Indian consumers have bought more gold this Rakshabandhan, enticed by lower domestic prices thanks to the import duty cut announced in the budget. A quick industry assessment shows healthy demand at the start of the festival season. “Information trickling in from jewellers across India is showing that the demand for gold has gone up by…
Consumers are rushing to buy gold, some even placing advance orders, on fears that prices may start rallying again after a recent decline, said jewellers and trade executives. Prices of the yellow metal fell after a customs duty cut in the budget but have since rebounded amid a rush of buyers in the world’s second-largest…
Kolkata: A 4.5 % fall in in gold prices in three weeks from a high of ₹74,222 per 10 gm has boosted consumer sentiment. Mumbai’s Zaveri Bazaar, the largest gold market in Asia, is buzzing with activity and jewellers Joyalukkas, Senco Gold & Diamonds, PNG Jewellers, Kama Jewelry and others have seen footfalls and demand…
Gold prices on Friday climbed to Rs 72,967 per 10 gm, rising by 1.6 per cent compared to Thursday. This daily surge in prices has never been witnessed in the last 50 years, bullion dealers from Zaveri Bazaar said. In a month, gold prices have shot up by 10.75 per cent, making the yellow metal…
Gold shot up to a lifetime high of `. 69,487 per 10 gm on Monday, marking a surge of 18.2% in the past six months, deepening the gloom among jewellers at Mumbai’s Zaveri Bazaar, who said the rise in prices is keeping customers away. Demand crashed 70% in the March quarter, according to them. However,…
Representative image KOLKATA: The wedding season currently underway and the festive season late last year have combined to push up demand for gold in Kolkata by almost 20%. According to associations of jewellers and individual brands, the surge this season has been the best, not only after the pandemic but also in the last one…
Representative Image Less than a fortnight before the deadline to weed out Russian diamonds from the world’s affluent markets, a confused, volatile trade is feeling the pulls and pressures: a rigid rule pushed by Europe to probably regain its waning influence; the emerging voices of Africa and India opposing it; and, a new, different plan…
Public sector lender State Bank of India (SBI) has taken PC Jeweller to the National Company Law Tribunal (NCLT) with a plea to initiate insolvency proceedings against the city-based jewellery manufacturer and retailer claiming a default. A Delhi-based principal bench of NCLT had issued a notice to PC Jeweller last week directing it to file…
