We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
Top News
Gold Smuggling Arrests Jump 750% YoY in India
Mumbai, 14th April: While cases of gold smuggling in India have jumped 265% from 40 in 2012-13 to 146 in 2013-14, the number of people arrested has shot up by 750%, from 30 in 2012-13 to 255 in 2013-14, data from the Directorate of Revenue Intelligence shows, according to a report published in Mineweb. “Gold imports through the legal channel have
WGC's Commitment to Sustainable Development Goals
Mumbai: To coincide with the 75th session of the UN General Assembly – and the SDG Business Forum – the World Gold Council (WGC) has published a report entitled Gold Mining’s Contribution to the UN Sustainable Development Goals. The report outlines how leading gold mining companies are making a significant contribution towards the UN’s Sustainable Development Goals (SDGs). The report
GJEPC’s 1st Plain Gold Jewellery VBSM Kickstarts
Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) kickstarted its first Plain Gold Jewellery Virtual Buyer Seller Meet (VBSM) on 21st September, which follows closely on the heels of the successfully held inaugural VBSM for Loose Diamonds during early September. The event was inaugurated by Mr. Suresh Kumar, Joint Secretary, Ministry of Commerce & Industry in the presence of
Virtual Store Launch by Malabar Gold Today
Mumbai: Malabar Gold & Diamonds, one of the largest gold and diamond retail chains in the country, will inaugurate its first store in Patna in Bihar through a unique virtual store launch event on September 19, 2020. Brand ambassador Bollywood actor Anil Kapoor and Malabar Group Chairman M P Ahammed will grace the first-of-its-kind virtual store inauguration event which will
Israel & Dubai Diamond Exchanges Sign Accord
Ramat Gan: In the wake of the agreement to normalize relations between Israel and the United Arab Emirates, the Israel and Dubai diamond exchanges have signed a strategic agreement of collaboration to promote cooperation and dialogue between the two bourses. The signing ceremony took place this morning in a video conference between the two bourses. As part of the agreement,
