Demand for gold jewellery falls around 30% in run-up to Diwali
The demand for gold jewellery, considered the primary store of value in rural India, fell by as much as 30% in the run-up to Diwali due to untimely rains in the October harvesting season,...
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...
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...
Citigroup says Venezuela deal covered $1.6 billion in gold
Citigroup Inc. said it entered into a financing deal with Venezuela’s central bank in 2015 essentially using $1.6 billion of gold held at the Bank of England as collateral.
A subsidiary bought the precious metal...
WGC Urges Creation of Road Map for Mandatory Hallmarking of Gold Jewellery in India
The World Gold Council (WGC) has released a report urging the gold trade in India to engage with the government and create a road map for the enforcement of mandatory hallmarking within India. The...
GJEPCs ‘Design Inspirations 2018’ Seminar Opens in Mumbai
The two-day Design Inspirations seminar organised by The Gem & Jewellery Export Promotion Council (GJEPC), opened this morning at the Taj Santacruz with a number of interesting presentations on designing, branding and evolving consumer...
Third India-SAARC-Middle East Buyer-Seller Meet Commences at Hyderabad
The third edition of the India-SAARC- Middle East Buyer-Seller Meet (BSM), organised by The Gem & Jewellery Export Promotion Council, commenced yesterday at Hyderabad.
The BSM, organised with the objective of identifying and...
Malabar Gold launches ‘Double Your Savings’ offer
Malabar Gold & Diamonds has launched the ‘Double Your Savings’ campaign in Qatar, offering the “best making charges” for customers.
The campaign will showcase an exclusive display of gold jewellery locally made at the manufacturing...
Proposed Comprehensive Gold Policy in Focus at India International Gold Convention
The 14th edition of the India International Gold Convention 2017 (IIGC), which was held in Goa from August 11-13, 2017, discussed the proposed comprehensive gold policy that is under consideration by the government, among...
Great Panther acquires Brazil gold miner for $105 million
Great Panther Silver (NYSE: GPL) acquired Brazilian gold miner Beadell Resource in an all-share deal for $105 million.
The combined entity will have three producing mines in three mining jurisdictions, and an advanced stage project.
Great...
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