NEW DELHI: Think tank Global Trade Research Initiative (GTRI) on Friday suggested a withdrawal of duty concessions on platinum, silver, diamonds, gold jewellery, and tweaking the rules of origin norms in the India-UAE Comprehensive Economic Partnership Agreement (CEPA), which was implemented on May 1, 2022. Alleging that there is a potential misuse of the rules…
NEW DELHI: Gold prices are expected to come down as the Centre reduced custom duties on gold and silver from 15% to 6% to increase domestic retail demand and reduce smuggling. Additionally, custom duty on platinum is reduced to 6.4%.“To enhance domestic value addition in gold and precious metal jewellery in the country, I propose…
Representative Image New Delhi: Gems and jewellery exporters on Tuesday sought a reduction in import duty on hold, silver, and platinum bars to 4 per cent in the forthcoming Budget. In a pre-budget meeting with Finance Minister Nirmala Sitharaman here, the Gems and Jewellery Export Promotion Council said the Indian gems and jewellery industry contributes…
Gold accelerated declines on Friday after a stronger-than-expected U.S. jobs report doused expectations for U.S. interest rate cuts this year, adding to bearish sentiment driven by data showing top consumer China held off on bullion purchases in May. Spot gold dipped about 3% to $2,304.54 per ounce as of 1757 GMT. U.S. gold futures settled…
Gold prices edged up for a second session on Tuesday, after recent economic data boosted bets that the Federal Reserve would cut interest rates later this year. FUNDAMENTALS * Spot gold rose 0.2% at $2,327.11 per ounce, as of 0034 GMT. U.S. gold futures firmed 0.2% to $2,336.20. * Traders are pricing in a 64%…
Gold rate today: Gold prices surged in today’s trading session, surpassing the Rs 72,000 per 10 grams mark, while silver reached Rs 84,000 per kilogram for the first time ever. These milestones were achieved despite a stronger dollar index, which rose above 105, marking a 1% increase over the past five trading days.According to ET,…
Gold prices surged by Rs 1,070 to hit an all-time high of Rs 68,420 per 10 grams in the national capital on Monday amid a rally in the precious metal in global markets, according to HDFC Securities. The precious metal had closed at Rs 67,350 per 10 grams in the previous trade. Silver prices also…
Demand for silver idols & coins of Ram surges Prayagraj: As the date of temple consecration in Ayodhya inches closer, the demand for silver idols and coins of Lord Ram, Goddess Sita, Lord Hanuman and Ram Darbar along with the Ram temple has gone up manifold in jewellery markets. “The demand has shot up in…
