on gold jewellery

After rollback of tax on EPF, govt now repeals 1% tax on gold jewellery

Tue, May 31, 2016

The government has now rolled back the decision to charge 1% tax collection at source (TCS) on cash purchases of gold worth over Rs 2 lakh.

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