#AOJQuote of the day 4th January 2017:

 “The market has carried the theme of higher dollar, yield and stocks into 2017 -- a formidable challenge to gold." -

 Ole Hansen, Research Head, Saxo Bank

 

#AOJQuote of the day 4th January 2017:

 “I have been talking about cutting the duty as gold is a critical raw material for gems and jewellery sector and restriction-free gold import also discourages smuggling.” -

 Nirmala Sitharaman, Commerce and Industry Ministry, Govt of India

#AOJDailyeNews Thieves steal jewels worth $ 6 mn in Hollywood

AOJ E-NEWS :  In a Hollywood-style New Year's eve robbery, a trio of burglars broke into a Manhattan jewellery store whose owner was away in India and managed to flee with USD 6 million worth of precious gems. Read More

#AOJDailyeNews Israel's diamond trade slows in 2016

Israel’s polished diamond exports declined in 2016 even as sentiment improved in December. Outbound shipments of polished dropped 6.4 per cent to $4.68 billion during the year, the nation’s Ministry of Economy and Industry reported. Read More

#AOJDailyeNews Dubai Gold and Commodities Exchange grew 36% last year

Dubai Gold and Commodities Exchange (DGCX) closed the year on a high note recording growth of 36% over 2015 Read More

#AOJDailyeNews Keep labour-intensive sectors out of GST ambit: Commerce Ministry

Commerce and Industry Ministry today asked the GST Council to grant ab-initio exemption to exporters from the Goods and Services Tax and keep the labour-intensive sectors like leather and plantation completely out of the tax net or put them in lowest slab. Read More

#AOJDailyeNews Enforcement Directorate smells a rat in November gold imports

 Enforcement Directorate (ED) officials suspect a lot of black money may have been illegally converted into gold through bullion traders. The ED is also probing the connivance of banks in the process.  Read More