A key festival brought little activity to the physical gold market in India this week as purchases remained significantly lower than normal with domestic prices jumping to the highest in more than two years. Demand in India, the second biggest gold consumer after China, usually strengthens towards the end of the year during the traditional […]

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The Responsible Jewellery Council (RJC) has signed a memorandum of understanding (MoU) with various industry groups, marking the parties’ commitment to boost the supply of responsibly sourced gold from artisanal small-scale mines. RJC inked the MoU with Swiss Better Gold Association (SBGA), Better Gold Initiative for ASM (BGI) and Max Havelaar-Foundation (Switzerland) (MHCH) for Fairtrade. […]

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The Reserve Bank of India (RBI) has purchased 8.46 tonnes of gold during its previous financial year that ended on June 30, 2018 according to data revealed in its Annual Report. This marks the first ever purchase by the Indian central bank in almost a decade, according to reports. The report revealed that as of […]

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At the trade show International Jewellery London (IJL), taking place from September 2-4, 2018, the Euromonitor International made a presentation on the topic “Jewellery overview and impact of travel” on the opening day, presenting some statistics from a study on the world jewellery market. According to Euromonitor International, the Indian fine jewellery market is set […]

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Though global gold jewellery demand dipped by 2% to 510.3 tonnes (t) in the three-month period ended June 30, 2018, due to challenging conditions in a few markets, demand over the first half of 2018 remained virtually flat, declining from 1035.8t last year to 1031.2t this year, the World Gold Council said in its quarterly […]

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Chinese jewellers need to focus on developing branded gold jewellery collections and create more jewellery buying occasions to boost demand as the economy emerges from the few tough years it has endured, the World Gold Council (WGC) said in a recently released market update. The report, “China’s jewellery market – quietly improving”, notes that demand […]

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Silver also dropped on lack of demand from industrial users. Gold prices drifted lower by Rs 75 per 10 grams, extending its slide for the third straight day at the bullion market in tandem with weak global cues amid muted demand from local jewellers. Silver also dropped on lack of demand from industrial users. Standard […]

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Today, the International Islamic Financial Market (IIFM) and World Gold Council led the IIFM-WGC Industry Consultative Meeting on Gold Documentation and Products Standardisation in Istanbul, Turkey. The meeting was hosted by Borsa İstanbul at their campus. The meeting assessed current market practices with respect to identified gold related documentation and products. Deliberations were aimed to […]

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China, India and other Southeast Asian countries are expected to fuel gold jewellery demand over the coming years on the back of rising incomes, the World Gold Council (WGC) said in its latest report. In its study, Gold 2048: The next 30 years for gold, WGC said while jewellery demand was strongest in the west […]

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The Gem & Jewellery Export Promotion Council (GJEPC) today issued a statement countering and refuting media reports on discontinuation of supply of duty free gold by nominated agencies to the export community. The reports began surfacing following the issuance of Public Notice No.06/2015-2020 dated 10th May, 2018 by the Director General of Foreign Trade (DGFT) […]

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