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Gold hallmarking is basically a purity certification of the precious metal and mandatory hallmarking basically means that jewellers will now be able to sell only hallmark certified in three caratages 14-, 18- and 22-carat gold jewellery. Customers need to check whether that is hallmarked gold or not.
Jewellery Makers Gain On Mandatory Hallmarking Of Gold Jewellery Analysts say that listed jewellery retailers and makers will benefit from government s move for mandatorily hallmarking gold jewellery.
Updated: May 26, 2021 2:14 pm IST
Shares of jewellery makers rose after the government reiterated its move for mandatory hallmarking of gold jewellery but extended its deadline to June 15 given the lockdowns in th various parts of the country to deal with Covid-19 pandemic.
Kalyan Jewellers rose 5 per cent, Titan Company advanced rose as much as 3 per cent, Thangamayil Jewellery rose 2 per cent, PC Jeweller advanced 3.13 per cent, Rajesh Exports climbed 1.7 per cent and Tribhovandas Bhimji Zaveri advanced 1.5 per cent.
Edible oil prices surge to highest level in over a decade. Here’s why
Edible oil prices have significantly increased in the country since last year, according to official retail price data. The Centre recently held a meeting with industry stakeholders to soften the prices as a large portion of the population depends on the commodity. Find out why edible oil prices are rising rapidly.
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UPDATED: May 26, 2021 13:08 IST
High edible oil prices have made life harder for millions of poorer households in the country during the second Covid wave. (Photo: Reuters/Representational image)
Edible oil prices in India have surged to the highest level in over a decade this month, resulting in distress among millions of Indian households. There rise in retail price of edible oils mustard, vanaspati, soya, palm, sunflower and groundnut is a blow to millions of poorer households in the country that have been financially hit during the second Covid-19 wave.