Page 4 - Gold Jewellery

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

Revenue of organised gold jewellers to rise 16-18% in FY24: Report

Sustained high gold prices are likely to hike revenues of organised gold jewellery retailers by 16-18 per cent this fiscal, a report said on Thursday. However, volume growth will remain modest due to elevated prices this fiscal. This comes after a stellar compound annual growth rate (CAGR) of 35 per cent logged during FY22 and FY23, mainly due to strong volume growth, driven by pent-up demand and increased consumer spending. Average realisations during the previous two fiscals increased at a CAGR of 5 per cent, Crisil Ratings said in a report. "We expect a low single-digit volume growth for the organised players during FY24, given elevated gold prices. That said, organised players will continue to see modest market share gain, compared with unorganised players. While revenue will grow by 16-18 per cent on sustained high gold prices," Crisil Ratings Senior Director Anuj Sethi said. The organised sector accounts for slightly more than a third of the market, with the unorganised secto

Gold ornaments raise retail inflation in personal care segment to 9% in Apr

Prices of the safe haven asset have soared due to global economic uncertainty

Organised gold jewellery retailers' revenue to grow 23-25% in FY23: Report

The organised jewellery retailers are expected to witness 23-25 per cent revenue growth this financial year on pent-up demand and recovery in discretionary spending, according to a report. The revenue of organised gold jewellery retailers -- which had jumped 36 per cent in the last fiscal on a low base of the pandemic-marred FY21 -- will grow 23-25 per cent this fiscal as volume grows on pent-up demand and recovery in discretionary spending, Crisil Ratings said in a report on Thursday. However, the report said that in 2023-24, growth will moderate to 8-12 per cent, given the higher base of this fiscal and slower growth in disposable incomes will weigh on discretionary spending. In this scenario, the operating margin is likely to decline 40-70 basis points year-on-year because of increased marketing and store-related expenses, and stabilise at the pre-pandemic level of 6.7-7 per cent this fiscal and in FY24. Crisil Ratings has given the credit outlook for organised players as ...

Jaipur to host mega jewellery show with over 900 stalls from Dec 23-26

A large number of tour operators have dovetailed their itinerary with this event

Gold trading at Rs 52,580 per 10 grams, silver selling at Rs 61,700 per kg

The price of ten grams of 22-carat gold in Delhi, Bengaluru, and Chennai was Rs 48,350, Rs 48,250, and Rs 48,920, respectively

Planning to buy gold this Dhanteras? Check price, purity and hallmarking

The price of the gold depends on the karat which is a measurement of the purity of a piece of gold

TMS Ep241: UPI charges, FIFA bans AIFF, jewellery stocks, ISRO's SSLV

Should there be charges on UPI fund transfers? What's at stake as FIFA bans Indian football federation? Should you buy jewellery stocks this festive season? Why is ISRO's SSLV important? Answers here

Should you buy jewellery stocks ahead of the festive season?

The onset of festive season is sparkling brightly over the jewellery sector. With gold prices correcting over 12 per cent from March peak, analysts foresee more upside in related stocks down the road

Want to get your old gold jewellery hallmarked? Check costs, other features

There are two ways in which you can get your ornaments hallmarked in order to make them marketable