MoU represents a significant step forward in aligning industry standards with global best practices. The Institute of Chartered Accountants of India (ICAI) has inked an MoU with and Indian Association of Gold Excellence and Standards (IAGES) to implement a robust accreditation framework for value chain partners in the gold industry, which currently comprises an estimated…
Gold steadied last week whereas silver depreciated. Gold ($3,363/ounce) was up 0.8 per cent but silver ($37/ounce) lost 3 per cent. Similarly, in the domestic market, gold futures (Oct) (₹99,754/10 gm) gained 1 per cent whereas silver futures (Sep) (₹1,10,258/kg) was down 2.5 per cent. MCX-Gold (₹99,754) The October gold futures was largely flat until…
However, when compared to June quarter of last year, the domestic demand for gold jewellery has plunged 16 per cent to a five-year low of 89 tonnes (against 106 tonnes) | Photo Credit: – India’s gold jewellery demand has overtaken that of China in the first half of this year largely due to the sharp…
C3 Bullion, a pioneer in next-generation gold investment solutions, has launched its India operations, bringing its flagship fund to the country. C3 offers a gold-backed investment fund that provides capital to smaller gold mines and repays investors with physical gold and income. A press release from the US-based asset managing company specialising in innovative gold…
Anith Daniel – Group Head of Transactional Banking Services, Jaime Jos – Senior Relationship Manager, Corporate and Institutional Banking Group, Commodities- Precious metals and Diamonds, Ahmed Al Qassim – Group Head, Wholesale Banking Group, Joy Alukkas – Chairman of Joyalukkas Group, John Paul Alukkas – Managing Director of Joyalukkas International Operations and Thomas Scaria –…
Gold prices down by around ₹10 | Photo Credit: ANGELIKA WARMUTH Gold prices in India saw decrease today across all cities. The price for 8 grams of 24-carat gold also dropped in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities. Gold rates in India: Gold prices in…
Thangamayil Jewellery Ltd reported a 19% year-on-year decline in net profit to ₹46 crore in Q1 FY26, despite a 27% increase in revenue to ₹1,555 crore. Madurai-based Thangamayil Jewellery Ltd reported a 19 per cent drop in net profit to ₹46 crore for the first quarter ended June 30, 2025, as against ₹57 crore in…
(representative image) Kirit Bhansali, Chairman, Gem and Jewellery Export Promotion Council (GJEPC), said the IIJS event this year is set to be the biggest ever with 2,100 companies and 3,600 stalls. | Photo Credit: RAJU V The gem and jewellery exporters eye generating a business of $8 billion at the world’s second largest B2B gem…
Consumers are spending more on gold jewellery, as many regard it as a value-preserving investment — one that has yielded attractive returns over recent years | Photo Credit: REUTERS/FLORENCE LO China’s gold demand has dropped by 49 per cent since it hit a peak in 2013 due to surging prices of the precious metal and…
All Kerala Gold & Silver Merchants Association (AKGSMA) has sought the intervention of the Finance Ministry for banking acceptance of 18K, 14K and 9K hallmarked gold ornaments as collateral for loans. In a representation to the Union Finance Minister, Nirmala Sitharaman, the Association president K Surendran said the current practice of denying collateral value to…
