Friday, 3 December, 2021
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Gold jewellery exports have declined by over 32 per cent from April-September to $3.9 billion as compared to $5.8 billion for the same period in 2019. | ANI

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.
The Jewelegance logo.

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.
A gold brokers shop at the Zaveri Bazaar in Mumbai

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.
Gold auction notices | Image by Soham Sen | ThePrint

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.
Gold jewellery (Representational image) | Bloomberg

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 jewellery displayed on counter | Bloomberg

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.
Illustration by Ramandeep Kaur | ThePrint

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.
Illustration: Ramandeep Kaur | ThePrint

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.