Gold imports to India fall 45.6% to US$2.05 bn in September

After recording a sharp rise in August, gold imports dipped 45.62 per cent to USD 2.05 billion in September, a development that will help check the country's Current Account Deficit (CAD). The sliding prices of the yellow metal is one of the reasons for the plunge in imports. The prices are declining in both global and domestic markets. The gold imports stood at US $ 3.78 billion in September 2014....Read More

NAC opens 3 new showrooms in a TN

Expanding its reach further in Tamil Nadu, NAC Jewellers launched three new showrooms on the same day on November 2, 2015 at Perambur, Velachery and Kanchipuram. This grand launch is a great leap by the company reaching out to its customers with a wide network, especially considering the upcoming Diwali festive season. The brand ambassador,.....Read More

New Golden Harvest Scheme to boost sales from Dec: Titan

Absence of Golden Harvest Scheme due to regulatory issues and softening of jewellery demand led to weak earnings in the second quarter this year, says S Subramaniam, CFO of Titan. Speaking on the gold harvest scheme, he said  we faced significant regulatory issues over this period and not to say that the market itself was not all that great......Read More

Quote of the day 2nd November 2015

“Absence of Golden Harvest Scheme due to regulatory issues and softening of jewellery demand led to weak earnings in the second quarter this year.”

S Subramaniam, CFO, Titan

Quote of the day 2nd November 2015

“Only four refineries in India are BIS-approved out of 15-odd refineries operating in the organised sector. With the announcement of the GMS, refiners have now geared up for the BIS certification and some have already submitted their application for certification.”

 James Jose, Secretary, Association of Gold Refineries and Mints

AOJ Flash News : Govt Launches Gold Sovereign Bond Scheme with 2.7% Interest Rate

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