SILVER MERCHANTS ASSOCIATION
Anant Ambani-Radhika Merchant wedding: Couple's grand sangeet to feature dance performance of their love story
Anant Ambani and Radhika Merchant are set to marry on July 12, 2024, in Mumbai. Their wedding celebrations include a grand Sangeet ceremony where friends will perform dances depicting the couple's love story. The Sangeet will feature a mix of Western and Bollywood music, with special performances from Bollywood stars. Their intricate wedding invitation card has been shared on social media, showcasing a silver mandir and deity idols.
Gold’s Own Country: A lucrative trade fueled by rival gangs and high demand
In the world of gold smuggling in Kerala, intricate schemes unfold, often involving carriers from the UAE, rival gangs, and strategic maneuvers to avoid detection. This illicit trade, deeply rooted in gang rivalry and hawala transactions, thrives alongside Kerala's enduring love for gold. Despite Customs crackdowns and high import duties, smuggling persists, driven by the state's insatiable appetite for the yellow metal. The lure of profit continues to outweigh the risks, ensuring that the clandestine trade in Kerala's gold remains a lucrative enterprise.
BSE signs MoU with local jewellers association to boost the growth of proposed EGR
BSE is confident that through this MoU, bullion merchants, wholesalers, retailers and exporters from all over Madurai and the wider south zone will promote and encourage the establishment of newer financial bullion and related markets.
Indians are fence sitters in massive global silver rally
Demand determines the price of any commodity. But that does not seem to be the case with silver, which has gained nearly 54% to about Rs 73,300 per kilogram over a one-year period.
Record-keeping of cash deals in gems & jewellery trade now a must under PMLA
Govt notifies dealers in precious metals and stones as designated businesses under PMLA to tackle money laundering through multiple cash deals up to or above Rs 10 lakh.
Gold village of Kerala: How Koduvally's local jewellers came together to take on organised retail's might
Koduvally has the unique distinction of having a kilometre-long street of gold retail trade. KGM was their first venture into modern retail — a store complete with new designs, large stocks of gold jewellery and even diamonds. They were forced into this move after competition from the large, branded jewellers began gnawing at their revenues.
Commodity Outlook: How to trade in crude oil, gold, silver and base metals today
Prices of finger turmeric were down by Rs 450 a quintal .
Commodity outlook: How to deal with gold, silver, crude oil, aluminium in today’s trade
The short covering in jeera is expected to face resistance near Rs 18,300-18,400 levels.
Commodity Outlook: Gold likely to stay flat as dollar rallies
Bullion counter may witness some profit booking at higher levels.
Flipkart tags itself sellers' favourite; sellers disagree
The ecommerce player did not share the exact number of sellers in each categories, but some sellers said gold comprises about 30% of total vendors.
Bullion strike spills onto day 9 as jewellers press demand
The bullion traders' strike over the imposition of 1 per cent excise duty on non-silver jewellery entered its ninth day today.
Bullion traders refuse to budge, shut shop for eighth day
Gold and jewellery establishments in many parts of the country remained closed for the 8th day as traders continue their protest.
Silver demand falls 75% in current fiscal; Traders blame poor monsoon and robust equity market
India imported about 4,000 tonnes of silver last year, spelling average monthly imports of about 330 kg per month.
Restrictions on gold import: Smugglers resort to ingenious methods to sneak in the yellow metal
As long as the restrictions on import of gold remain, there will be no stopping this clandestine flow of the metal, according to authorities.
Diwali loses its shine; gold & silver sales down by 20% & 40% respectively on Dhanteras
Gold jewellery sales are down almost 20% while silver demand has declined almost 40% though the price of the metal softened on Friday by 3% to Rs 49,500 per kg.
Diamonds becoming a mass market luxury, emerge as investment alternative to gold
With gap between gold and diamond jewellery prices declineing considerably, buyers now see diamonds as an alternative to gold.
Exports to lose edge as Rupee gains against Dollar
A stronger rupee will hit Indian exporters hard but will put importers in an advantageous position. Exporters, who are already doing business on a thin margin, will be hit further.
Rich farmers now buy silver bars, not jewellery
Flush with funds, farmers go for metal in coins or blocks, betting on its investment appeal.
High gold prices fail to deter buyers ahead of festive season
Rising gold prices have no impact over the buyers ahead of the upcoming festive season of Dussera, Diwali and X'mas across the country.
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