Browsing: Gold Industry India

A delegation from the All India Gem and Jewellery Domestic Council (GJC) met RBI Deputy Governor Shri Shirish Chandra Murmu to present the proposed Gold Monetisation Scheme (GMS). The proposal received appreciation from the RBI team and was acknowledged as a potentially transformative initiative for the gems and jewellery sector and the nation.

GJEPC has called upon industry stakeholders to submit urgent recommendations on gold monetization, CAD reduction, promotion of low-karat jewellery, old gold recycling, export incentives, and anti-smuggling measures as part of a consolidated industry proposal to the Government of India.

The Kerala Gold and Silver Merchants Association has expressed serious concerns regarding recent statements discouraging gold purchases in India, highlighting the impact on livelihoods, trade, GDP, tax revenue, bullion imports, and the broader jewellery industry ecosystem.

Jagannath Gangaram Pednekar Jewellers secures IAGES accreditation across 24 stores, reinforcing transparency, ethical sourcing, and trust in India’s evolving gold industry.