Gold
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Gold demand slips 15% in Q1 as prices hit record highs
Demand ͏for gold in India drop͏ped ͏by up to 15% year-͏on-͏year in͏ the A͏pril-June qu͏a͏rter, as consumers avoided the prec͏ious metal amid risi͏ng prices....
Gems and Jewellery exporters push for import duty reduction on gold, silver, and platinum bars ahead of budget
Gems and jewellery exporters are advocating for a reduct͏ion in import duties on͏ gold, silver, and platinum bars to ͏4% in the ͏upcoming budget....
India’s gems and jewellery exports decline 5% to INR 20,713.37 Cr in May: GJEPC
India's to͏tal expor͏ts of gems and jewellery in Ma͏y fell by 4.97 percen͏t to I͏NR 20,713.37 crore co͏mpared t͏o the same mo͏nth last͏ year,...
Jewellery stores report uptick in sales as gold prices decrease by 4.5%
A drop of 4.5% in gold prices over three weeks, from a peak of INR 74,222 per 10 gm, has invigorated consumer confidence. Mumbai's...
Senco Gold targets 15-20% revenue and profit growth in FY25
Senco Gold Ltd, a prominent jewellery chain, expects a 15-20% growth in revenue and profit in the current fiscal year, despite the escalating prices...
Malabar Gold & Diamonds, Bhima Jewellers, and Kalyan Jewellers see record-breaking sales on Akshay Tritiya
South Indian jewellers such as Malabar Gold & Diamonds, Bhima Jewellers, and Kalyan Jewellers experienced robust demand during this year's Akshay Tritiya, celebrated on...
Kalyan Jewellers’ Q4 consolidated PAT surges 97% to INR 137 Cr
Kalyan Jewellers has reported a 97% growth in consolidated profit after tax (PAT) to INR 137.49 crore during the March quarter. The retailer's PAT...
Jewellers anticipate significant surge in gold sales this Akshaya Tritiya as prices dip; expect over 30% growth
This Akshaya Tritiya, jewellers are anticipating a boost in sales as gold prices have slightly decreased compared to last month. Despite a 20% decrease...
Gold price surge dampens demand, Senco Gold shifts focus to diamond jewellery and consumer schemes
Senco Gold Ltd, a prominent player in the jewellery retail sector, stated that the recent sharp surge in gold prices due to geopolitical reasons...
Kalyan Jewellers reports 34% revenue surge in Q4 FY2024; plans aggressive expansion for FY2025
Despite a sharp rise in gold prices during the second half of the quarter, Kalyan Jewellers, a prominent jewellery player, reported a robust 34...
Gems and jewellery industry urges rollback of increased gold customs duty in interim budget, calls for streamlined tax structure
The gems and jewellery industry is pressing for the rollback of the increased basic customs duty (BCD) on imported gold in the upcoming interim...
Zomato revamps gold loyalty program, discontinues ‘on-time guarantee’ benefits for new memberships
Food delivery platform Zomato has modified its loyalty program, Gold, by discontinuing the 'on-time guarantee' benefits for memberships purchased or renewed from November 25,...