Dhanteras gold sales: High prices take sheen off yellow metal in morning trade; more footfalls expected later during day
Dhanteras is considered to be an auspicious day for buying gold, silver and other valuables and is largely celebrated in northern and western parts of India.
Gold prices are ruling at Rs 30,710 per 10 gram on Tuesday in the national capital as against Rs 30,590 per 10 grams on Dhanteras in 2016.
GST rate for gold, other items fixed: Will it raise demands for more special rates? Experts weigh in
Industry said that traders need to gear up for the transition as more delay was unlikely.
The dometic gems and jewellery industry has urged the government to increase the mandatory PAN card limit to Rs 5 lakh and above and reduce the import duty on gold to atleast 5 percent in the Budget
A result of demonetisation could be a boom in jwellery parks. Jwellers hope this will create more jobs
A jewellers body today demanded that the GST rate on the jewellery sector should be 1.25 per cent if the government wants the industry to be "compliant and organised".
The GJF sought reduction of customs import duty by at least four per cent from the present 10 per cent to maintain a 10 per cent difference between import duties on finished gold and silver jewellery
A number of India's top jewellery and bullion traders have voluntarily decided not to sell gold coins or bars for six months, in an effort to help the government keep the current account deficit under check.