Topic: Gold
India’s gems & jewellery exports doubled since 2020, but it’s just Covid recovery, say experts
Gold jewellery continues to see decline in exports due to 'sluggish' markets such as the Gulf. But experts say overall gems & jewellery exports could touch $41 billion in 2021-22.
Affordable prices, mesmerising designs — Jewelegance’s win-win festive offer for customers
Jewelegance's website features a diverse selection of collections for various occasions, from festive and wedding jewellery to a daily-wear range.
India’s gold demand faces twin challenges of slowing savings rate, lower agricultural wages
The World Gold Council says the real gold savers will probably stay out of the market and only the wealthier lot will spend more this year.
Jewellers sell gold for as little as Rs 100 online as digital purchases rise in India
Jewellers in India had so far shied away from selling products online. But the pandemic forced them to reassess traditional ways of doing business.
Markets, inflation are feeding Indians’ gold frenzy. Govt should wean them away
Marriage and festive demand, and high inflation are pushing gold imports. Decline in interest rates on savings instruments, and equity market issues could boost this further.
Last resort: Indians in distress are selling gold & third wave could only make it worse
The likelihood of financial distress caused by the 2nd wave is much higher & it could lead to more outright sales of gold, unlike in 2020, when people chose to take out loans against gold.
Covid economic distress is real, just look at the full-page ads for gold jewellery auctions
Newspapers are filled with ads of gold jewellery auction amid indications of economic distress faced by Indian households. But resurgence in gold prices could stem the auctions.
What ban? Even gold-obsessed Indians are pouring billions into crypto currency
The growth in India is coming from the 18-35 year old cohort. Latest World Gold Council data indicates Indian adults under age 34 have less appetite for gold than older consumers.
Gold hallmarking now mandatory, Modi govt implements rules in phased manner with exemptions
Gold hallmarking is a purity certification of the precious metal and is currently voluntary. It will be implemented mandatorily now, in three phases.
Indian family budgets are stretched, they’re borrowing more. Faster vaccination can fix this
RBI data shows a sharp increase in households borrowing against gold. Other indicators also show higher borrowing. More credit is fine, but vaccination needs priority.
Rollback of Char Dham Act has a message for all governments — free India’s temples
The Char Dham Devasthanam Board Management Act has been repealed in Uttarakhand. It will have ramifications across India.
Bezos, Branson & Musk — Are billionaires popularising space travel or just on an ego trip?
Jeff Bezos will travel to the edge of space in his New Shepard aircraft — more than a week after billionaire Richard Branson defeated him in a fast developing space race.