Page 3 - Gold Jewellery

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 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 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 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

Gold price slips Rs 10 to Rs 66,250, silver rises Rs 100 to Rs 76,200

The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 76,200

Gold hits new high; Jewellery related shares dip up to 5% on demand worries

Gold futures scaled a new high of $2,150 per ounce in international markets on hopes of Fed rate cut; but domestic demand a concern for jewellers back home.

'Robust branding strategy crucial to make India as top jewellery supplier'

The Directorate General of Foreign Trade (DGFT) on Wednesday pitched for formulating a robust branding strategy positioning India as a top supplier and value-added provider of gold jewellery. "India stands as one of the largest buyers of gold globally, showcasing considerable buying power that can potentially influence the streamlining of gold prices and availability. "Recognising the fragmented nature of gold demand in India, spanning from small to large jewellers and varying from kilograms to tonnes, there's a pressing need for streamlining exports," DGFT Director General Santosh Kumar Sarangi said. He was speaking at the 4th edition of the 2-day 'India Gold & Jewellery Summit' that concluded on Wednesday. "Collaboration between the Department of Commerce, GJEPC, and leading brands is essential to formulate a robust branding strategy positioning India as a top supplier and value-added provider of gold jewellery," he said. According to him, the potential of e-commerce in cross ..

Up to 30% off on gold, diamonds: Dhanteras offers by leading jewellers

From offering up to 30 per cent discounts to exciting cashback offers, top jewellery brands have opened their doors to a plethora of enticing deals and promotions this Dhanteras

Go for gold bonds if you have long horizon, ETFs if you need liquidity

Buy jewellery for consumption; it is inefficient for investment purposes

Silver remains unchanged, gold falls by Rs 50, trading at Rs 59,400/10g

The price of 22-carat gold fell by Rs 50, with the yellow metal selling at Rs 54,450

Gold price falls Rs 110 to Rs 59,950, silver dips Rs 500 to Rs 73,500

The price of 22-carat gold also dipped Rs 100, with the yellow metal selling at Rs 54,950

Gold demand in India dips 7% YoY in June 2023 quarter as prices rise: WGC

High gold prices, and a knee-jerk reaction to the ban on Rs 2,000 notes during the recently concluded quarter, WGC said, also dented sentiment for gold

Firm buying to keep the rally going in gold jewellery stocks, say analysts

Gold jewellery retailers: Kalyan Jewellers, Titan, PC Jewellers, Thangamayil Jewellery, and Tribhovandas Bhimji Zaveri have rallied 21-72% so far since April as compared to a 13% gain in the Sensex

Import restrictions on gold jewellery not applicable for SEZ units

The government has clarified that import restrictions on certain gold jewellery and articles are not applicable for units in the special economic zones (SEZs). On July 12, the government, through a notification, imposed these restrictions on certain gold jewellery and articles. In a policy circular, the Directorate General of Foreign Trade (DGFT) said it has received representations from SEZs units highlighting issues being faced by them due to these restrictions. Accordingly, it is "clarified" that imports of these products by SEZ units "are outside the purview" of the July 12 notification, the Directorate General of Foreign Trade (DGFT) said. These zones are treated as foreign entities in terms of provisions related to customs.

Senco Gold's Rs 405 cr-IPO to open for public subscription on July 4

The Rs 405 crore-initial share sale of jewellery retail player Senco Gold Ltd will open for public subscription on July 4. The initial share sale will conclude on July 6 and the bidding for anchor investors will open on July 3, according to the Red Herring Prospectus (RHP). Senco Gold's Initial Public Offer (IPO) comprises of a fresh issue of equity shares aggregating up to Rs 270 crore and an offer-for-sale (OFS) of equity shares to the tune of Rs 135 crore by selling shareholder - SAIF Partners India IV Ltd. At present, SAIF Partners has 19.23 per cent stake in the jewellery retail chain. The company proposes to use Rs 196 crore of net proceeds from the fresh issue towards funding working capital requirements and the remaining for general corporate purposes. The Kolkata-based firm has 127 showrooms -- 70 company operated and 57 franchisee -- in 89 cities and towns across 13 states in India. Some of its franchisee showrooms are located in areas other than metros and Tier-I, provi