{"id":14511,"date":"2026-05-26T07:27:13","date_gmt":"2026-05-26T07:27:13","guid":{"rendered":"https:\/\/jewellerynewsindia.com\/?p=14511"},"modified":"2026-05-26T07:27:43","modified_gmt":"2026-05-26T07:27:43","slug":"gjepc-seeks-industry-input-on-proposed-gold-reform-measures","status":"publish","type":"post","link":"https:\/\/jewellerynewsindia.com\/index.php\/2026\/05\/26\/gjepc-seeks-industry-input-on-proposed-gold-reform-measures\/","title":{"rendered":"GJEPC Seeks Industry Input on Proposed Gold Reform Measures"},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-full is-resized has-custom-border\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1000\" height=\"600\" src=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2026\/05\/IMG-1-9.jpg\" alt=\"\" class=\"wp-image-14513\" style=\"border-width:3px;border-top-left-radius:5px;border-top-right-radius:5px;border-bottom-left-radius:5px;border-bottom-right-radius:5px;width:700px\" srcset=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2026\/05\/IMG-1-9.jpg 1000w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2026\/05\/IMG-1-9-300x180.jpg 300w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2026\/05\/IMG-1-9-768x461.jpg 768w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2026\/05\/IMG-1-9-600x360.jpg 600w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/gjepc.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Gem &amp; Jewellery Export Promotion Council (GJEPC)<\/a> has initiated industry-wide consultations to develop a comprehensive proposal on gold monetisation and strategies to help reduce India\u2019s Current Account Deficit (CAD), following preliminary discussions on precious metals held by the <a href=\"https:\/\/www.commerce.gov.in\/\" target=\"_blank\" rel=\"noreferrer noopener\">Ministry of Commerce &amp; Industry<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Working alongside AIGJC, industry stakeholders, and its members, <a href=\"https:\/\/gjepc.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">GJEPC<\/a> is evaluating measures such as promoting low-carat jewellery, restructuring the Gold Monetisation Scheme (GMS) to unlock idle household gold, encouraging the exchange of old jewellery to strengthen recycling, and discouraging passive gold investments like bars and coins.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The proposed industry framework will not include temple gold, income tax amnesty proposals, or suggestions related to lowering gold import duties. It also advocates greater adoption of hallmarked 9K, 14K, and 18K jewellery, enhanced export incentives for the gems and jewellery sector, and stricter safeguards to curb smuggling activities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Jewellers are expected to play a central role in implementing these initiatives, supported by systems for declaration, valuation, and monitoring. In addition, mechanisms such as hedging and price protection may be considered to manage fluctuations in gold prices.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/gjepc.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">GJEPC<\/a> has requested feedback and suggestions from members by 28 May, and the final consolidated proposal is expected to be submitted to the Government by 5 June 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Gem &amp; Jewellery Export Promotion Council (GJEPC) has initiated industry-wide consultations to develop a comprehensive proposal on gold monetisation and strategies to help reduce India\u2019s Current Account Deficit (CAD), following preliminary discussions on precious metals held by the Ministry of Commerce &amp; Industry. Working alongside AIGJC, industry stakeholders, and its members, GJEPC is evaluating [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GJEPC Seeks Industry Input on Proposed Gold Reform Measures - JNI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jewellerynewsindia.com\/index.php\/2026\/05\/26\/gjepc-seeks-industry-input-on-proposed-gold-reform-measures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GJEPC Seeks Industry Input on Proposed Gold Reform Measures - JNI\" \/>\n<meta property=\"og:description\" content=\"The Gem &amp; Jewellery Export Promotion Council (GJEPC) has initiated industry-wide consultations to develop a comprehensive proposal on gold monetisation and strategies to help reduce India\u2019s Current Account Deficit (CAD), following preliminary discussions on precious metals held by the Ministry of Commerce &amp; Industry. 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href=\"https:\/\/jewellerynewsindia.com\/index.php\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","rttpg_excerpt":"The Gem &amp; Jewellery Export Promotion Council (GJEPC) has initiated industry-wide consultations to develop a comprehensive proposal on gold monetisation and strategies to help reduce India\u2019s Current Account Deficit (CAD), following preliminary discussions on precious metals held by the Ministry of Commerce &amp; Industry. Working alongside AIGJC, industry stakeholders, and its members, GJEPC is evaluating&hellip;","_links":{"self":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts\/14511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/comments?post=14511"}],"version-history":[{"count":1,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts\/14511\/revisions"}],"predecessor-version":[{"id":14514,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts\/14511\/revisions\/14514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/media\/14512"}],"wp:attachment":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/media?parent=14511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/categories?post=14511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/tags?post=14511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}