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Gold price today at Rs 50,520 per 10 gm, silver trending at Rs 68,600 a kg

Gold price today at Rs 50,520 per 10 gm, silver trending at Rs 68,600 a kg
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United kingdomNew delhiTamil naduJewellery export promotion councilGood returnsஒன்றுபட்டது கிஂக்டம்புதியது டெல்ஹிதமிழ் நாடுஅணிகலன்கள் ஏற்றுமதி ப்ரமோஶந் சபைநல்ல வருமானம்

Duty cut, jewellery demand boosts gold imports: GJEPC

Duty cut, jewellery demand boosts gold imports: GJEPC By IANS | 1 Views Jewellery.. Image Source: IANS News New Delhi, April 20 : Multiple factors, including high demand in gems and jewellery along with duty cut in gold, contributed to the rise in imports of gold to 160 tonnes, a growth of 471 per cent as compared to the same period last year, according to Gem and Jewellery Export Promotion Council (GJEPC). The growth is mainly attributed to factors like demand surge for gem and jewellery products from exports markets like the US, and the UK following lockdown relaxation, the wedding season in India, improved business and consumer sentiments and as well as recent sharp drop in gold prices, it said.

United kingdomNew delhiColin shahJewellery export promotion councilஒன்றுபட்டது கிஂக்டம்புதியது டெல்ஹிகொலின் ஷாஅணிகலன்கள் ஏற்றுமதி ப்ரமோஶந் சபை

SEBI mulls a spot bullion exchange in Mumbai - The Hindu BusinessLine

SEBI mulls a spot bullion exchange in Mumbai April 20, 2021 Move could overlap with GIFT City’s plans Markets regulator SEBI is mulling a bullion spot exchange in Mumbai, a move that could clash with the plans announced by the Gujarat International Finance Tec-City (GIFT). The Securities and Exchange Board of India (SEBI) was designated to regulate the spot bullion market in February by the Finance Minister in the budget speech. SEBI has held two meetings with the National Stock Exchange, the BSE, the Multi Commodity Exchange and the National Commodities and Derivatives Exchange so far to discuss the matter, sources told

Gem jewellery export promotion councilShanghai gold exchangeJewellers associationNational commoditiesGujarat international finance tecExchange board of indiaDerivatives exchangeBombay bullion associationMulti commodity exchangeNational stock exchangeGujarat international finance tec cityExchange boardFinance ministerShanghai gold fixIndian bullionJewellery export promotion council

Surat Manufacturers hit by Certification Delays

Surat Manufacturers hit by Certification Delays April 19, 21 by John Jeffay (IDEX Online) - Manufacturers in Surat are struggling as diamond certificates are delayed by India s pandemic travel restrictions. They re being forced to wait for at least two months, rather than one in normal times, according to the Times of India. Buyers increasingly insist on certificates because they re unable to travel a nd see the goods for themselves. Labs in Mumbai are working in accordance with Covid restrictions, and gems sent to the USA can take three months to be certified. The cycle from buying rough to selling polished has been extended from 120 days to 180, according to Dinesh Navadiya, regional president of Gem and Jewellery Export Promotion Council (GJEPC).

United statesDinesh navadiyaJohn jeffayJewellery export promotion councilSurat manufacturersஒன்றுபட்டது மாநிலங்களில்தினேஷ் நவதியாஅணிகலன்கள் ஏற்றுமதி ப்ரமோஶந் சபை

Gold imports jump 23% to $34 6 billion in 2020-21

Gold imports jump 23% to $34.6 billion in 2020-21 SECTIONS Last Updated: Apr 18, 2021, 01:02 PM IST Share Synopsis Despite growth in gold imports, the country s trade deficit narrowed to $98.56 billion during 2020-21 as against $161.3 billion in 2019-20. Agencies Related NEW DELHI: Gold imports, which have a bearing on the country s current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion (about Rs 2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the Commerce Ministry data. Silver imports during the last fiscal, however, dipped by 71 per cent to about USD 791 million. Imports of the yellow metal stood at USD 28.23 billion (about Rs 2 lakh crore) in 2019-20, the data showed.

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