Wednesday 31 August 2016

#AOJQuote of the day 31st August :

 "Applications for the Sovereign Gold bonds will be accepted from September 01, 2016 to September 09, 2016. The Bonds will be issued on September 23, 2016."

- Finance Ministry

#AOJQuote of the day 31st August :

“We would talk to parties interested in Bunder diamond mine once Rio Tinto formally hands the project back. Madhya Pradesh already has a lot of data on the mine that can be shared with potential bidders or any government company willing to develop it.” -

Balvinder Kumar, Mines Secretary, Govt of India

#AOJDailyeNews Tiffany’s sales fall 6%, profit falls 5% in Q2 2016

Jewellery retailer Tiffany & Co. reported that its second quarter worldwide sales declined 6% to US $932 million and comparable store sales declined 8%. Profit declined 5 per cent to US $106 million when compared with the previous year period’s $111 million.

#AOJDailyeNews Inter Ministerial Group (IMG) to review status of Vedanta gold mine

An Inter Ministerial Group (IMG) set up to fast-track mining leases will review the status of gold mine by Anil Agrawal-led Vedanta among others next month Read More

#AOJDailyeNews Fifth tranche of sovereign gold bonds to open from Sept 1

The 5th tranche of Sovereign Gold Bonds will open for nine days from September 1, through which the government aims to attract a large number of investors to curb the demand for physical gold   Read More

#AOJDailyeNews India may auction Bunder diamond mine abandoned by Rio Tinto

 India will auction a diamond project that global miner Rio Tinto is abandoning, or allocate it to a state firm, said the government. Read More

#AOJDailyeNews Bullion and jewellery to be charged 1% to 2% under GST regime:FICCI

There seems to some good news on the GST front for gold & jewellery.  In a release following a meeting with the Empowered  READ MORE

Gold prices decline after US Fed makes case for interest-rate hike

Gold fell on Tuesday after Federal Reserve officials sounded a hawkish note on interest rates, boosting the dollar Read More

Tuesday 30 August 2016

#AOJNewsUpdates There seems to be some good news on the GST front for Gold & Jewellery“Certain goods will be exempted from GST while bullion and jewellery would be charged to 1% - 2 %.’’- FICCI

#AOJQuote of the day 30th August 2016:

 “While we have seen some outflows from exchange-traded funds, investors are relatively happy to hold gold, considering the environment of low-interest rates and negative yield.” -
 Daniel Hynes, Analyst, ANZ

#AOJQuote of the day 30th August 2016:

“Nearly one ton of gold articles every 10 days were being imported into India from South Korea and Indonesia exploiting the loops holes in the Indo - ASEAN FTA"- 
Rajesh Khosla, MD, MMTC Pamp

#AOJDailyeNews Alrosa’s revenue and profit soar in H1 2016

Russia’s mining giant Alrosa has issued a report on its financial performance on the first half of 2016, announcing a 42 per cent increase in revenue year-on-year to US $2.87 
Read More

#AOJDailyeNews GIA to offer Graduate Diamonds Diploma Program in Dubai

GIA will offer its internationally recognised eight-week Graduate Diamonds (GD) diploma program in Dubai beginning Oct 20. The course allows professionals and aspiring professionals an easy access to world-class gemmology education. Read More