Friday 31 July 2015

Better hallmarking can lead to fivefold jump in gold jewellery exports: WGC

The country’s gold jewellery exports can grow five-fold to US $40 billion by 2020 and India can find a place in the ‘gold tourism’ map once hallmarking is made mandatory, according to the World Gold Council (WGC). WGC has sought making hallmarking....Read More

Gold traders stop for breath with focus on Sept fed meeting

After a plunge over the past two weeks that took prices to a five-year low, the metal traded mostly little changed on Wednesday. Not even a new policy statement from the Federal Reserve was enough to shake more life into bullion, as the central bank... Read More

Gold bond scheme may have annual cap of 500 gram per person

Only Indian residents will be allowed to subscribe to the proposed Sovereign Gold Bond scheme which is likely to have an annual cap of 500 grams per person, the Finance Ministry has said. The Budget 2015-16 had proposed to launch a Sovereign Gold Bond (SGB) scheme to develop... Read more

India’s silver jewellery exports jump 55%

At a time when gold and diamond jewellery exports declined significantly due to weak global demand, shipments of silver jewellery have shot up over the last few years following big investments by local jewellers in technology to produce world-class ornaments.... Read more

Good rains, low prices may lift gold sales in India

A pickup in monsoon rains, along with a fall in gold prices, is expected to drive purchase of the yellow metal in India, the world's biggest consumer. Demand for gold jewellery, coins and bars is expected to increase to 900-1,000 tonne in 2015 from ....Read more

Global opportunity for Indian jewellers in South Africa

South Africa has called upon Indian companies to set up jewellery manufacturing units in the country by taking advantage of its latest policies. Under the new industry policy programme, South Africa is encouraging jewellery manufacturing activities....Read more