ALL INDIA GEM AND JEWELLERY DOMESTIC COUNCIL
Akshaya Tritiya sees 30% volume drop in gold buying amid price spike
Gold demand during Akshaya Tritiya dropped about 30% in volume as prices, up nearly 60% year-on-year, deterred large purchases. Buyers stayed within budgets, shifting to lighter jewellery, small coins and exchange-led buying, while millennials preferred solitaires in the ₹75,000–2.5 lakh range.
Akshaya Tritiya sees tepid demand on gold price surge
Gold demand during India's Akshaya Tritiya festival remained subdued as record prices curbed jewellery purchases, despite a slight increase in investment demand. Consumers shifted towards gold coins, with overall buying volume lower, though value spending was higher due to elevated prices. This reflects a changing trend of price-sensitive buyers purchasing throughout the year.
Andhra’s new gold mine could change India’s import story
India is set to launch its first large-scale private gold mine, the Jonnagiri project in Andhra Pradesh, aiming to boost domestic production and reduce reliance on imports. Developed by Geomysore, the mine, with significant investment and potential resources, is expected to produce up to 1,000 kg of gold annually, marking a crucial step in India's mining ambitions.
Gold demand weakens in March as price volatility triggers buying wariness
Indian gold demand showed strength in early 2026. Retailers saw significant revenue growth, boosted by weddings and festivals. Gold ETFs experienced substantial inflows, extending a positive trend. Despite some profit-taking, investor interest in gold remained robust. Expansion plans by jewellers indicate confidence in the market.
22k gold rate today ahead of Akshaya Tritiya 2026: Check 24k, 22k, 18k gold prices (April 18, 2026) in New Delhi, Mumbai, Chennai and other cities
Gold rate today: Gold prices saw a rise on Saturday, April 18, 2026, as Akshaya Tritiya approaches on April 19, 2026. Consumers are closely watching these daily fluctuations to make informed purchase decisions for the auspicious occasion. IBJA rates for April 17, 2026, are also provided.
MDBs to deepen collaboration to support nations amid heightened global uncertainty
Global development banks are joining forces to help countries navigate economic challenges. They are combining resources and knowledge to manage immediate pressures and build future resilience. The banks are ready to provide timely support to manage risks and protect vulnerable populations. Collaboration will focus on private sector growth, job creation, and sustainable development.
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Gold demand set to remain resilient ahead of Akshaya Tritiya; Bullion remains preferred safe-haven for wealth creation
Gold demand remains strong ahead of Akshaya Tritiya, with retail investors viewing bullion as a key wealth creation tool. Despite high prices, the festival drives demand, supported by gold's safe-haven appeal amidst global uncertainties. Younger buyers are increasingly opting for lightweight jewellery and digital gold, while investment products like coins and bars are also gaining traction.
15 banks get government nod to import gold & silver for 3 years
India has authorized 17 banks to import gold and silver. This authorization is effective for three years from April 1, 2026. The move resolves a customs clearance delay that had stalled shipments. This decision brings relief to importers and ensures smooth trade of precious metals. The new authorization is valid until March 31, 2029.
India’s current account deficit may rise to 2% of GDP in FY27 if oil stays at $82–87: CRISIL
Rising oil prices could push India's current account deficit to a concerning two percent of GDP, as highlighted by a Crisil report. This prediction hinges on the volatile global market conditions we’re currently facing. While US tariff reductions may bolster exports to some extent, the ongoing unrest in West Asia is another pivotal aspect that could affect the situation.
Kalyan Jewellers, Titan, and other jewellery stocks tumble up to 6% while MMTC rallies 16%. Here's why
Indian banks have reportedly halted gold and silver import orders, causing jewellery stocks like Kalyan Jewellers and Titan to fall. MMTC, however, surged on market rumors of being permitted to import gold. This situation has led to significant amounts of precious metals stuck at customs, awaiting a formal government order, potentially impacting supply ahead of Akshaya Tritiya.
A golden opening awaits Indians this Akshaya Tritiya in the middle of global gloom
Gold demand in India is expected to rise ahead of Akshaya Tritiya as recent price corrections and easing global tensions improve buying sentiment. Retailers report early bookings and interest in lighter jewellery and coins. However, industry views are mixed, with some expecting weak demand due to uncertainty and cash preference, while others see steady festive-driven purchases and long-term growth outlook.
22k gold rate today: Check 24K, 22K gold prices (April 16, 2026) on Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, Joyalukkas and IBJA
Gold rate today: Gold prices saw a slight increase on April 16, 2026, at major Indian jewellers. This comes as Akshaya Tritiya approaches on April 19, 2026. Brands are offering pre-booking deals and rate protection to attract customers.
Akshaya Tritiya 2026: Gold stocks soar up to 25% in a month! Will rally soften after auspicious festival?
Jewellery stocks have emerged as standout performers despite broader market volatility triggered by geopolitical tensions and rising oil prices. Shares of companies like Kalyan Jewellers, Titan, and PC Jeweller have surged up to 25% in a month, far outpacing the Nifty’s gains.
Labour-intensive sectors see steep fall in exports in March
The fiscal year 2026 brought a mixed bag for India's exports. On one hand, engineering goods, electronics, and pharmaceuticals excelled, driving growth. On the flip side, textiles and gems were hampered by market fluctuations. Disruptions in West Asia's trade routes complicated logistics, affecting shipments significantly. Interestingly, electronics imports surged, crossing the $100 billion threshold.
Akshaya Tritiya 2026 gold offers: Tanishq, Joyalukkas, Malabar Gold & Diamonds, Kalyan Jewellers, KISNA announce discounts and rate lock schemes
Akshaya Tritiya 2026: Jewellery brands are launching special offers for Akshaya Tritiya 2026. Customers can avail pre-booking schemes, cashback, and gold rate protection plans. These schemes allow buyers to lock in gold prices or benefit from lower rates.
Come wedding season and jewellery stocks do the Jig
Jewellery company shares have seen significant gains. Strong demand from weddings and festivals is driving sales. Consumers are spending despite high gold prices. Same-store sales are showing sharp improvements. Companies are expanding their store networks. International operations are also performing well. This positive trend is expected to continue.
India's trade gap shrinks in March, swells in FY26
India's trade deficit saw a reduction in March as the West Asia conflict disrupted trade flows. Exports and imports both declined, narrowing the monthly deficit. However, the overall trade deficit for the fiscal year widened. Despite challenges, India achieved record exports of $860 billion in FY26, showcasing resilience. Several free trade agreements are expected to boost future trade prospects.
Geopolitical tensions cripple India-Middle East trade in March
India's trade with the Middle East saw a significant drop in March. Exports and imports fell by over 50 percent. This decline resulted from disruptions caused by the US-Israel attack on Iran. The Strait of Hormuz, a vital shipping route, faced temporary closure. This impacted shipments of gems, jewellery, engineering goods, and rice.
India gem and jewellery exports rise to ₹2.44 lakh crore in FY26 amid global headwinds
In FY26, India's gem and jewellery sector reported an impressive ₹2,44,827.26 crore in exports, demonstrating a modest growth in rupee terms. However, exports in dollar value experienced a downturn amidst global market turbulence. To counter this, exporters expanded their reach, finding new opportunities in the UAE, Australia, and Canada.
For FDI, E-comm exports must be in separate cart
India is considering allowing FDI in inventory-based e-commerce exclusively for exports. This move aims to boost outbound shipments without affecting domestic retailers. Strict safeguards, including physical segregation of warehouses, are being evaluated to ensure export-bound goods are not sold locally.
India's gems, jewellery exports dip 35 per cent in March on US-Iran conflict: GJEPC
India's gems and jewellery exports saw a significant drop in March, largely due to the West Asia conflict impacting logistics and insurance costs. Despite this setback, the industry is exploring opportunities to become a rough diamond trading hub. While demand weakened in some key markets, other regions provided support. The council anticipates a recovery as geopolitical tensions ease.
West Asia war: Amid gloom and doom in Surat and Tiruppur’s textile clusters, one industry offers hope
As the West Asia conflict drags down most sectors in India’s two major textile hubs, one segment in Surat is opening up new opportunities
India-UK free trade pact may come into force from second week of May: Official
The India-UK free trade agreement is set to begin in the second week of May. This pact will allow 99 percent of Indian exports to enter Britain duty-free. Tariffs on British products like cars and whisky will also be reduced in India. A separate agreement will prevent double social levies for temporary workers. This aims to boost trade significantly.
Piyush Goyal holds talks with Saudi Arabia trade minister on stronger supply chains
India's Commerce Minister Piyush Goyal met with Saudi Arabia's Trade Minister Majid bin Abdullah Al Qassabi. They discussed strengthening supply chains affected by the West Asia crisis. Both ministers expressed optimism for early progress on the India-GCC Free Trade Agreement negotiations. The discussions also focused on ensuring smooth trade flows and recovering from disruptions.
West Asia crisis: Piyush Goyal meets Kuwait, UAE to restore trade, energy flows
India's Commerce Minister Piyush Goyal met with leaders from Kuwait and the UAE. Discussions focused on restoring trade and energy supplies disrupted by recent events. India offered assistance to Kuwait for food security. Both sides emphasized dialogue and diplomacy. Efforts are underway to ensure smooth trade flows and continuity of essential supplies.
Crisil warns of potential hit to India remittances amid West Asia conflict
India's remittance flow faces potential impact from the West Asia conflict. A third of diaspora inflows originate from Gulf Cooperation Council countries. A reduction in diaspora incomes could affect India's current account deficit. This comes at a time when the trade deficit is already under pressure. India is the world's largest beneficiary of remittances.
India’s household gold holdings now much larger than combined gold reserves of top 10 central banks: ASSOCHAM
India's household gold holdings are now the world's largest, surpassing central bank reserves. ASSOCHAM says that channeling even a small portion into financial assets could add trillions to India's GDP by 2047. This move would strengthen manufacturing, infrastructure and agriculture, boosting the economy through increased consumption and job creation.
Exporters' body FIEO sees 2-3 pc fall in goods exports during 2025-26
Indian merchandise exports are projected to decline by 2-3% in 2025-26. Global economic uncertainties, amplified by the West Asia crisis, are the primary drivers. This situation has already impacted shipments, increasing freight and raw material costs. While goods exports face a downturn, services exports are anticipated to grow. Exporters hope for stabilization following a ceasefire announcement.
US-Iran ceasefire, Hormuz reopening to ease shipping disruptions: FIEO
Exporters welcome the ceasefire between the US and Iran. The reopening of the Strait of Hormuz eases shipping disruptions and reduces costs. This brings immediate relief to Indian exporters trading with the Gulf region. However, exporters remain cautious due to the temporary nature of the truce. Sustained stability is crucial for restoring confidence and ensuring smooth trade flows.
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