Representative image India‘s gold imports are set to plunge by more than 90% in March from the previous month to hit their lowest level since the COVID pandemic as banks cut imports after record-high prices hit demand, a government official and two bank dealers told Reuters. Lower imports by India, the world’s second biggest consumer…
Gold prices surged to a fresh record high on Friday as data showing a rise in the U.S. unemployment rate boosted expectations that the Federal Reserve could begin cutting interest rates soon. Spot gold rose 0.7% to $2,173.49 per ounce by 10:42 a.m. ET (1542 GMT), while U.S. gold futures added 0.7% to $2,180.50. Bullion…
Gold prices soared to a record high above $2,100 on Monday as traders grow increasingly confident the Federal Reserve will cut interest rates in the new year. The precious metal struck $2,135.39 in early Asian trade, topping the previous all-time high set in 2020, during the pandemic. Traders have flocked into bullion in recent weeks…
Sanjay Banka, CFO Senco Gold Sanjay Banka, CFO, Senco Gold, says “the next two quarters will not be better than the first half. If we look at the past trends, the major sales happen up to Dhanteras. We have already seen around 26-27% year-on-year growth till today. The next quarters are likely to take the…
Representative Image BENGALURU – Indian jeweller Tribhovandas Bhimji Zaveri reported a near 65% rise in second-quarter profit on Monday, buoyed by lower expenses and strong diamond demand. The company said its consolidated net profit rose to 90.1 million Indian rupees ($1.08 million) for the quarter ended September 30, from 54.7 million rupees a year earlier….
Representative image Tanishq, a jewellery brand from the Tata Group, plans to have 50 boutiques globally over the long term, said Kuruvilla Markose, the CEO of Titan Company which manages the brand business, as it opened a boutique here on Saturday. Currently, Titan has 13 boutiques in the international market and is constantly scouting for…
Representative image It’s the beginning of the festive and wedding season. The one item Indians love to splurge on during this period is the yellow metal. The markets are decked up and sellers are offering incentives to lure customers at a time when gold prices are rocketing. Will they buy more or less when a…
Left To Right – Mr Jaleel ( Regional Merchandise Head) , Mr. Vivek Mathur (Area Business Manager) Chief Guest (Smt Dhanwati Chandela – MLA Rajouri Garden ) , Mr Jishad ( Regional Head ) Mr Prashant ( Showroom Head) , Mr Jaseem ( Showroom Head) Malabar Gold & Diamonds, one of the largest gold and…
Representative Image New Delhi: Jewellery retailer BlueStone will use the majority of its recently raised funds to expand its footprint across the country, the company’s founder and CEO, Gaurav Singh Kushwaha told ETRetail. The company currently has around 178 stores across the country, as compared to 155 stores at the end of last year. As…
The World Gold Council on Wednesday announced that its members, who represent the majority of the global large-scale gold mining industry, have committed to providing enhanced transparency in the gold supply chain. All 33 World Gold Council members with operating mines, who collectively produce 1,300 tonnes of gold per annum, have committed to publishing the…
