The month of March could be worst in many years, with imports estimated only around 18 tonnes amid the coronavirus pandemic and the nationwide lockdown, said an industry player. The import in March......
The worsening demand for jewellery has already started impacting jobs and karigars or goldsmiths. Photograph: Beawiharta/Reuters Jewellers experienced a plunge in gold demand during the quarter......
Smuggled gold, which is selling sharply lower than the spot market price, is also responsible for discounts not ending. Some consumers are selling high amounts of gold. The price of gold is going......
Official sources say that the finance ministry is aware of the possible spike in smuggling activity and has already asked intelligence agencies to tighten their vigilance and come down on the......
If hallmarking data are anything to go by, the proportion of spurious jewellery in the country might have shrunk significantly in the past five years. Often, Indian gold jewellery has been frowned......