Browsing: Silver

A major gold smuggling case at Delhi Airport has highlighted growing concerns over increasing illegal gold trafficking after India raised import duties on precious metals. Customs officials seized 115 gold bars worth over ₹5.7 crore from a US passenger arriving from San Francisco, pointing to a broader rise in organised smuggling activity.

India has tightened import regulations for select silver categories under the revised DGFT policy framework. The move places specific silver products under the “Restricted” category, requiring authorisation for imports meant for domestic consumption, while export-oriented imports remain exempt.

CA Surendra Mehta, National Secretary of IBJA, discusses the challenges around gold imports, Gold Monetisation Scheme (GMS), lending and borrowing regulations, and key government measures aimed at controlling CAD and reducing pressure on the rupee.

GJC organised a virtual Industry Meet on 13th May 2026 with participation from over 250 jewellers and stakeholders across India to discuss the impact of the recent import duty hike on Gold, Silver & Platinum and the future outlook of the Gems & Jewellery industry.

P N Gadgil Jewellers Limited announced its audited FY26 financial results, reporting record consolidated revenue of ₹1,07,391 million, up 39.6% YoY, while Profit After Tax surged 87.8%. The company witnessed strong growth across retail, franchise, e-commerce, gold, silver, and diamond jewellery categories, alongside continued store expansion across India.

The Government of India has revised the customs duty framework for specified gold, silver, & platinum imports along with jewellery findings, recycled precious metals, and related tariff categories through fresh Finance Ministry notifications effective 13 May 2026, creating major implications for the gems and jewellery industry.

PNGS Gargi Fashion Jewellery Ltd. announced exceptional FY26 financial results with ₹149.4 crore revenue, 21% PAT margins, strong retail expansion across India, and continued momentum driven by its asset-light growth strategy.

India’s leading digital gold and silver players have come together to establish the Digital Precious Metals Assurance Council of India (DPMACI), a self-regulatory organization focused on transparency, governance, operational integrity, and consumer protection in the digital precious metals ecosystem.

Oroarezzo 2026 officially opens in Arezzo, Italy, bringing together global jewelry manufacturers, international buyers, industry leaders, and key institutions to discuss market transformations, networking, export growth, and the future of Made in Italy jewelry manufacturing.

OROAREZZO 2026, the 45th edition of the prestigious Italian Exhibition Group jewellery exhibition, opens tomorrow in Arezzo, Italy, featuring over 350 exhibitors, global buyers from 59 countries, new conferences, networking opportunities, and the debut of the Precious Fashion area.