Jeweller Strike
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Gold Demand Likely To Fall In 2016 On High Price: WGC
India's gold demand is likely to fall to around 750-800 tonnes in 2016, as against 860 tonnes last year, mainly due to A sharp rise in prices and a strike by jewellers' following new regulations, the World Gold Council has said.
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India Gold Demand Projection For 2016 Revised Downward By 12%
India's gold demand has been revised downwards by 12 per cent to 750-850 tonnes for this year after it fell by 18 per cent to 131 tonnes in the second quarter in view of a sharp jump in prices and a strike by jewelers following new regulations, the World Gold Council said on Thursday.
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Rally Keeps Gold Buyers At Bay; Indian Discounts Widen
Gold demand in Asia was muted this week as physical buyers stayed off the market due to the bullion's recent rally, with a key festival in India failing to lift demand in the world's second biggest consumer.
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India's April Gold Imports Down 67.3%: Report
Gold imports fell sharply by 67.33 per cent to 19.6 tonnes in April 2016 as jewellers' strike opposing one per cent excise duty on non-silver jewellery significantly hit demand for the metal, according to gold and silver refiner MMTC Pamp.
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India's Current Account May Swing To Surplus In March Quarter: Nomura
India's current account deficit is likely to swing to a surplus in the January-March period of this year amid lower oil and gold imports, says a report by Japanese financial services major Nomura.
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Government Refuses Recall Of 1% Excise Duty On Jewellery
Government in Rajya Sabha on Thursday refused to budge from its stance on levying one per cent excise duty on non-silver jewellery saying luxury items cannot be kept out of tax ambit for perpetuity, prompting a walk-out by members of the Congress and SP.
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Gold Glitters As Jewellers Call Off Strike
Gold regained its sheen to trade higher by Rs 215 to Rs 29,790 per ten grams as the bullion market in the national capital reopened after two days of strike, while silver rallied by Rs 775 to Rs 40,975 per kg largely in tune with a firming global trend.
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Gold Discounts Narrow As Jewellers Reopen Shops After Strike
Gold demand in India improved this week as jewellery retailers reopened stores after a strike, but the world's second biggest bullion market remained at a discount to the global benchmark as purchases across the region were curbed by higher prices.
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Jewellers Call Off Strike After 43 Days, Shops Reopen
Indian jewellers have been on an indefinite strike since the beginning of March 2016 protesting against the Budget proposal to levy 1 per cent excise duty on non-silver jewellery.
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Jewellers May End Month-Old Strike In 'Next Few Days'
Jewellers may completely call off their strike in the next few days after the government's assurance that the Ashok Lahiri committee will consider all their demand, Assocham National Council on Gems & Jewellery Chairman Sankar Sen said today.
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Most Jewellers Back To Business After Six-week Stir
After keeping shutters down for almost six weeks against the proposed 1 per cent excise duty on non-silver jewellery, a large section of jewellers and bullion traders across the country opened their shops on Tuesday.
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Jewellers In Maharashtra Call Off Strike Temporarily
Jewellers in Maharashtra have called off their strike temporarily, from April 14 to 24.
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Gold Discounts Drop As Many Jewellers Open Shop After 6-Week Strike
More than half of Indian jewellers reopened their shops on Monday after keeping them closed for nearly six weeks in protest over the reintroduction of excise duty on gold jewellery.
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Jewellers' Strike Over Excise Duty Enters 41st Day
Gold traders, jewellers and artisans continued their indefinite strike for yet another day on Monday, in protest against a proposed one per cent excise duty on non-silver jewellery.
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Jewellers' Strike: Arun Jaitley Stays Firm On Excise Duty
Refusing to relent on excise duty levy on non-silver jewellery goods announced in the Union Budget for 2016-17, Finance Minister Arun Jaitley on Sunday said a "luxury item" cannot remain out of the tax ambit when taxes need to be paid on many essentials.
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Gold Demand Likely To Fall In 2016 On High Price: WGC
India's gold demand is likely to fall to around 750-800 tonnes in 2016, as against 860 tonnes last year, mainly due to A sharp rise in prices and a strike by jewellers' following new regulations, the World Gold Council has said.
-
India Gold Demand Projection For 2016 Revised Downward By 12%
India's gold demand has been revised downwards by 12 per cent to 750-850 tonnes for this year after it fell by 18 per cent to 131 tonnes in the second quarter in view of a sharp jump in prices and a strike by jewelers following new regulations, the World Gold Council said on Thursday.
-
Rally Keeps Gold Buyers At Bay; Indian Discounts Widen
Gold demand in Asia was muted this week as physical buyers stayed off the market due to the bullion's recent rally, with a key festival in India failing to lift demand in the world's second biggest consumer.
-
India's April Gold Imports Down 67.3%: Report
Gold imports fell sharply by 67.33 per cent to 19.6 tonnes in April 2016 as jewellers' strike opposing one per cent excise duty on non-silver jewellery significantly hit demand for the metal, according to gold and silver refiner MMTC Pamp.
-
India's Current Account May Swing To Surplus In March Quarter: Nomura
India's current account deficit is likely to swing to a surplus in the January-March period of this year amid lower oil and gold imports, says a report by Japanese financial services major Nomura.
-
Government Refuses Recall Of 1% Excise Duty On Jewellery
Government in Rajya Sabha on Thursday refused to budge from its stance on levying one per cent excise duty on non-silver jewellery saying luxury items cannot be kept out of tax ambit for perpetuity, prompting a walk-out by members of the Congress and SP.
-
Gold Glitters As Jewellers Call Off Strike
Gold regained its sheen to trade higher by Rs 215 to Rs 29,790 per ten grams as the bullion market in the national capital reopened after two days of strike, while silver rallied by Rs 775 to Rs 40,975 per kg largely in tune with a firming global trend.
-
Gold Discounts Narrow As Jewellers Reopen Shops After Strike
Gold demand in India improved this week as jewellery retailers reopened stores after a strike, but the world's second biggest bullion market remained at a discount to the global benchmark as purchases across the region were curbed by higher prices.
-
Jewellers Call Off Strike After 43 Days, Shops Reopen
Indian jewellers have been on an indefinite strike since the beginning of March 2016 protesting against the Budget proposal to levy 1 per cent excise duty on non-silver jewellery.
-
Jewellers May End Month-Old Strike In 'Next Few Days'
Jewellers may completely call off their strike in the next few days after the government's assurance that the Ashok Lahiri committee will consider all their demand, Assocham National Council on Gems & Jewellery Chairman Sankar Sen said today.
-
Most Jewellers Back To Business After Six-week Stir
After keeping shutters down for almost six weeks against the proposed 1 per cent excise duty on non-silver jewellery, a large section of jewellers and bullion traders across the country opened their shops on Tuesday.
-
Jewellers In Maharashtra Call Off Strike Temporarily
Jewellers in Maharashtra have called off their strike temporarily, from April 14 to 24.
-
Gold Discounts Drop As Many Jewellers Open Shop After 6-Week Strike
More than half of Indian jewellers reopened their shops on Monday after keeping them closed for nearly six weeks in protest over the reintroduction of excise duty on gold jewellery.
-
Jewellers' Strike Over Excise Duty Enters 41st Day
Gold traders, jewellers and artisans continued their indefinite strike for yet another day on Monday, in protest against a proposed one per cent excise duty on non-silver jewellery.
-
Jewellers' Strike: Arun Jaitley Stays Firm On Excise Duty
Refusing to relent on excise duty levy on non-silver jewellery goods announced in the Union Budget for 2016-17, Finance Minister Arun Jaitley on Sunday said a "luxury item" cannot remain out of the tax ambit when taxes need to be paid on many essentials.
