Author name: JNI

GJC urges that the limit of jewellery purchasing for cash of Rs. 10,000/- per day to be increased to Rs. 1,00,000/- per day. In the row GJC explained; currently, the monetary limit on revenue expenditure or purchase limit in cash is Rs. 10,000 per day. A majority of the people in Rural India prefer Gold […]

All India Gem & Jewellery Domestic Council (GJC), a national apex body for the gems & jewellery industry, have urged the Union Finance Minister Nirmala Sitharaman to withdraw the Basic Customs Duty on gold and also GST on the gems & jewellery industry. In the pre-budget recommendation 2024-25, the apex body has submitted an exhaustive

According to the reliable fact & figures, provisional gross export of India for old Jewellery for the period April-December 2023 totaled at US$ 7260.330 million (Rs. 60184.71 crores) shown a growth of 0.68% (4.77% Rs. term) over the comparative figure of US$ 7211.09 million (Rs. 57445.21 crores) for the previous year. Provisional gross export of

In celebration of its 105th anniversary, the India Bullion and Jewellers Association (IBJA) is gearing up for the highly anticipated 9th edition of the India International Bullion Summit (IIBS-9). Scheduled to take place at Aurika, Mumbai SkyCity on March 28th and 29th, 2024, the event promises to be a spectacular affair following the resounding success

The platinum market shifted to a more balanced state in Q3’23, posting a 40 koz deficit. While the global economy is still growing in absolute terms, the rate is slowing. The IMF describes growth as limping rather than sprinting. Despite the tepid economic performance, higher vehicle production, more stringent emissions regulations, and increased platinum loadings

Of course, there’s more to the silver market than supply and demand. As gold’s sister metal, silver is affected by many of the same economic and geopolitical factors that move the yellow metal, and interest rates are at the top of the list. Inflation took off following Covid-19, and the Fed has set a goal

In his expression, Suvankar Sen, Managing Director-Senco Gold and Diamonds said about, the changing dynamics of Indian jewellery demand. He said, with a company history of more than five decades, Senco Gold and Diamonds has witnessed considerable change in the Indian jewellery market. These developments have occurred both at the retail and trade level. The

Ravindra Rao, Head – Commodity Research at Kotak Securities said, COMEX Gold prices pared early gains and closed lower on 24 January, Wednesday, as robust economic data from US prompted investors to pare March Fed rate cut wagers, which now stands at 41% compared with almost 70% a week ago. The greenback and treasury yields

A buyer confidence is growing India and accordingly domestic business and exports is growing with piling forex reserve. In the row, recently; Shaktikanta Das, Governor, Reserve Bank of India delivered speech at Davos, Switzerland and presented India’s outlook for 2024-25. Talking about Macroeconomic Stability point of view, he said; amidst an uncertain and challenging global

Dassani Brothers, India’s premier designer jewellery brand celebrated for its exquisite craftsmanship and timeless elegance, proudly unveils its latest collection, Jewels of Harmony, in commemoration of the 75th Republic Day. Embracing the rich tapestry of Indian culture, individuals attire themselves in ethnic garments adorned with Indian jewels, creating a splendid festive ensemble that articulates the