Unrest in the jewellery industry due to new rules of hallmarking indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
A number of events are coming together which are set to push gold prices higher. Besides a combination of continuing inflationary policies and massive future budget deficits undermining the dollar, by closing down derivative market activities new Basel 3 regulations appear set to deflect some demand into physical metals. Furthermore, liquidity in gold markets will contract, potentially making prices more volatile This article looks at how these developments will affect the undeclared but very real financial and propaganda war being waged by America against China. China is moving on, enlarging its own middle class which will benefit from a stronger … Continue reading →
Union Budget 2021: Cut in taxes will put more money in consumer hands, will boost gold buy A one-time capital gain exemption for gold may be a good incentive for the revival of small businesses. Somasundaram PR January 28, 2021 14:02:16 IST Gold. Reuters
The Indian gold industry has grown tremendously since the withdrawal of the Gold Control Act in the early 1990s. This growth has brought in better accessibility and availability for consumers with a jewellery store in almost every nook and corner of this vast country. It has altered the in-store jewellery buying experience and has touched as many households as well as banks. But at one level, the industry is perceived as having fallen short of expectations in many aspects, more particularly in building trust and transparency comparable with global standards. It has also not been able to market its centuri