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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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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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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' 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 Over Excise Duty Enters Day 28
A large number of gold traders and jewellers continued their strike for the 28th day on Tuesday in protest against a proposed one per cent excise duty on non-silver jewellery.
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Jewellers' Strike Over Excise Duty Enters 18th Day
A strike by jewellers and bullion traders continued for the 18th straight day on Saturday demanding a roll-back of the proposed excise duty on non-silver jewellery.
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Jewellers' Strike Enters 15th Day, to Hold Rally
Jewellers will on Thursday hold a rally at Ram Lila Maidan in the national capital to protest against the Budget proposal to impose 1 per cent excise duty on non-silver jewellery.
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Jewellers' Strike Enters 9th Day, Loss Pegged at Rs 60,000 Crore
India's jewellery sector is estimated to have incurred a revenue loss of over Rs 60,000 crore due to an ongoing indefinite strike that entered the ninth day on Wednesday, according to an industry body.
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Jewellers Extend Strike, Shops Shut for 4th Day
Continuing their strike for a fourth consecutive day, jewellers said they would go on with it till March 7 against the budgetary proposal to reimpose a 1 per cent excise duty on jewellery despite the government's assurance that it would look into the issue.
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Gold traders in India re-enter market with stray deals
Traders said that a 4 per cent fall in prices could activate the gold market.
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Jewellers to decide this evening whether to end 21-day strike
“The Finance Minister has assured whatever best is possible will be done,” a member of the delegate that met Mr Mukherjee said after the meeting. Sources said the minister has promised good news but has highlighted the need to follow protocol which means that any changes to his proposals will have to be cleared by parliament.
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Jewellers meet Sonia, Pranab on day 21 of strike: 10 facts
Today is the 21st day of the strike and jewellers say it has resulted in a revenue loss of Rs 20,000 crore already. The stir yesterday spread to south India with traders in Tamil Nadu and Puducherry shutting shop. The jewellers have called for big rallies in Mumbai on April 7 and in Delhi on April 11.
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Jewellers meet Sonia before Pranab: 10 facts on the strike
Today is the 21st day of the strike and jewellers say it has resulted in a revenue loss of Rs 20,000 crore already. The stir yesterday spread to south India with traders in Tamil Nadu and Puducherry shutting shop. The jewellers have called for big rallies in Mumbai on April 7 and in Delhi on April 11.
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Jewellers to meet Sonia Gandhi before Pranab; strike enters 21st day
The stir yesterday spread to south India with traders in Tamil Nadu and Puducherry shutting shop. The jewellers have called for big rallies in Mumbai on April 7 and in Delhi on April 11. Today, there were reports of some jewellers protesting on railway tracks in Akola, Maharashtra
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Gold imports likely to fall in Q1 due to jewellers strike
The import of gold in the first quarter of the year is likely to fall, with jewellers continuing their strike.
-
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.
-
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.
-
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' 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 Over Excise Duty Enters Day 28
A large number of gold traders and jewellers continued their strike for the 28th day on Tuesday in protest against a proposed one per cent excise duty on non-silver jewellery.
-
Jewellers' Strike Over Excise Duty Enters 18th Day
A strike by jewellers and bullion traders continued for the 18th straight day on Saturday demanding a roll-back of the proposed excise duty on non-silver jewellery.
-
Jewellers' Strike Enters 15th Day, to Hold Rally
Jewellers will on Thursday hold a rally at Ram Lila Maidan in the national capital to protest against the Budget proposal to impose 1 per cent excise duty on non-silver jewellery.
-
Jewellers' Strike Enters 9th Day, Loss Pegged at Rs 60,000 Crore
India's jewellery sector is estimated to have incurred a revenue loss of over Rs 60,000 crore due to an ongoing indefinite strike that entered the ninth day on Wednesday, according to an industry body.
-
Jewellers Extend Strike, Shops Shut for 4th Day
Continuing their strike for a fourth consecutive day, jewellers said they would go on with it till March 7 against the budgetary proposal to reimpose a 1 per cent excise duty on jewellery despite the government's assurance that it would look into the issue.
-
Gold traders in India re-enter market with stray deals
Traders said that a 4 per cent fall in prices could activate the gold market.
-
Jewellers to decide this evening whether to end 21-day strike
“The Finance Minister has assured whatever best is possible will be done,” a member of the delegate that met Mr Mukherjee said after the meeting. Sources said the minister has promised good news but has highlighted the need to follow protocol which means that any changes to his proposals will have to be cleared by parliament.
-
Jewellers meet Sonia, Pranab on day 21 of strike: 10 facts
Today is the 21st day of the strike and jewellers say it has resulted in a revenue loss of Rs 20,000 crore already. The stir yesterday spread to south India with traders in Tamil Nadu and Puducherry shutting shop. The jewellers have called for big rallies in Mumbai on April 7 and in Delhi on April 11.
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Jewellers meet Sonia before Pranab: 10 facts on the strike
Today is the 21st day of the strike and jewellers say it has resulted in a revenue loss of Rs 20,000 crore already. The stir yesterday spread to south India with traders in Tamil Nadu and Puducherry shutting shop. The jewellers have called for big rallies in Mumbai on April 7 and in Delhi on April 11.
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Jewellers to meet Sonia Gandhi before Pranab; strike enters 21st day
The stir yesterday spread to south India with traders in Tamil Nadu and Puducherry shutting shop. The jewellers have called for big rallies in Mumbai on April 7 and in Delhi on April 11. Today, there were reports of some jewellers protesting on railway tracks in Akola, Maharashtra
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Gold imports likely to fall in Q1 due to jewellers strike
The import of gold in the first quarter of the year is likely to fall, with jewellers continuing their strike.
