Indian Jewelers Seek Covid Exemptions April 12, 21 by John Jeffay
(IDEX Online) - Jewelers in India s Maharashtra state are lobbying the government for permission to open, despite a Covid-ban on all but essential businesses.
April is traditionally a busy month, with Gudi Padwa (Hindu lunar new year) a
nd a number of other harvest festivals, as well as the start of the wedding season.
Maharashtra, with a population of 110m, currently has a night-time curfew and weekend lockdowns but is expected to announce a full lockdown in coming days.
The trade body All India Gem and Jewellery Domestic Council (GJC) has made representations to the state s chief minister, warning that retailers will miss out on a sales spike of up to 40 per cent.
Jewellers urge CM to allow operations on festival days
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Restaurant owners stage silent protests across Maharashtra opposing restrictions
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Restaurant owners stage silent protests across Maharashtra opposing restrictions
Jewellers and restaurant and mall owners have urged the State government to relax the restrictions imposed in view of the rising COVID-19 cases to protect jobs and ensure livelihood for millions.
The All India Gem and Jewellery Domestic Council (GJC) on Thursday wrote to Chief Minister Uddhav Thackeray urging him to allow jewellers to operate on Gudi Padwa and other summer festival days as well as during the wedding season of April-June.
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Gold prices are falling and the world’s biggest market for the yellow metal is hoping for more shoppers
Gold prices are falling and the world’s biggest market for the yellow metal is hoping for more shoppers
Prabhjote GillMar 9, 2021, 15:14 IST
Gold prices have dipped by over 20% since last year s highsUnsplash
Gold prices are falling for the third consecutive week as the Indian economy recovers and the number of COVID-19 cases decline.
The diminishing value of the yellow metal is good news for customers looking to buy up gold ahead of the summer wedding season and
Akshaya Tritiya.
Jewellers are optimistic that the fall in the price of gold and the upcoming festival season will drum up demand for the physical product.Gold prices are finally falling after a year of being on the rise. And, people in the world’s biggest market for gold, India, are taking advantage of the opportunity.
Gold demand drops up to 15% in metros in a fortnight on price volatility
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Synopsis Gold prices in India have declined by nearly 18% from all-time highs trading near Rs 46,000 per 10 gram in MCX witnessing additional pressure from rupee appreciation.
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Gold demand in the metros has declined by 10-15 per cent in the last fortnight compared to the previous fortnight due to volatility in the prices of the yellow metal. Prices of gold have fallen by 4.67 per cent in the last fortnight from Rs 49,000 per 10 gm to Rs 46,700 per 10 gm raising hopes among the consumers that there will be a further drop in prices in the coming weeks when they will make fresh purchases.
15 march 2021
09 february 2021
The All India Gem & Jewellery Domestic Council (GJC), the national apex body of the gems and jewellery industry has appointed Ashish Pethe as Chairman and Saiyam Mehra as its Vice Chairman for two years, according to a press release from the organisation. Ashish Pethe, Chairman GJC said: “I am grateful to the Board and it is an honour to accept the responsibility of steering the national domestic council. We shall work closely with the Government and take up various issues facing the industry. We shall strive to unite the entire industry and work towards achieving GJC s set goal of One Industry One Voice. We also want to tackle current ongoing challenges related to Hallmarking, PMLA, and other issues such as the Banking sector s hesitancy to provide loans to the G&J sector.”