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India pips China as world's biggest gold consumer in 2014

Feb 13, 2015

India pips China as world's biggest gold consumer in 2014

India is likely to remain the world's biggest gold consumer this year after regaining the top spot from China in 2014, driven by robust jewellery demand, the World Gold Council (WGC) said on Thursday. #India #China #Gold #Jewellery #World Gold Council
Budget 2015: Govt may consider reducing gold import duty by 2-4%

Feb 05, 2015

Budget 2015: Govt may consider reducing gold import duty by 2-4%

The government may consider 2-4 percent reduction in gold import duty in the forthcoming Budget, a move that could help boost exports and manufacturing of gems and jewellery #Gold #Export #import #GEMS #Gold import duty #Budget2015 #jewellery sector #All India Gems and Jewellery Federation #Common Man Budget 2015 #Finance Budget 2015
Foreign gold buyers to come under I-T scanner

Jan 19, 2014

Foreign gold buyers to come under I-T scanner

The DRI officials, who plead helplessness in checking this new modus operandi, are working in close coordination with their customs counterparts to maintain a database of such people. #Gold #Kerala #NewsTracker #Customs #Directorate of Revenue Intelligence #gold jewellery #DRI officials
Gold jewellery exports dip 30 percent in December

Jan 17, 2014

Gold jewellery exports dip 30 percent in December

Gold jewellery exports from April to December fell 51.5 percent to $4.92 billion, the Gems and Jewellery Export Promotion Council (GJEPC) said in a statement. #Gold #yellow metal #CAD #gold jewellery #Gold Exports
Government asks jewellers for gold purchase information to check smuggling

Jan 16, 2014

Government asks jewellers for gold purchase information to check smuggling

India has been trying to curtail shipments of gold, the second-biggest import bill after crude oil, as it seeks to curb a gaping trade deficit. The country last year raised import duty to 10 percent and tied gold imports to jewellery exports. #Inflation #Gold #NewsTracker #Income Tax Department #World Gold Council #Calicut Bullion Dealers Association #All India Gems & Jewellery Trade Federation