The Centre on Monday further extended the deadline for mandatory hallmarking of gold jewellery and artefacts by a fortnight till June 15 in view of the COVID-19 pandemic
Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present
Jewellery stocks: With gold prices bottoming out and demand facing headwinds, analysts expect volatility in the jewellery space to continue. That said, they stay optimistic on Titan & Kalyan Jewellers
Demand is expected to jump closer to the 690 tons bought in 2019 as the country's economy shows signs of recovery, P R Somasundaram, managing director at the council for India, said
The number of new store additions is expected to reduce to almost a third of the average between fiscals 2017 and 2020, it said
The company expects the coronavirus pandemic to provide it a competitive edge over its competitors in the unorganised sector in the long run
With prices becoming prohibitive, buyers are now choosing dainty designs over dense, light jewellery over heavy sets, as gold retains its glitter in the run up to the wedding season
The online system will ensure that applications to set up a new centre or renew the existing licence can be submitted online
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Experts say those who missed the rally or want to add more gold to their portfolios should buy on dips
Ideally you should sell it to the jeweller you bought the gold from, or a reputable retailer to get a better rate
In New Delhi, the price of 22-carat gold rises to Rs 49,000 per 10 gram
The reason for the demand destruction is a surge in prices and the subsequent lockdown, due to which footfalls at retail stores dropped significantly
Gold price today for 24-carat gold in New Delhi is at Rs 46,650 per 10 gram. Gold rate in Chennai is Rs 48,830 and Mumbai Rs 46,000
The gold price today for 24-carat gold in New Delhi fell to Rs 46,650 from Rs 47,150 per 10 gram. Gold rate in Chennai is Rs 48,780 and Mumbai Rs 46,900
The gold price today for 24-carat gold in New Delhi is Rs 47,700 per 10 gram
The gold price today for 24-carat gold in New Delhi is Rs 47,300 per 10 gram. Gold rate in Chennai is Rs 48,790
The gold price today for 24-carat gold in New Delhi is Rs 47,810 per 10 gram
The gold jewellery prices vary across India - the second largest consumer of the metal - due to excise duty, state taxes and making charges
Global holdings of physically-backed gold ETFs and similar products jumped by 298 tonnes during the March quarter - the highest quarterly inflows for four years