GJEPC Welcomes Exemption for Exporters from 3% IGST on Gold Supply; Seeks Further Changes...
The Gem & Jewellery Export Promotion Council (GJEPC) has welcomed the government notification exempting exporters from levy of 3% IGST on gold supplied to them by Nominated Agencies, and said that it would actively...
Meraki by P Mangatram unveils ‘tvum’ collection
Meraki by P Mangatram has unveiled the ‘Tvum’ collection that showcases a blend of contemporary styles and traditional heritage. The creation is the reflection of glorious romance between art, soul, and creativity. It is...
Gold barrels into 2019 as growth concerns spur demand for haven
Gold closed out 2018 on a strong note, its haven demand reinvigorated by volatile trading in global equities, rising concern about the economic outlook and a drawn-out government shutdown in the U.S.
Bullion futures held...
Asia Gold-Safe haven lure fails to lift demand; Indian jewellers stock up
* Higher prices dampen appeal
* China premiums ease to $3-$7 an ounce
* Spot gold on track for biggest weekly gains in three
* Dealers in India offer $2/oz discount
Physical gold demand lacked vigour in most...
New gold policy likely soon; looking at all aspects of yellow metal: Suresh Prabhu
The domestic industry has demanded a cut in import duty on gold to 4% from the current 10%.
The government is working on an integrated gold policy, which is expected to be released soon, to...
Gold jewellery demand to grow 6-7% in medium to long-term: ICRA
ICRA expects these regulatory measures to continue to accelerate the formalization of the sector, and the market shares of organized players are accordingly expected to increase.
ICRA has a stable outlook on gold jewellery retail...
GST exemption on warehoused gold a major relief to jewellery exporters
Banks will have to import gold and store it in a customs-bonded warehouse, and then supply to exporters without customs clearance; no relief for bullion refineries, however
Banks and jewellery exporters have a reason to...
66 kg smuggled gold seized by DRI, total seizure 2.63 tons this fiscal
A total of 66 kg smuggled gold valued at Rs 21 crore was seized by the Directorate of Revenue Intelligence (DRI) last week, taking the total seizure to about 2.63 tons of gold for...
Pretium buys back gold-silver stream, closes $480m debt deal
Pretium Resources Inc. (TSX, NYSE: PVG) has closed on the previously announced $480 million debt facility to refinance its existing construction credit facility.
The company has also repurchased 100% of the callable 8% gold and...
Why 2019 could be a stellar year for gold
Gold has gotten a boost over the past three months, rising more than 4%, as investors flock to so-called “safe-haven” trades, and the commodity is headed even higher in 2019, according to strategists.
“Volatility has...
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