Page 3 - Gold Jewellery
Curbs on some studded gold jewellery not applicable for SEZ units: DGFT
The government has clarified that its decision to impose import curbs on certain types of studded gold jewellery is not applicable for units in the special economic zones (SEZs). On June 11, the directorate general of foreign trade (DGFT) through a notification imposed the restrictions to discourage inbound shipments of these items from countries like Indonesia and Tanzania. "It is clarified that imports made by SEZ units (other than free trade warehousing zones)...are outside the purview of this notification," the directorate general of foreign trade (DGFT) has said in a policy circular. The DGFT has said that it has received representations from SEZ units highlighting the issues faced by them due to this notification. Goods under restricted category need a licence/permission from the government. SEZs are key export hubs which contributed over one-third of the country's total outbound shipments in the last fiscal. These are enclosures that are treated as foreign territories for t
 "Curbs on some studded gold jewellery not applicable for SEZ units: DGFT")
Gold slips Rs 10, silver declines Rs 100; yellow metal trading at Rs 72,320
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,440, Rs 66,290, and Rs 66,890, respectively
 "Gold slips Rs 10, silver declines Rs 100; yellow metal trading at Rs 72,320")
Jewels by Preeti aims to open 15 retail stores across India by year-end
Diamond manufacturer Jewels by Preeti on Monday said the company is planning to open 15 retail stores across major cities in the country by the end of this year. This strategic expansion aims to capture a significant share in the offline market by providing last-mile connectivity and cater to the growing demand for trendy and timeless diamonds in India, the company said in a statement. In the initial stage of expansion, Jewels by Preeti is planning to open seven stores in the metropolitan hubs of Mumbai, Delhi, Bengaluru, Pune, Hyderabad, Chennai, Kolkata, and Ahmedabad. "It is a pivotal step for us to reach a wider audience, offering astute customers of both the upper and middle classes an abundance of access to purchase top-notch quality diamond jewellery," Jewels by Preeti Founder Preeti Jain said. The company intends to hire 300 employees to drive its growth strategy, Jain added.
 "Jewels by Preeti aims to open 15 retail stores across India by year-end")
 "What makes exchanging old gold jewellery for new a smart choice?")
Govt restricts import of gold jewellery and parts amid unusual surge
The jump in imports has been the sharpest in the case of gold jewellery parts that saw 30 times jump to $1.55 billion in FY24 from $51.51 million a year ago
 "Govt restricts import of gold jewellery and parts amid unusual surge")
Jewellery worth Rs 300 sold to US resident for Rs 6 crore in Jaipur
The woman exhibited the jewellery at a showcase in the United States, where it was subsequently found to be counterfeit
 "Jewellery worth Rs 300 sold to US resident for Rs 6 crore in Jaipur")
CBIC steps up its vigil over imports of unbranded gold jewellery
Amid spurt in seizures of gold jewellery; monitor gold shipments under free trade pact
Gold price climbs Rs 10 to Rs 73,210, silver rises Rs 100 to Rs 97,800
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 67,260, Rs 67,110, and Rs 67,760, respectively
 "Gold price climbs Rs 10 to Rs 73,210, silver rises Rs 100 to Rs 97,800")
Gold price climbs Rs 10 to Rs 75,170, silver up Rs 100 at Rs 96,600
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 69,060, Rs 68,910, and Rs 69,010, respectively
 "Gold price climbs Rs 10 to Rs 75,170, silver up Rs 100 at Rs 96,600")
Gold price slips Rs 10 to Rs 73,350, silver down Rs 100 at Rs 86,900
The price of 22-carat gold also went down by Rs 10, with the yellow metal selling at Rs 67,240
Gold price slips Rs 10 to Rs 72,150, silver rises Rs 100 to Rs 85,300
The price of 22-carat gold also went down by Rs 10, with the yellow metal selling at Rs 66,140
Gold price slips Rs 10 to Rs 72,260, silver down Rs 100 at Rs 84,900
The price of 22-carat gold also went down by Rs 10, with the yellow metal selling at Rs 66,360
 "Gold price slips Rs 10 to Rs 72,260, silver down Rs 100 at Rs 84,900")
Gold price slips Rs 10 to Rs 73,390, silver rises Rs 100 to Rs 86,400
The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 67,640
Gold price climbs Rs 10 to reach Rs 74,140, silver up Rs 100 to Rs 87,100
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 68,110, Rs 67,960, and Rs 68,710, respectively
Gold price slips Rs 10 to Rs 72,540, silver down Rs 100 at Rs 85,400
In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 66,490
Gold price rises to Rs 72,110, silver price climbs Rs 100 to Rs 85,600
The price of one kilogram of silver in Chennai stood at Rs 89,100
Gold price declines Rs 10 to Rs 69,100, silver rises Rs 100 to Rs 79,100
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 63,490, Rs 63,340, and Rs 64,290, respectively
 "Gold price declines Rs 10 to Rs 69,100, silver rises Rs 100 to Rs 79,100")
Gold slips Rs 10, silver declines Rs 100, yellow metal trading at Rs 66,700
In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 61,140
 "Gold slips Rs 10, silver declines Rs 100, yellow metal trading at Rs 66,700")
Gold price slips Rs 10 to Rs 66,810, silver up Rs 100 at Rs 77,900
The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 77,900
Gold declines Rs 10, silver slips Rs 100, yellow metal trading at Rs 65,860
The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 76,900