Prime Minister Narendra Modi on Sunday gifted US President Joe Biden an antique silver hand-engraved train model, a rare and extraordinary piece masterfully crafted by artisans from Maharashtra and showcasing the pinnacle of Indian metalworking artistry. The vintage piece involves intricate filigree work and is made of 92.5 per cent silver, officials said. This creation is a tribute to the steam locomotive era, with artistic brilliance merging with historical significance. Signifying the robust linkages between India and the US, the model has been customised by inscribing "DELHI-DELAWARE" on the sides of the main carriage and "INDIAN RAILWAYS" on the sides of the engine in English and Hindi based on the standard format used on passenger trains in India, they noted. This work not only highlights the artisan's exceptional skill but also serves as a glowing testimony to the long history of Indian railways and its global influences. Modi chose a pashmina shawl in papier mache box as t
With the government seeking a review of certain provisions of a free trade agreement with UAE, think tank GTRI on Friday asked for the withdrawal of duty cut concessions on platinum, silver, diamonds, gold jewellery, and tweak the rules of origin norms in the pact. India and the United Arab Emirates (UAE) signed the Free Trade Agreement (FTA), officially dubbed as Comprehensive Economic Partnership Agreement (CEPA) on February 18, 2022, and implemented on May 1, 2022. The Global Trade Research Initiative (GTRI) has earlier stated that the pact contains provisions for unlimited imports of duty-free gold, silver, platinum, and diamonds into India over the next few years and it would hurt domestic industry. It has also alleged that there is a potential misuse of the rules of origin in the agreement and due to that India should review the CEPA. Meeting these rules are must to get duty concessions under the agreement. In the review, it said India should focus on issues such as "withdraw
Union Budget 2024: Finance Minister Nirmala Sitharaman will present the Budget in the Lok Sabha on July 23
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,390, Rs 66,240, and Rs 66,840, respectively
The price of 22-carat gold slipped Rs 10, with the yellow metal trading at Rs 65,740
Silver at $30.12 was down over 2 per cent at the time of MCX closing as the corresponding MCX July contract at Rs 90305 was down 2.91 per cent on the day
To unveil"Rasamayi" brand in the existing Kalamandir store in Visakhapatnam
The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 76,200
High prices and previous year's base weighed on the precious metal
In a notification issued on Monday, India's Ministry of Finance also hiked the import duty on spent catalysts containing precious metals to 14.35 per cent from 10.1 per cent
The price of 22-carat gold also dipped Rs 100, with the yellow metal selling at Rs 54,950
The price of 22-carat gold also fell Rs 150 with the yellow metal selling at Rs 54,950
GIVA Jewellery has raised Rs 200 crore from investors, including Premji Invest to expand its business. The Bengaluru-based company, which mainly deals in fine silver jewellery, has raised this amount in Series B funding led by Premji Invest. The round also saw participation from existing investors Aditya Birla Ventures, Alteria Capital and A91 Partners, GIVA said in a statement. This will help the company innovate further and expand its product categories and offerings. "This investment will empower GIVA to expand its omnichannel presence with more offline stores and consolidate its position as the go-to platform for minimalistic jewellery and affordable gifting options," the statement said. Founded in 2019, GIVA deals in authentic 925 fine silver jewellery and recently made a foray into 14K and 18K gold and lab-grown diamond jewellery. Premji Invest primarily supports philanthropic initiatives of Azim Premji Foundation.
A small price correction is seen where demand is expected to return
After underperforming for 2 yrs, silver has risen in line with benchmark indices but one should limit exposure to it to 5-10 per cent of portfolio
Industrial recovery, higher demand from new age technologies could propel a turnaround
The price of gold vary for different regions based on certain parameters such as the excise duty, making charges and the state taxes
Gold jewellery sales plunge on unaffordable high bullion price
Affordability is just part of the story. The metal is easy on the skin, comes with classy designs that can't be created in gold and is as just as good a style statement, if not better