Shift from traditional jewellery to digital gold is driven by rise of tech-savvy investors, affordability, security and convenience. Fractional ownership helps smaller investors with a transparent way to buy, sell and store gold. The digital transformation has integrated advanced technologies in inventory management, customer engagement and jewellery operations. Hallmark security certifications with superior quality products…
The story so far: On August 6, U.S. President Donald Trump announced a whopping 25% penalty tariff on Indian goods for India’s import of Russian oil. This was on top of the 25% reciprocal tariffs announced on July 31 after Indian and U.S. negotiators failed to reach a Free Trade Agreement (FTA). Also Read |…
Image used for representative purpose only. | Photo Credit: Reuters The government is expected to soon announce support measures under the proposed ₹2,250 crore export promotion mission to help insulate industry from global trade uncertainties arising from Trump tariffs, an official said. “We are in dialogue with exporters to see how we can support them…
NBCC logo. Photo: https://nbccindia.in/index State-owned NBCC (India) Ltd. has reported a 26% increase in its consolidated net profit to ₹135.03 crore for the first quarter of the current fiscal on higher income. Its net profit stood at ₹107.19 crore in the year-ago period. The total income grew to ₹2,465.48 crore during the April-June…
India, historically known as Sone Ki Chidiya (the Golden Bird), continues to have a deep cultural and economic connection with gold. The bullion and jewellery sector remains one of the economy’s strongest pillars, contributing ~7.5 per cent to GDP and supporting over 5 million livelihoods (Ministry of Commerce & Industry; IBEF). As the nation enters…
The United States imposed 25% reciprocal tariffs on India’s exports with effect from August 7. On August 6, the U.S. imposed a penal levy of an additional 25% on India’s exports because India continued to import oil from Russia and this comes into effect on August 29, 2025. The two taken together can weaken India’s…
India and Japan lifted investments into gold ETFs (exchange-traded funds) in July, along with North America and Europe. Overall, global ETFs witnessed inflows to the tune of $3.2 billion in July, data from the World Gold Council (WGC) showed. July witnessed inflows into gold ETFs in Asia at $93 million, despite an outflow in China….
Gold bars, weighing about 400 troy ounces and looking like bricks, are regularly sent from London to Switzerland. There, it is converted into a kg gold bar (of smartphone sizes) to be sent to the US markets. This is because the one-kg gold bars are the bread and butter of the Commodity Exchange (Comex) in…
Image used for representative purpose only. | Photo Credit: Reuters Rupee depreciated 13 paise to close at 87.71 (provisional) against U.S. dollar on Friday (August 8, 2025), weighed down by weak domestic equities as India-U.S. trade deal uncertainty continues to dent domestic market sentiments. Forex traders said rupee is trading in a narrow range amid…
Union Finance Minister Nirmala Sitharaman speaks in Lok Sabha during the Monsoon Session of the Parliament, in New Delhi | Photo Credit: ANI/Sansad TV Finance Minister Nirmala Sitharaman on Friday (August 8, 2025) withdrew the Income Tax Bill, 2025, in the Lok Sabha, and the government will come out with an updated version of the…
