Jewellery Industry

Gold imports increase 54% to $3.97 bn in April; trade deficit widens to five-month high amid concerns of CAD

India is the largest importer of gold, which mainly caters to the demand of the jewellery industry.

Gold imports decline 3% to $32.8 bn in 2018-19 on softening price of yellow metal in world markets

India is one of the largest gold importers in the world, and the imports mainly take care of demand from the jewellery industry.

Gold imports in June quarter dip 25% to $8.43 bn, shows commerce ministry data

Gold imports fell by 25 percent to $8.43 billion in the first quarter of the current fiscal due to sliding prices of the metal in both global and domestic markets

Gold imports shrink 40% to $2.49 bn in March; silver imports grow 31%

India's gold imports fell 40.31 percent to $2.49 billion in March, which is expected to keep a lid on the current account deficit (CAD)

RBI's Letters of Undertaking ban not to impact Bengal jewellery industry

RBI ban on Letter of Undertaking (LoU) as a trade finance instrument, will not have much impact on the gems and jewellery industry in West Bengal, but a hike in bank's credit margin may hurt the business, a GJEPC official said

Dhanteras: Jewellers see no sparkle as gold and jewellery sales remain flat despite KYC relaxation

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.

Surge in gold imports from South Korea sets off alarm bells, govt mulls steps to check inflow

Gold imports from South Korea, with which India has a free trade agreement since January 2010, has jumped to $338.6 million during 1 July and 3 August this year. The import in 2016-17 was $70.46 million.

Indians to cut back on jewellery spending in 2012: Fitch

The Indian households' jewellery purchases depend largely upon discretionary spending power, which is affected by a reduction in the savings rate driven by high consumer price inflation and muted wage growth.