The Tariff Lag Effect: Why MCX Prices are Still Below

The week ending May 22 was the digestion week. After the policy shock of the previous week (the steepest gold import duty hike on record, a record-low rupee, and a tightening of the Advance Authorisation scheme), price action paused. MCX gold gained just 0.1%, silver was essentially flat. COMEX gold and silver both declined modestly, by 0.8% and 1.7% respectively. The week’s headline numbers reveal almost nothing about what is actually happening in the Indian gold market right now. The

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The Tariff Lag Effect: Why MCX Prices are Still Below

The week ending May 22 was the digestion week. After the policy shock of the previous week (the steepest gold import duty hike on record, a record-low rupee, and a tightening of the Advance Authorisation scheme), price action paused. MCX gold gained just 0.1%, silver was essentially flat. COMEX gold and silver both declined modestly, by 0.8% and 1.7% respectively. The week’s headline numbers reveal almost nothing about what is actually happening in the Indian gold market right now. The

Read More »

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India Gold and Jewellery Summit on 22-23 Nov.

New Delhi: The third edition of the India Gold and Jewellery Summit will take place from November 22 to 23 at the Hotel Pullman in Aerocity, New Delhi, and will bring together jewellery businesses and government officials to discuss the industry. The upcoming edition of the summit will focus on six main topics comprising “improving the role of gold in

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GIA India Donates Replicas of Famous Diamonds

Mumbai: GIA India is gifting replicas of famous diamonds to Chhatrapati Shivaji Maharaja Vastu Sangrahalaya (CSMVS), Mumbai, for the museum’s new jewellery gallery. The replicas were presented to Mr. Sabyasachi Mukherjee, Director General of CSMVS, by Ms. Nirupa Bhatt, Managing Director of GIA India and Middle East, on Nov. 7. Also present at the ceremony was the consultant co-curator for the jewellery

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Substantial Opportunities for Gold: WGC Survey

Mumbai: The World Gold Council (WGC) has launched its new consumer research report highlighting opportunities for gold for those working in both retail investment and jewellery markets. The significant piece of research, with an 18,000-strong sample, looks at a range of markets including China, India, North America, Germany and Russia, and highlights unique insights into attitudes towards and perceptions of gold;

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De Beers' 9th Cycle Shows Improved Sentiments

Gaborone: De Beers said it raked in $390 million during the ninth cycle compared with $442 million, a year earlier or $297 million realised during the eighth cycle. “With signs of increasing polished price stability, Cycle 9 saw an improvement in sentiment from rough diamond buyers,” said De Beers chief executive Bruce Cleaver. “Global consumer demand for diamond jewellery at

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India Gold and Jewellery Summit on 22-23 Nov.

New Delhi: The third edition of the India Gold and Jewellery Summit will take place from November 22 to 23 at the Hotel Pullman in Aerocity, New Delhi, and will bring together jewellery businesses and government officials to discuss the industry. The upcoming edition of the summit will focus on six main topics comprising “improving the role of gold in

Read More »

GIA India Donates Replicas of Famous Diamonds

Mumbai: GIA India is gifting replicas of famous diamonds to Chhatrapati Shivaji Maharaja Vastu Sangrahalaya (CSMVS), Mumbai, for the museum’s new jewellery gallery. The replicas were presented to Mr. Sabyasachi Mukherjee, Director General of CSMVS, by Ms. Nirupa Bhatt, Managing Director of GIA India and Middle East, on Nov. 7. Also present at the ceremony was the consultant co-curator for the jewellery

Read More »

Substantial Opportunities for Gold: WGC Survey

Mumbai: The World Gold Council (WGC) has launched its new consumer research report highlighting opportunities for gold for those working in both retail investment and jewellery markets. The significant piece of research, with an 18,000-strong sample, looks at a range of markets including China, India, North America, Germany and Russia, and highlights unique insights into attitudes towards and perceptions of gold;

Read More »

De Beers' 9th Cycle Shows Improved Sentiments

Gaborone: De Beers said it raked in $390 million during the ninth cycle compared with $442 million, a year earlier or $297 million realised during the eighth cycle. “With signs of increasing polished price stability, Cycle 9 saw an improvement in sentiment from rough diamond buyers,” said De Beers chief executive Bruce Cleaver. “Global consumer demand for diamond jewellery at

Read More »

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