Gems and Jewellery exports declined by 9 per cent in April to $2.45 billion (Rs 20,952 crore) due to the ripple effect of ongoing geopolitical tensions in West Asia, which has led to the trade taking a cautious approach in the near term. Imports declined by 10 per cent to $2.03 billion last month. Export…
Gold and silver prices witnessed a sharp decline in the national capital on Friday amid a stronger US dollar and heavy profit-booking by investors. | Photo Credit: iStockphoto Silver prices plunged by Rs 21,600 to Rs 2.75 lakh per kg while gold dropped by Rs 3,200 to Rs 1.62 lakh per 10 grams in the…
Madurai-based Thangamayil Jewellery Ltd doubled its net profit to ₹142 crore for the fourth quarter ended March 2026, as against ₹39 crore in the corresponding quarter last year. Revenue more than doubled to ₹2,839 crore (₹1,380 crore). Gold jewellery sales went up by 105 per cent to ₹2,503 crore in Q4FY26. Non gold (Silver, Diamonds,…
Other precious metals, including silver, platinum and palladium, also declined sharply. Gold dropped 2% on Friday as surging Treasury yields and a stronger U.S. dollar dulled its appeal, with higher oil prices and persistent tensions in the Middle East reinforcing expectations of higher interest rates. Spot gold was down 2.2% at $4,546.45 per ounce by…
Gold prices down in India | Photo Credit: K K Mustafah 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…
Gold prices fell sharply on Thursday and extended losses into Friday, pressured by a stronger US dollar, rising Treasury yields, and diminishing expectations of Federal Reserve rate cuts following hotter-than-expected inflation data. Spot gold settled near $4,650 per ounce on Thursday, down about 0.8 per cent on the day, and weakened further toward $4,610 on…
Gold discounts in India jumped to a record this week as a sharp import duty hike slowed demand and triggered investor selling, while investment demand kept Chinese premiums firm. Dealers in India quoted discounts of up to $207 an ounce over official domestic prices this week, inclusive of 15 per cent import and 3 per…
Stack of gold bars. | Photo Credit: DigitalVision A day after the Finance Ministry increased import duty on gold to 15 per cent from 6 per cent to discourage inflows, the Directorate General of Foreign Trade (DGFT) has tightened the regulatory framework for duty-free gold imports used by the gems and jewellery sector as inputs…
Gold prices down across India on May 14 | Photo Credit: RUPAK DE CHOWDHURI 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 was largely steady on Thursday, as investors focused on a meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping, while digesting a rise in U.S. inflation driven by the increased energy costs linked to the Iran war. Spot gold inched up 0.1% at $4,689.79 per ounce, as of 0931 GMT. U.S….
