Mumbai Jewellers Association

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  Gold Price Today: Gold Futures Trim Gains After Touching Rs 43,750 Amid Coronavirus Fears

  According to Mumbai-based industry body IBJA or India Bullion and Jewellers Association, the indicative selling price of gold jewellery stood at Rs 43,520 per 10 grams (excluding GST) in the first half of the day.

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  Jewellery Bodies Hail Decision To Demonetise Rs 1,000, 500 Notes

  The jewellery industry welcomed government's decision to scrap the Rs 500 and Rs 1,000 notes citing it as a bold move to curb tax evasion and improve compliance.

• Gold jewellery sales seen plunging 60 per cent this Diwali: experts

  Despite demand, gold jewellery sales are likely to decline by up to 60 per cent this festive season due to a stock crunch following restrictions on imports, say industry experts.

• India poised for gold scrap supply surge as import curbs bite

  Scrap gold supply in India could race to at least 300 tonnes - topping flows seen in recent years - two major industry bodies said on Tuesday, as government moves to curb bullion imports lead to a jump in premiums on fast-shrinking supplies.

• Gold futures fall on global leads, firm rupee

  Gold futures fell on Tuesday in line with overseas markets and on a firm rupee, with traders getting some respite after Finance Minister P Chidambaram suggested a hike in import duty on the yellow metal was unlikely.

• Gold demand moderate as prices soften

  Gold demand in India, the world's biggest consumer of the metal, was moderate on Friday as the correction in prices lured some jewellers, but some investors were on the sidelines hoping for a sharp drop in future.

• Gold may become costlier by Rs 700 per 10 gm after duty hike

  Gold prices are likely to rise by up to Rs 700 per 10 gram in the short term with tapered demand following the government decision to hike import duty on the precious metal, according to jewellers and analysts.

• Gold imports seen falling sharply in September quarter: Reuters poll

  India's gold imports fell by more than a half in the June quarter and could slide by a third in the next three months, a Reuters poll showed. Traders are increasingly using scrap as prices have been inflated by a weak rupee, along with a four per cent import duty. An official of the Mumbai Jewellers Association said traders are fed up of fluctuatin...

• Jewellers' murder raises tempers in Mumbai

  Mumbai crime branch officials revealed yesterday that the four men who brutally killed 48-year-old Paras Parmar and his employee Hemant Bishnoi, 35, on Wednesday and looted 8 kg of gold and Rs 15 lakh in cash, were involved in a similar crime that took place in Vile Parle last year.

• Jewellers call off strike, to wait until May 11

  Jewellers said they would wait until May 11 for increased levies to be rolled back, failing which they would resume their strike,

• Jewellers' strike continues in Maharashtra, Gujarat

  Jeweller traders in Maharashtra and Gujarat continuing to protest against some budget proposals

• Jewellers' strike dents festival sales in India

  Jewellery sellers in India lost out on the opportunity to make large sales on Gudi Padwa festival, considered to be an auspicious day to buy gold, due to a strike called to protest duty raises in last week's budget.