Saturday 31 October 2015

Reader’s Response: Jewellery e-tailing the buzzing biz trend

Jewellery e-tailing has a bright future

Thanks for an informative article on jewellery e-tailing. A few years ago, no one would have ever realised that one day the internet would be trusted for something as valuable as gold, diamond and other jewellery. With internet penetration and improved connectivity in the country, jewellery e-tailing has a bright future.

Jitendra Jodhani
Director, Jewel Goldi

Reader’s Response: Jewellery demand will rise

Gold demand in India traditionally peaks during festivals, especially Dhanteras and Diwali. Hence,
consumers will take advantage of the off-season buying. This in-turn will push retailers to stock and give boost to manufacturing. The bottom line is that the jewellery demand will rise but investment demand will take some more time to pick up.

Ankur Rungta
Director, KKM Gold
New Delhi

Reader’s Response: No major changes in gold rate

The recent Federal Reserve Bank's decision, combined with an increase in demand for physical gold in India ahead of the festive season, could boost gold to a new level. However, looking at the developments in the gold market worldwide, it will not be surprising if gold prices remain at the current trading range during the rest of 2015.

Deepak Shah

Director, Abdhi Jewels Pvt Ltd

Friday 30 October 2015

Reader’s Response: Fluctuations in gold rate

Good news for gold

The decision of the Federal Reserve Bank of US to leave the interest rates  unchanged has created much volatility in the market and bought in some good news for gold. The bank's stance on the rates and heightened concerns of the global economy has bought positive sentiment in the gold market, at least in the short term. I sure that this will change the mood of the market to a great level and we will see the change happening soon.

Ashutosh Sharma
MD, Shreem Jeweler
New Delhi

Govt to extend incentives for jewellery sector under "Make in India " scheme

In order to review the ‘Make in India’ initiatives for the gem and jewellery sector, the Ministry of Commerce and Industry, Govt of India, will be hosting a meeting on November 3, 2015, at Udyog Bhawan, New Delhi, under the chairmanship of Manoj Dwivedi, joint secretary, Department of Commerce. The Govt is expected to extend the incentives under this scheme for the industry....Read More

Jewellers likely to be the part of gold monetization scheme

An official discussion has begun on whether jewellers could be allowed to be collection centres for the central government's new gold monetisation scheme (GMS). The issue was discussed by banks, representatives of hallmarking centers and the Bureau of Indian Standards (BIS), which is to certify the centres and refineries....Read More

Platinum prices touch seven-year low in Sep

Traditionally, platinum has always commanded about 40 per cent more premium than gold. In 2007, platinum was sold at double the price of gold. But in the wake of worries about Chinese growth and more recently, the emissions scandal at Volkswagen, the prices of the metal internationally touched its seven-year low in September.....Read More

Gold eyes worst week in two months on US rate hike view

Gold held near its lowest in three weeks on Friday and looked set to post its worst week in two months on expectations that the Federal Reserve would raise US interest rates this year. Bullion is down 1.5 per cent for the week, the sharpest decline since the week ended Aug. 28......Read More

Collective Effort Needed to Unlock 20,000 T of Gold: Experts

Refiners, banks & collection centres together can make a success of GMS The success of the government's gold monetisation scheme (GMS) aimed at unlocking 20,000 tonnes of the precious metal lying idle in households depends largely on the tripartite agreement between refiners, banks and collection centres, experts said....Read More