However, organised players like P C Jewellers, Kalyan, Talwar Sons and Jewellers are expecting 10-35 per cent jump in sales, thanks to the growing trust in quality and designs of products and competitive prices.Oct 17, 2017, 20:03 PM IST
Jewellers felt the PMLA required them to keep records of customers' personal identification number or tax code for transactions above Rs 50,000 (USD 771), limiting gold sales by buyers hesitant to give the information.Oct 13, 2017, 17:07 PM IST
The Uttar Pradesh government on Wednesday suspended three policemen, including a station house officer, for laxity in the twin murder case of bullion traders in Mathura, an official said.May 17, 2017, 13:46 PM IST
Jewellers associations have voiced deep concern after two bullion traders were shot dead in Mathura by six persons who escaped with gold worth Rs 4 crore, and another jeweller was shot at in Agra and valuables worth Rs 8 lakh looted.May 16, 2017, 15:15 PM IST
An uptick in prices kept a lid on demand for gold in most regions across Asia this week, while in India, an upcoming festival saw jewellers stocking up on the metal.
Mar 24, 2017, 16:50 PM IST
The Centre's demonetisation drive is seemed to have a significant impact on the gold demand in the country as imports of the metal dropped sharply in December and January.Mar 12, 2017, 13:26 PM IST
Tracking a firming trend overseas, gold prices quoted higher by Rs 41 to Rs 28,394 per 10 grams in futures trade Monday.Jan 30, 2017, 13:23 PM IST
The pressure built up by the income tax department post-demonetisation prompted those under scrutiny to opt for the Pradhan Mantri Garib Kalyan Yojana (PMGKY).Jan 21, 2017, 21:23 PM IST
The Income Tax department on Friday said it has detected undisclosed income of Rs 47.74 crore after surveys were conducted at half-a-dozen bullion traders and jewellers in the city following surge in their sales post demonetisation.Dec 23, 2016, 21:01 PM IST
Income Tax dept raids jewellers in Delhi's Chandni Chowk and Karol Bagh area.
According to media reports, the tax sleuths raided several Chennai-based jewellers and in the process recovered huge sum of black money in the form of Rs 90 crore and 100 kg of gold.Dec 08, 2016, 17:30 PM IST
Many jewellers estimate an 85-90 percent dip in business post-demonetisation -- but exports have been unaffected.Nov 30, 2016, 13:28 PM IST
Govt keeping eye on jewellers with large selling and buying after demonetization. Watch complete news story for getting detailed updates!Nov 15, 2016, 15:27 PM IST
Believe it or not but there are news reports circulating that an Indian businessman has surrendered a sum of, hold your breath!, Rs 6,000 crore and all in cash.Nov 14, 2016, 21:47 PM IST
Intensifying the crackdown on laundering of illicit wealth, tax authorities are keeping a close vigil on jewellers to check if sales are being broken down into sub-Rs 2 lakh to avoid quoting of PAN.Nov 14, 2016, 18:00 PM IST
Riding on firm global trends and increased buying by jewellers at domestic spot market, gold prices advanced by Rs 30 to trade at Rs 31,000 per ten grams, while silver prices soared Rs 800 to Rs 45,900 per kg at the bullion market on Saturday.Sep 03, 2016, 14:54 PM IST
Indian gold refiners just months ago were ramping up capacity and struggling to secure enough ore from miners. Now, they are suspending operations as a surge in smuggled bullion wipes out wafer thin margins.Aug 23, 2016, 14:14 PM IST
Issue price for the fourth tranche of Sovereign Gold Bond, opening July 18, has been fixed at Rs 3,119 per gram.Jul 16, 2016, 11:25 AM IST
The government's decision to exempt small scale jewellers from excise duty will give a boost to the trade, the gems and jewellery industry said Thursday.
Jul 14, 2016, 20:21 PM IST
In a relief to jewellers, the government increased excise duty exemption limit for small scale industry to Rs 10 crore from Rs 6 crore, waived the levy on sale of traded goods and relaxed various procedural norms.Jul 13, 2016, 22:47 PM IST