Regulatory recourse is not easy. One can accumulate money to purchase gold through systematic investment plans offered by mutual funds or a bank recurring deposit
The average value of card transactions in the two affected segments dipped in the days leading to Diwali, according to the data released by transaction processing company, Worldline.
Experts are of the opinion that although ongoing geopolitical issues between US and China gave way to slightly higher silver prices, they also caused a downturn in China’s economy, which had a negative effect on the white metal
The decline in shipments is mainly due to negative growth in the export of gold jewellery, coloured gem stones, and cut and polished diamonds.
Earlier, exports of any kind of gold jewellery or related items containing gold of 8 carats, and above, up to a maximum limit of 22 carats were permitted.
For Indian equity markets, the macro landscape is getting murkier with each passing day.
Despite its heady valuation, the stock provides investors a series of tailwinds to cash in on and has all that it takes to re-rate further.
However, in value terms, the demand for gold jewellery is likely to register a growth of 5-7 percent during the year, rating agency Icra said in its report.
In a complaint lodged against Gajera in 2003, one Vajubhai Malani claimed that the former had forged the documents to usurp his land and constructed a compound wall around it.
The ministry has already asked the gems and jewellery industry to work out a proper business plan to promote the growth of the sector
The gold demand in India stood at 193 tonnes during the third quarter of 2016, according to WGC's Global gold demand in Q3 2017.
"At present people don't get to know quality of gold jewellery that they buy. We are planning to make hallmark for gold jewellery mandatory. It should be done by January," Paswan told reporters at an event organised by Bureau of Indian Standards (BIS).
Titan shares rose as much as 4.6 percent to a record high of 636.65 rupees on Monday. They have risen 86 percent this year up to Friday's close.
The overall increase in the end price of jewellery is expected to be about one per cent, the report said.
According to Anil Sankhwal, Gems and Jewellery Export Promotion Council (GJEPC) northern region chairman, Europe poses a challenge to exporters.
When you buy gold jewellery you should always check for its purity by looking for hallmarking.
Jewellery portal CaratLane is planning to add 30 more retail stores and also eyeing to double its business turnover in the current fiscal.
The Tata Group firm told the exchanges that consumer sentiment and demand had recovered in the March quarter and sales traction was seen across all divisions.
In April-January period of the previous fiscal, exports from the sector stood at USD 26.5 billion, according to the data from Gems and Jewellery Export Promotion Council (GJEPC).
"During the last three financial years (2013-14, 2014-15 and 2015-16) and the current financial year (up to January 2017), the I-T department conducted searches on about 2,534 groups of persons, which led to admission of undisclosed income of about Rs 45,622 crore apart from seizure of undisclosed asset (cash, jewellery etc) worth about Rs 3,625 crore," Minister of State for Finance Santosh Kumar Gangwar said in a written reply to the Lok Sabha.
Morgan Stanley raised FY2017-19 earnings estimates by 3-6 percent driven by 3-5 percent increase in revenue growth estimates as it incorporated expectation of strong Q4 results.
The government's proposal to lower the cap of cash transactions to Rs 2 lakh may have hurt the jewellery stocks. CNBC-TV18's Navin Shetty analyses the impact.
Every organised jewellery company will report good growth in the current quarter, said Sanjeev Bhatia, CFO, PC Jeweller.
GST on gold and jewellery is still not known as of now. Currently, the sector pays 10 percent import duty, 1 percent tax and 1 percent VAT.
Nakshatra World filed its draft red herring prospectus to the Securities and Exchange Board of India and the stock exchanges. The company had announced its intention to raise Rs 650 crore.