Browsing: Gold

The GST structure has been overhauled: the 12% and 28% slabs are removed, most items move to 5% or 18%, a special 40% slab is introduced for sin and luxury goods, and individual life and health insurance is exempted. These changes take effect from 22 September 2025.

The Indian government has revised duty drawback rates on gold, silver, and platinum jewellery to support exporters facing steep US tariffs. Learn how this move impacts India’s $29.8 billion gems and jewellery export sector.

July 2025 sees strong growth in exports, while cumulative April–July figures reflect a decline in key segments.

The Indian jewellery industry witnessed a momentous launch at the prestigious IIJS Expo, as Shringar House of Mangalsutra Ltd., the country’s leading mangalsutra manufacturer, unveiled the 24K SHUDDH COLLECTION – one of India’s first-ever 24 Karat HUID Hallmarked Mangalsutra collections. Crafted in 995 finesse with BIS-certified HUID hallmarking, this groundbreaking collection reimagines the mangalsutra not just as a symbol of tradition, but also as a pure 24K investment. It bridges cultural heritage with contemporary consumer value – a concept that has resonated powerfully across the retail landscape

For over six decades, GRT Jewellers has been woven into the fabric of family celebrations and personal milestones. Established in 1964 as a modest venture, it has evolved into one of the most respected names in the Jewellery industry – known for its superior quality, exquisite craftsmanship, and enduring relationships with customers. Today, GRT offers a wide array of Gold, Diamond, Platinum, Silver, and Gemstone Jewellery across 65 locations – 64 in South India and one in Singapore. Even as it expands its presence, the brand remains anchored in its founding values of trust, tradition, and excellence.

India’s total imports under the Gem & Jewellery category (Chapter-71) for May 2025 stood at ₹32,006.09 crore (US$3,748.62 million), showing a marginal year-on-year decline of 0.18% in rupee terms and 2.52% in dollar terms when compared to ₹32,065.28 crore (US$3,845.69 million) in May 2024.

India’s gem and jewellery exports for May 2025 witnessed a noticeable dip, with gross exports falling 15.81% to US$ 2,263.42 million (₹19,260.81 crore), compared to US$ 2,688.38 million (₹22,414.02 crore) in May 2024. Imports also dropped 12.96% to US$ 1,689.61 million (₹14,393.12 crore). However, in a positive turn, the cumulative export value for April-May 2025 increased by 4.96% year-on-year to US$ 5,202.01 million (₹44,407.30 crore). Imports during the same period declined slightly by 2.52% to US$ 3,748.62 million (₹32,006.09 crore).

Gold surged past $3400 (~Rs 1,00,000), reaching a record high as geopolitical tensions escalated following Israel’s strike on Iran and the declaration of a state of emergency. Softer US inflation data also boosted expectations of further Fed rate cuts, supporting safe-haven demand. According to Augmont Gold, the breakout above $3425 signals a possible move toward $3500 (~Rs 1,01,000) in the near term

On a monthly basis, gold remained constant at about $3300, fluctuating by $150 up and down throughout the month. As markets processed the news of US tariffs and conflicting data releases, gold was unable to make a clear move in either direction.

The All India Gem and Jewellery Domestic Council (GJC) is proud to announce the second show of the 7th Edition of the Preferred Manufacturers of India (PMI) Buyer-Seller Networking Meet, scheduled from June 10th to 12th, 2025, at the Grand Hyatt, Goa.