Page 5 - Gold Jewellery

Tamil Nadu CM Stalin launches scheme to melt temple jewellery

Tamil Nadu Chief Minister M K Stalin on Wednesday launched the preliminary work to melt into 24 carat gold bars, the unutilised jewellery in the possession of the temples in the State. Initially, the gold ornaments lying unutilised at the three renowned temples of Sri Karumariamman temple in Tiruverkadu, Sri Mariamman temple in Samayapuram and Sri Mariamman temple at Irukkankudi, will be melted and converted into gold bars for monetisation. The funds raised by depositing the gold bars in nationalised banks would be used for the development of the temples under the ambit of the State Hindu Religious and Charitable Endowments (HR & CE) department, the government said. On Wednesday, the Chief Minister virtually launched the revival of the scheme, from the Secretariat here, in the presence of HR & CE Minister P K Sekar Babu, Tourism, Culture and HR & CE Principal Secretary B Chandra Mohan, HR & CE Commissioner J Kumaragurubaran and other officials. The temple gold ...

Business glitters for jewellers as gold prices fall 17%, economy recovers

Reprieve in the pandemic means they can eye a recovery in their most lucrative sales period.

Prasad Nagarkar, an influencer and entrepreneur discusses how Gold jewellery allures Generation Z

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Buy digital gold for as low as Rs 100 this festival season: Details here

But those seeking greater safety should stick to SGBs or gold ETFs

Revenue of gold jewellery retailers expected to grow 12-14% in FY22: Report

Gold jewellery retailers are expected to witness 12-14 per cent growth in revenue during 2021-22, driven by stable gold prices and recovery in discretionary spending

Gold imports nearly double in August as prices dip ahead of festivals

Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices , which have corrected nearly 12% from an all-time high of $2,072 in August 2020

Jeweller Joyalukkas said to plan $400 million IPO next year: Report

Joyalukkas may file a draft prospectus by end of November or early December: report

Small jewellers see relief as key hallmarking issues resolved

Industry wants relaxations to be notified at the earliest

Gold price today at Rs 47,380 per 10 gm, silver trending at Rs 67,900 a kg

In New Delhi, the price stands at Rs 47,140 per 10 gm. For Mumbai, the yellow metal is selling at Rs 47,380, while, in Chennai, it is at Rs 45,470

Attractive stock markets may keep investors away from gold: Analysts

Demand for gold in India jumped 19.2 per cent in the April - June 2021 quarter to 76.1 tonnes, suggests the latest report from World Gold Council (WGC)

Mandatory hallmarking of gold jewellery on track since June 16: Govt

The government on Tuesday said mandatory hallmarking of gold jewellery is being implemented in phases since June 16, and a circular saying it has been withdrawn is "fake".

GST payable only on profit earned from resale of gold jewellery

Karnataka Authority for Advance Ruling has held that in case of resale of second-hand gold jewellery, jewellers have to pay GST only on the profit earned from such sale

Gold price today at Rs 47,480 per 10 gm, silver trending at Rs 69,500 a kg

In New Delhi, the price of 22-carat gold was hiked to Rs 47,300 per 10 gm on Friday

World Gold Council, GJEPC ink pact to promote gold jewellery in India

The World Gold Council and Gems and Jewellery Export Promotion Council (GJEPC) have signed an agreement to promote gold jewellery in India this year, according to a statement

Mandatory hallmarking of gold jewellery implemented in 8 Odisha districts

Odisha Food Supplies and Consumer Welfare Minister Ranendra Pratap Swain Tuesday said that mandatory hallmarking of gold jewellery has been implemented in eight districts of the state

Hallmarking of gold jewellery now mandatory: What this means for you

The government has made hallmarking of gold jewellery mandatory in India from June 16, 2021. So far, gold hallmarking in the country was voluntary in nature. But in 2019, the government announced it would make it mandatory from January 15, 2021 but the deadline was extended twice till June 15 after the jewellers sought more time in view of the pandemic. But what does hallmarking of gold jewellery mean and for whom is it now mandatory. Watch the video to understand the new rule.

Mandatory gold hallmarking from Wednesday, initially in 256 districts: Govt

The Centre on Tuesday said mandatory hallmarking of gold jewellery and artefacts will come into force from June 16 in a phased manner and initially will be implemented in 256 districts of the country. A decision in this regard was taken after a meeting chaired by Consumer Affairs Minister Piyush Goyal with industry stakeholders. In November 2019, the government had announced that hallmarking of gold jewellery and artefacts would be made mandatory across the country from January 15, 2021. But the deadline was extended for four months till June 1 and later till June 15 after the jewellers sought more time in view of the pandemic. Gold hallmarking is a purity certification of the precious metal and has been voluntary in nature so far. "Continuing our government's endeavour for better protection & satisfaction of customers, mandatory hallmarking in 256 districts will be implemented from June 16, 2021. No penalty will be imposed till August 2021," Consumer Affairs Minister Piyush ...

Gold price today at Rs 47,760 per 10 gm, silver trending at Rs 71,900 a kg

Gold prices inched up marginally in India despite sliding in the bullion markets amidst the strong dollar

Gold price today at Rs 47,730 per 10 gm, silver trending at Rs 72,300 a kg

In New Delhi, the price of 22-carat gold was down to Rs 47,890 per 10 gm

Gold price unchanged at Rs 47,680 per 10 gm, silver at Rs 71,400 a kg

Gold prices traded flat in India on Thursday despite easing in the international markets ahead of the release of the US inflation data