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…
Rows of rendered gold bars and one silver bar | Photo Credit: wydynd As US President Donald Trump ratcheted up his tariff war on the world, gold kept climbing in lockstep to reach a succession of record highs. The precious metal reached a fresh peak of $3,245.28 an ounce on April 11 and has climbed…
Gold prices decrease | Photo Credit: SHAILESH ANDRADE 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: The gold prices in India today…
Gold, traditionally viewed as a safe-haven investment during times of geopolitical and economic uncertainty, has hit multiple record highs this year and is up over 24 per cent so far in 2025 | Photo Credit: Chris Ratcliffe Gold prices hit an all-time peak on Wednesday as a weaker dollar, escalating trade tensions and concerns over…
File photo: Gold bars | Photo Credit: REUTERS Gold hit another all-time high as warnings from Federal Reserve Chief Jerome Powell about the impact of the trade war fuelled volatility on Wall Street, leading to sharp declines in stocks and the dollar. Bullion rose as much as 0.4 per cent to $3,357.78 an ounce on…
RBI was active throughout the year, purchasing gold in 11 of the 12 months and adding another 2.8 tonnes in the first two months of 2025. | Photo Credit: iStockphoto As gold prices surge to historic highs on the back of heightened geopolitical uncertainty, data shows that India’s central bank, the Reserve Bank of India,…
With rising prices, many are turning to gold ETFs or stocks, says industry expert | Photo Credit: PTI Although jewellery stores are far from deserted despite the recent surge in gold prices, this Akshaya Tritiya is expected to witness a dip in high-value purchases, with customers opting for lower ticket items. Jewellery retailers are treading…
