JEWELLERY DOMESTIC COUNCIL
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.
Akshaya Tritiya remains proven entry point for gold investors: Motilal Oswal
Gold continues its role as a trusted asset for Indian households, blending tradition with financial security. Investors are showing increased interest in flexible gold options alongside traditional purchases. Global factors like geopolitical tensions and economic growth concerns support gold's appeal. The outlook for gold remains constructive for medium to long-term investors, with a 'buy on dips' strategy recommended.
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.
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
Indian household gold higher than gold reserves of world's top 10 central banks: Assocham
India’s households now hold more gold than the top 10 central banks combined, with estimates ranging from $2.4 trillion to $10 trillion. Assocham says this vast, largely idle wealth could be a major economic catalyst if channelled into formal systems through monetisation, gold-backed lending and financialisation
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Gold: The correction was the repositioning, not the end of the trend
Gold remains a vital liquidity source even with price drops. Central banks and individuals are selling gold to ease financial strains. In India, investors are shifting towards Gold ETFs for easier and more efficient investment. This trend offers attractive entry points for building gold exposure. Gold ETFs provide transparent pricing and security, making gold a liquid asset.
Duty relief to SEZs allows limited domestic sales without diluting export focus: Experts
This move aims to support units facing weak global demand. Experts believe this offers a cushion for capacity utilisation and revenue. Sectors like electronics and textiles are expected to benefit.
Why fixing India’s export machinery is key to hitting the $2 trillion goal
India aims for $2 trillion in exports by 2030. Current growth is slow, and global market share is small. The country faces challenges in export geography and product diversity. A new strategy is proposed. It includes a unified trade facilitation agency, increased investment in trade fairs, and large sector-specific exhibitions.
India’s West Asia trade artery under strain with up to $4 billion in monthly exports at risk
The Gulf war is beginning to disrupt key maritime routes used for India’s exports, putting up to $4 billion of monthly shipments at risk if the situation continues for a month, according to the Federation of Indian Export Organisations (FIEO). Exporters are trying to reroute cargo and explore alternative markets as shipping and air logistics face delays and rising costs.
Long war vs short war: 10 things investors should keep an eye on if the war continues for longer than Trump expects
India imports a bulk of its crude oil. Nearly half of it passes through a 33-km-wide waterway called the Strait of Hormuz. More than eight million Indians live and work in the Gulf, sending home over $50 billion a year. A war in the Gulf is not a distant geopolitical event for India – it is a direct hit on the economy through at least 10 distinct transmission channels. Here’s how each one works, what the numbers look like, and which sectors and stocks sit in the line of fire.
Oil, rice, textiles & more: The cost Indians may have to pay for Iran-Israel war
Iran-Israel War: India feels the pinch as the Israel-Iran conflict pushes up prices for pulses and onions. Exports of rice, textiles, and electronics are hampered by delays and higher freight costs. Strained shipping lanes and volatile markets are forcing a rethink of logistics. Essential imports and strategic sectors hang in the balance, with broader economic fallout likely if tensions rise.
Gold ETF inflows hit record ₹240 billion as investors shift from equities
Gold demand shows resilience despite high prices. Indian gold ETFs witnessed record inflows in January, surpassing equity funds. Investment in bars, coins, and digital gold is surging. Consumers are opting for staggered purchases of jewellery. This trend highlights a growing investor interest in gold as an asset class.
India-UK, Oman FTAs likely from April; New Zealand deal expected in September, says Goyal
As India sets the stage for its economic expansion, the country is poised to launch free trade agreements with both the UK and Oman in April. By September, the deal with New Zealand is on the horizon. Enthusiastic negotiations with the European Union, Israel, and the Gulf Cooperation Council are currently making headway, alongside a revival of talks with Canada.
Gem, jewellery exports dip by 5.79 pc at USD 2,238.54 million in Jan: GJEPC
India's gem and jewellery exports saw a dip in January. This was due to global trade challenges and tariffs in key markets. However, the sector is showing resilience. Exports to the United Arab Emirates, Hong Kong, Australia, and France have grown significantly. This diversification is helping the industry adapt. Domestic reforms are also supporting growth.
Indian Embassy in Kuwait launches unique “Viksit Bharat 2047: India-Kuwait Dialogues”
The scope of the India-Kuwait Dialogues will be varied – its future editions are expected to feature speakers from different fields, including policymakers, investors, innovators, artists, thought leaders, chefs, fashion and jewellery designers, authors, sports and film personalities.
Zero-duty entry to US for diamonds, coloured gems a 'turning point': says industry
India-US trade deal: India and the US on Saturday announced they have reached a framework for an interim trade agreement under which both sides will reduce import duties on a number of goods to boost two-way trade.
Tariff truce brings sparkle back: India-US trade deal to lift gem & jewellery exports
A new India-US trade agreement brings much-needed relief to the gem and jewellery sector. This deal aims to revive exports that suffered due to high American tariffs. The agreement caps reciprocal tariffs, replacing punitive levies that had significantly impacted Indian goods. The US is India's largest market for these exports.
Budget 2026 addresses key bottlenecks for gems and jewellery: Industry
The gems and jewellery sector has welcomed the Union Budget. Industry leaders state the budget is positive and growth-focused. Key bottlenecks are addressed, providing fresh momentum. Reforms in customs and SEZ sales are expected to boost manufacturing and exports. Stability in customs duty and GST is appreciated. This budget supports sustainable growth and India's position as a global jewellery hub.
Budget 2026: Custom reforms will reduce dwell time, compliance friction, say experts
The finance minister announced measures to simplify tariffs and boost domestic manufacturing.
Gold, Silver scale new peaks as dollar slips
Gold and silver have hit record highs, fueled by strong demand and a dropped value of the US dollar. Escalating geopolitical tensions are also playing a significant role in this upward trend. Wealthy investors are turning to gold as a safe haven, while traders explore financing options for gold acquisitions.
Gem & Jewellery Domestic Council urges GST reduction on bullion to 1.25%
The All India Gem & Jewellery Domestic Council (GJC) has requested the government to reduce GST on bullion and precious ornaments from 3% to 1.25%. This adjustment aims to ease the tax burden on consumers, stimulate sales, and support the Indian jewellery industry in alignment with the 'Make in India' initiative.
India sees brisk gold sales on pre-Diwali Dhanteras festival
Gold and silver buying in India has started to recover after the softening of gold prices, which dropped by Rs 800-1,500 per 10 gram from the peak of Rs 63,000 on October 28. This has prompted buying on Dhanteras, the most auspicious day in the Hindu calendar for buying items from precious metals to utensils.
GJC says govt needs to address issues for smooth implementation of mandatory gold hallmarking
"We have always been supportive of mandatory hallmarking and it will help in making the industry organised, compliant and will improve the image in the eyes of the customer. It is also essential that before implementing mandatory hallmarking the valid concerns of the industry should be addressed," GJC chairman Anantha Padmanaban said in a statement.
Dhanteras shopping kicks off; high prices of gold, silver may dent sales
Although the buying sentiment has improved after the COVID-19 curbs were relaxed, consumers are still wary of investing in precious metal at current high rates, they said.
India gold smuggling slowed by election seizures of cash, bullion
Dealers were charging a premium of up to $2.50 an ounce over official domestic prices, the highest in nearly five months.
Panel to discuss formation of local council for gem & jewellery
India imported a net 236.9 tonnes of bullion in Q3 of 2018
Demonetisation, GST hit growth in gold jewel industry: Council
Lifestyle of the younger generation, who opted more for travelling and automobiles, has applied a brake on the jewellery business, chairman of Gem and Jewellery Domestic Council (GJC) Ananth Padmanabhan told.
GJC not part of working group for gems council
GJC’s website says that it represents “interests of over three lakh gem and jewellery business” from across the country.
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