We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
Top News
GJF Elects Committee of Admin for 2016-18
Mumbai: The All India Gems & Jewellery Trade Federation (GJF) has announced the names of those elected to the new Committee for Administration 2016-18 following the completion of its first ever online election process. The CoA comprises four zonal chairmen representing the North, South, East and West and 14 other Panel Representatives from different sectors of the manufacturing, trading and
India’s Gold Imports Lowest Since 2003
Mumbai: With the government giving a push to digital transactions following demonetisation and discouraging the purchase of assets using cash, some trends expected to change the gold business have been identified, reports Business Standard. The immediate impact of demonetisation has been on gold demand, which went up sharply after the withdrawal of the 500- and 1000-rupee notes on November 8.
Indian Banks Slash Rates as New Year Gift
Mumbai: The country’s largest bank State Bank of India (SBI) announced a steep interest rate cut in several years on Sunday, by reducing its marginal cost of funds based lending rate (MCLR) by 90 basis points (bps) across all maturities. With this cut, SBI has passed on benefit of 200 bps since January 2015 to customers, which is more than
BIS Revises Jewellery Hallmarking Standards
Mumbai: The Bureau of Indian Standards (BIS) has announced that from January 1, 2017, all hallmarked gold jewellery will have gold caratage stated on the piece in addition to the fineness of the metal which is currently marked. As per the revised standards that have been announced by the official agency, Hallmarked Gold jewellery will now be available in three
Elton John Reveals Golden Moments of His Life
Mumbai: The World Gold Council (WGC) has unveiled a new documentary, ‘Touched by Gold’, a powerful exploration of gold’s enduring influence on culture, creativity, and society, told through the voice and life stories of Elton John. Touched by Gold charts his pervasive connection to gold, granting audiences an exclusive look at his personal archive and revealing the intimate ways gold
Mumbai Gold Entities to Elevate Industry Standard in India
Mumbai: The dynamically growing Indian gold industry has a new custodian created by the gold industry, for the gold industry. The Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organization (SRO) is all set to implement the framework for the current gold ecosystem by promoting fair, transparent, and sustainable practices under a strict Code of Conduct outlining the
Gemfields Generates $32 Mln. from Emerald Auction
London: Gemstone miner Gemfields generated $32 million in revenue from an auction of high-quality rough emeralds sourced from its 75%-owned Kagem mine in Zambia. The auction, held from August 25 to September 11, saw all 38 lots successfully sold at an average realised price of $160.78/ct. Among the highlights was an exceptional 11 685 ct gemstone, named Imboo (meaning “buffalo”),
SAJEX: a Catalyst for Enhancing Bilateral Relations
Jeddah: Saudi Arabia presents significant opportunities for the Indian gem and jewellery (G&J) market, and SAJEX serves not merely as an exhibition, but as a vital catalyst for enhancing bilateral relations and creating shared value for both economies. GJEPC aspires for this event to gain widespread recognition and to become a staple on Jeddah’s event calendar, thereby stimulating the local
