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World Gold Council

India’s gold demand in Jan-Mar drops by 17% to 112.5 tonnes due to high prices: WGC

Overall gold demand during the corresponding quarter in 2022, was at 135.5 tonnes, WGC's Gold Demand Trends Q1 2023 statedMumbai: India's gold demand during January-March quarter declined by 17 per cent to 112.5 tonnes, as record high gold rates...

Jewellery industry needs digital strategies for post-COVID growth: Report

The jewellery industry which is going through a slowdown in consumption demand amid the pandemic would require digital strategies for its growth post the COVID-19 crisis, according to a report by the World Gold Council. The report noted that although...

Jewellers laud rural focus rue, no reduction in import duty

Welcoming the Budget, the gems and jewellery industry said positive focus on the rural economy and estimated growth of GDP to 7.2-7.5 per cent will boost demand.According to a PTI report: However, they were disappointed that there was no...

Overall impact of GST on gold industry will be positive: World Gold Council

Even as consumers will face a slightly higher tax rate in gold after the Goods and Services Tax (GST) is rolled out this July, the overall impact on the gold industry will be positive, the World Gold Council (WGC)...

India Inc hails implementation of GST

The Goods and Services Tax (GST) is on schedule for implementation from July 1. Hailed as the biggest tax reform since India’s independence, GST will replace an array of central and state levies with a national sales tax, thereby...

GST rates for gold, diamond, footwear, packaged goods, textiles announced

The GST Council on Saturday completed the work of bringing all items under a 4-slab tax structure with gold attracting 3 per cent rate, ending suspense on the item dear to Indians, even as all states barring West Bengal...

Economic growth to boost India's gold demand up to 950 tonnes level by 2020

Economic growth and greater transparency within the country's gold market will boost demand for the yellow metal up to 950 tonnes level by 2020, World Gold Council (WGC) said in a report today. India's gold demand has fallen sharply in...

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...

Demonetization may affect gold demand in short term: WGC

India's demonetization decision is likely to affect gold demand in the short term, a World Gold Council (WGC) outlook report released on Friday stated. "In India, the Government's decision to remove large denomination rupee notes took around 86 per cent...
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Honasa Consumer posts Q4 profit at Rs 30.47 cr, sales up 21.5% at Rs 471 cr

Its revenue from operations grew 21.46% to Rs 471.09 crore in the fourth quarter of this fiscal. It was...
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