CAD narrows down sharply to 1.7% in Q1 due to steep decline in gold imports

Indias Current Account Deficit narrowed sharply to 1.7 per cent of GDP in the April-June quarter of this fiscal mainly on account of reduction in trade deficit, and a steep decline in gold imports. read more

Diamonds sparkle at gold's expense in Dubai

The local shoppers overwhelming obsession with gold jewellery — in its 22-carat avatar — may have come to pass. These days, a good number of them are just as likely to commit to a diamond-studded purchase, read more

Palladium scales 13-year high

Palladium rose to a 13-1/2-year high of US $910 an ounce on Monday on fears that possible Western sanctions against Russia over the Ukraine crisis could hit supply from read more

Chinese weekly gold demand highest since February

Withdrawals from the Shanghai Gold Exchange vaults, which equals Chinese wholesale demand, in week 34 (August 18 to 22) accounted for 46 metric tonnes, read more

Australia annual gold output lifts 9pc to 282 tons

AUSTRALIA'S annual gold output has proved to be remarkably resilient in the face of sharply lower gold prices, rising by nine per cent to 282 tons (9.1 million ounces), read more

GIA hosts workshop in South Africa

Following the International Mineralogical Associations (IMA 2014) 21st general meeting in Gauteng, South Africa, the Gemological Institute of America (GIA) will offer read more

Quote of the day - 1st Sept 2014

"As there are some amendments required in the association article, we have postponed the elections of GJEPC by three months.”

Pankaj Parekh, Vice Chairman, The Gem and Jewellery Export Promotion Council (GJEPC)