Search For "gold imports"
Govt imposes import restrictions on certain gold-containing precious metal
Updated : 9 months, 1 week ago IST
The Ministry of Commerce and Industry has announced new import restrictions on certain precious metal alloys containing gold, as well as colloidal metals and chemical compounds.
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Amid record gold prices, people selling old gold jewellery and booking pro
Updated : 1 year, 1 month ago IST
The record-breaking surge in gold prices has dimmed the appeal of the retail jewellery demand. The drop in gold imports in January also indicates the pullback in demand.
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High Gold imports has driven India's trade deficit to 10-month high in Aug
Updated : 1 year, 6 months ago IST
The surge in trade deficit in the month of August was primarily driven by record gold imports totalling USD 10.1 billion, said a report by Emkay.
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Gold Imports Surge during April-August 2024, while exports of Gems and jew
Updated : 1 year, 6 months ago IST
India's export of gems and jewellery declined to USD 11.10 billion in April-August 2024, compared to USD 12.43 billion during the same period in 2023. This dip comes even as the domestic demand for jewellery remains strong, driven by rising gold imports and changing consumer buying patterns.
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Domestic gold prices surge 10% amid global price rally, central bank buyin
Updated : 1 year, 7 months ago IST
The reduction in import duty has ignited a resurgence in gold demand across India. Reports from the recently concluded India International Jewellery Show indicate a substantial increase in order bookings from retailers, particularly in preparation for the upcoming festive and wedding season.
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Gold shines as demand for safe haven asset strong; Infomerics Ratings anti
Updated : 1 year, 7 months ago IST
The dragged geopolitical crisis in the Middle East has spurred a rush into safe-haven assets such as gold. Historically, gold, as an asset, is considered a haven as it typically manages to retain or appreciate its underlying value in times of turbulence.
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India's jewelry retail sector has surged to USD 80 bn from USD 50 bn in 20
Updated : 1 year, 9 months ago IST
India's jewelry retail sector has surged to USD 80 billion (Rs 6400 billion) in the financial year 24 from USD 50 billion in 2018, according to a report by Motilal Oswal Financial Services.
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India imposes restrictions on certain studded gold jewellery imports
Updated : 1 year, 9 months ago IST
The central government has imposed restrictions on the import of certain gold-studded jewellery and articles.
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Higher gold imports widen trade deficit to five months high at USD 19.1 bi
Updated : 1 year, 10 months ago IST
Despite strong gold demand in March, the market saw an unexpected downturn as jewellers stocked up for the Indian wedding season.
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Silver market witnesses surge in imports, 260 per cent increase in figures
Updated : 1 year, 11 months ago IST
Amit Gupta, a researcher at Kedia Advisory, commented on the phenomenon, stating, "As gold rallied, people are now moving towards silver, resulting in higher imports. Consumption in industrial use has also improved."
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India restricts imports of some gold jewellery, articles
Updated : 2 years, 8 months ago IST
Through a notification on Wednesday, the Directorate General of Foreign Trade (DGFT) amended the import policy for unstudded jewellery made of gold, and other articles made of gold to the "restricted" category from earlier “free”.
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China's gold imports from Russia rise despite sanctions: Russia
Updated : 3 years, 2 months ago IST
In 2022, China bought a total of 6.6 tons of Russian gold worth a record USD 386.9 million, including shipments in both unprocessed (3.7 tons) and semi-processed form (2.9 tons).
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