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Gold imports drop over 38% in June to $1.2 billion

Gold imports drop over 38% in June to $1.2 billion

Gold imports plunged by 38.54 percent to USD 1.2 billion in June while inbound shipments of silver fell by more than a quarter in the month.

 Jewellers end 18-day strike, government assures no harassment by excise department

Jewellers end 18-day strike, government assures no harassment by excise department

After continuing for 18 days, jewellers have finally called off their strike after the government assured them they will not be harasssed by the excise department in collecting a new tax

Jewellers to strike in protest over gold tax

Jewellers to strike in protest over gold tax

 Jewellers will go on indefinite strike from Tuesday in protest over the reintroduction after four years of a sales tax on gold jewellery, their trade body said.

Investing in gold exchange? IBJA is offering free membership

A leading bullion association in India is offering free membership to jewellers across cities and small towns ahead of a planned launch of the country`s first physical gold exchange, a move aimed at standardising prices and improving transparency.

Govt tightens checks to curb gold smuggling

"Government agencies are raiding and seizing gold at various places and asking to reconcile the (gold bar) number with the imported gold," said India Bullion and Jewellers Association (IBJA) general secretary Surendra Mehta.