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Gold rises on fresh buying; silver fall on reduced offtake

Last Updated: Saturday, April 07, 2012, 15:40

Gold prices on Saturday shot up by Rs 250 to Rs 28,390 per 10 gm as the bullion market reopened after three-week nationwide jewellers' strike, while silver shed Rs 300 at Rs 56,200 per kg on less offtake.

Jewellers back to business after 21-day strike

Last Updated: Saturday, April 07, 2012, 12:42

Bullion traders and jewellers on Saturday returned to business, suspending three-week long strike following the government's assurance that it will consider their demand for rollback of excise duty on non-branded jewellery and hike in import duty on gold.

Jewellers call off 21-day strike after Pranab's assurance

Last Updated: Friday, April 06, 2012, 13:49

Bullion traders and jewellers on Friday called off their 21-day nationwide strike after meeting UPA Chairperson Sonia Gandhi and Finance Minister Pranab Mukherjee who assured them that their demand for rollback of excise duty on unbranded jewellery would be considered.

Jewellers call off 21-day strike after Pranab's assurance

Last Updated: Friday, April 06, 2012, 13:49

Bullion traders and jewellers on Friday called off their 21-day nationwide strike after meeting UPA Chairperson Sonia Gandhi and Finance Minister Pranab Mukherjee who assured them that their demand for rollback of excise duty on unbranded jewellery would be considered.

Centre to rollback gold duty hike?

Last Updated: Friday, April 06, 2012, 09:00

With many Congress leaders sympathizing with agitating jewellers, the government may decide to rollback one percent of excise duty on non-branded jewellery today.

Jewellers' strike enters 20th day; to meet FM

Last Updated: Thursday, April 05, 2012, 17:23

Jewellers, who will meet Finance Minister Pranab Mukherjee on Friday, remained firm over complete rollback of excise duty as their national wide agitation entered the 20th day on Thursday, resulting in a revenue loss of over Rs 20,000 crore.

Jewellers' strike enters 20th day; to meet FM

Last Updated: Thursday, April 05, 2012, 17:23

Jewellers, who will meet Finance Minister Pranab Mukherjee on Friday, remained firm over complete rollback of excise duty as their national wide agitation entered the 20th day on Thursday, resulting in a revenue loss of over Rs 20,000 crore.

FM likely to meet jewellers' associations on Friday

Last Updated: Wednesday, April 04, 2012, 18:33

The jewellers' strike on Wednesday spread to south India, with traders in Tamil Nadu and Puducherry shutting shops even as Finance Minister Pranab Mukherjee is likely to meet the bullion representatives on Friday to sort out the issue relating to increase in taxes.

FM likely to meet jewellers' associations on Friday

Last Updated: Wednesday, April 04, 2012, 18:33

The jewellers' strike on Wednesday spread to south India, with traders in Tamil Nadu and Puducherry shutting shops even as Finance Minister Pranab Mukherjee is likely to meet the bullion representatives on Friday to sort out the issue relating to increase in taxes.

March gold imports slump to 15-20 tons on shutdown by jewellers

Last Updated: Tuesday, April 03, 2012, 13:27

India's March gold imports slumped by more than half on an annual basis after jewellery retailers shut their doors nearly three weeks ago to protest tax increases on jewellers and gold imports in the federal budget last month, a top industry executive said Tuesday.

March gold imports slump to 15-20 tons on shutdown by jewellers

Last Updated: Tuesday, April 03, 2012, 13:27

India's March gold imports slumped by more than half on an annual basis after jewellery retailers shut their doors nearly three weeks ago to protest tax increases on jewellers and gold imports in the federal budget last month, a top industry executive said Tuesday.

Gold strike takes a turn for worse

Last Updated: Monday, April 02, 2012, 22:50

Three-week old agitation by gold and jewellery traders against tax hikes in the Budget on Monday turned violent as they clashed with the Police in Mumbai and disrupted trains in Ghaziabad.