Tag: gold price hike

Gold duty hike to jeopardise jewellery trade; spur grey market, says GJC

Posted on By admin
Gold duty hike to jeopardise jewellery trade; spur grey market, says GJC

Representational image only. File | Photo Credit: Reuters “The gems and jewellery industry is likely to face challenging times ahead following the hike in gold import duty to 15%, from 4% earlier, a move that could spur the grey market,” the All India Gems and Jewellery Council (GJC) said on Wednesday (May 13, 2026). “Business…

Read More “Gold duty hike to jeopardise jewellery trade; spur grey market, says GJC” »

Business

Why is there an upward rally in gold prices? Explained

Posted on By admin
Why is there an upward rally in gold prices? Explained

The story so far: Mired amidst geopolitical tensions and economic uncertainty, spot price of gold scaled a record high of $2,758.37 for an ounce on October 23. At the time of writing, the yellow metal was priced at $2,731.45/ounce having marginally corrected course from the record high. In India, gold was mirroring the upward trajectory…

Read More “Why is there an upward rally in gold prices? Explained” »

Business