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Gems, jewellery industry urges govt for duty reduction, increase PAN card transaction limit

Currently, the basic customs duty is at 12.5 per cent ad valorem, which takes the total tax to 18.45 per cent on the imported goldMumbai: The gems and jewellery industry has urged withdrawal of hike in basic customs duty...

Tanishq strengthens retail network with 50th store in TN

Tanishq's latest store is spread across 6,800 sq. ft and is offering a wide range of signature Tanishq designsChennai: Noted jewellery brand Tanishq of diversified conglomerate Tata Group inaugurated its 50th outlet in the State, strengthening its retail footprint...

Retail gold sales down on Akshaya Tritiya

Retail gold sales are noticeably down on the auspicious Akshaya Tritiya this year owing to several factors, said a leading jewellers association chief.Mumbai Jewellers Federation President Rakesh Shetty said the reasons for the poor sentiments were the higher rates...

India's Q4 gold demand up 3.3 pc; full year demand drops: World Gold Council

The government's demonetization move appears not to have affected the demand for gold, which went up by 3.3 per cent in the fourth quarter (October-December) of 2016, data released by the World Gold Council showed on Friday. However, gold demand...

Note ban impact on gold buying will wane after budget: World Gold Council

India's demonetization drive has impacted gold demand in the short term but buying is showing signs of revival and post the presentation of the national budget on February 1, the market will be back to normal, says the India...

It was all glitter for gold market in 2016

It was all glitter for the gold market in 2016, at least as far as price was concerned. "Gold prices went up by 15-20 per cent on an average throughout the year. Overall price wise it was a good year,...

Low demand from jewellers due to cash crunch leads to fall in gold prices

Gold prices fell by Rs 30 to Rs 27,900 per 10 grams on Monday owing to slackened demand from jewellers, even as the metal strengthened overseas. Silver, however, advanced by Rs 350 to regain the Rs 40,000 per kg mark on...

Jewellers strike against excise duty, shut shop

Bullion traders are protesting against a Budget 2016 proposal to levy 1 per cent excise duty on jewellery and have gone on a strike in a nationwide protest, with shops remaining shut for a second day in a row. “Traders...

Government to push Indian jewellery

The government of India is said to have planned an organization for the India’s gems and jewellery sector. This organization is said to be on the lines of Gold Group of Dubai and will help in projecting Indian jewellery...
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Stanley Lifestyles IPO subscribed 1.43 times on day 1 of offer

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