Author name: JNI

At the December 2023 overview, World Gold Council presented that, Global physically backed gold ETFs witnessed net outflows of US$1bn in December, marking their seventh consecutive monthly loss. Collective holdings stood at 3,225t at the end of 2023, a 10t decrease in December. Benefiting from continued strength in the gold price (+2% m/m), total AUM […]

Diamonds Do Good published its annual Impact Report while announcing its largest granting in 5 years of $365,000 to beneficiaries spanning diamond mining and manufacturing communities across three continents. Says Kathy Corey, Diamonds Do Good’s President, “The 2023 Impact Report is a testament to the unique role Diamonds Do Good serves the industry as the

Directorate of Enforcement (ED) has conducted search operations under the provisions of Prevention of Money Laundering Act (PMLA), 2002 on 02.01.2024 at three locations in Patna (residential and business premises) related to M/s Mohan Alankar Jewellers and Co. and arrested Sourav Kumar( Son of the proprietor of the firm) on 04.01.2024 in the case of

While silver experienced plenty of volatility in 2023 due to competing headwinds and tailwinds, it didn’t see the breakout some expected. Instead, it looks ready to end the year in largely the same place in which it started. Looking ahead to 2024, it’s possible silver will fare better as the Fed prepares to potentially take

Sarine Technologies announce the expansion of the GCAL by Sarine certification and grading business to Surat, India. This strategic move is a key benefit of the Sarine and GCAL merger, combining Sarine’s groundbreaking AI-based grading technologies, extensive customer base in the diamond midstream segment and operational infrastructure in India with GCAL’s leading grading brand and

Gold is intrinsic to Indian culture, closely tied to religious beliefs, tradition and festivals. Bridal jewellery dominates the gold jewellery landscape, enjoying 50-55% of market share; weddings, together with festivals, constitute the two major gold purchase occasions in India. In the absence of official records, the country is estimated to have around 11-13mn weddings per

According to the IIBX, they circulated Standard operating Procedure (SoP) for on boarding valid India-UAE TRQ holders to import UAEGD Gold under the India-UAE CEPA on India International Bullion Exchange IFSC Limited (IIBX).   International Financial Services Centres Authority (IFSCA) vide the aforesaid circular has facilitated valid holders of India – UAE Tariff Rate Quota (TRQ)

In a World Platinum Investment Council report, it is said that, the Q3 2023 deficit of 40 koz on increasing automotive, industrial and investment demand The third quarter of 2023 saw a consolidation of several demand themes across the platinum market, with supply remaining constrained, and demand robust, with the exception of some weakness in

Silver saw ups and downs in 2023, but as the year draws to a close the metal’s price isn’t far from where it started. Find out what trends have moved the market over the last 12 months. Silver saw a record deficit in 2022, and coming into 2023 some experts had high expectations for the

Micro, Small and Medium Enterprises (MSME) sector, with more than 6.30 crore enterprises, has emerged as a highly vibrant and dynamic sector of the Indian economy, fostering entrepreneurship and generating self-employment opportunities at comparatively lower capital cost, next only to agriculture. At the Credit Guarantee Scheme, the review said, the Credit Guarantee for Micro and