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gold sales News
India rethinks jewellery sales oversight after slump in gold demand
Sat, Oct 07, 2017
Indian authorities withdrew on Friday an amendment that made jewellers subject to anti-money laundering legislation and caused a drop in gold sales.
GST could dampen India gold demand in short-term: WGC
Thu, Jul 06, 2017
There have been fears the tax increase could stoke under-the-counter buying and drive up appetite for precious metal smuggled into India, where millions of people store chunks of their wealth in bullion and jewellery.
Demonetisation drive to favour country's big gold jewellery store chains: World Gold Council
Tue, Jan 24, 2017
India`s drive to bring transparency to bullion trading, along with the rise of branded gold jewellery, could help major retailers raise their share of the world`s second-biggest gold market to 40% by 2020, the World Gold Council (WGC) said.
US presidential election, interest rate uncertainty spurs gold sales
Tue, Nov 08, 2016
Uncertainty ahead of Tuesday's US presidential election and a possible US interest rate hike in December have boosted demand for gold and silver in the United States (US), dealers said.
Diwali glam fails to inspire spending potential in India
Mon, Nov 07, 2016
The festive season, this year, has failed to bring out the garish nature of Indians, as apparel stores and quick service restaurants (QSR) witnessed a tepid response from consumers.
Jewellery sales to witness 25% growth in Dhanteras
Wed, Oct 26, 2016
"Market sentiment is looking up and the prices have more or less stabilised. Moreover, good monsoon and pent up demand will boost sales. We expect around 20-25% overall growth in sales this year," All India Gems and Jewellery Trade Federation (GJF) Chairman Sreedhar G V told PTI here.
Jewellers expect tepid sales with high gold prices on Akshaya Tritiya
Mon, May 09, 2016
In cities such as New Delhi, Bengaluru, Chennai and Kolkata jewellers are expecting far less sales in terms of volumes with high gold prices