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[ad_1] Against a backdrop of inflationary pressures, unpredictable monsoon and dwindling govt expenditure, farmers turn to gold as a safeguard butthe recent surge in prices is adding to their woes Published Date - 11 May 2024, 11:46 PM
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[ad_1] Target: â¹4,030CMP: â¹3,281.65Titanâs jewellery margin missed our estimate. While the FY25 target of 20 per cent jewellery revenue growth and 12-13 per cent EBIT margin was retained, the managementâs tone was slightly cautious. The spike in gold prices temporarily...
[ad_1] Central banks across the world continued their gold buying spree this year, adding 290 tonnes in the March quarter, even as record high prices hit consumer demand.Also read:Gold soars on geopolitical risks, central bank buyingIn fact, central banks accounted...
[ad_1] Notwithstanding volatile prices, gold demand increased by eight per cent in the March quarter to 136 tonnes, against 126 tonnes a year ago, largely led by investments and a sudden fall in prices in February. In value terms it...
[ad_1] India's gold demand rose 8 per cent annually to 136.6 tonne in the March quarter helped by a strong economic environment despite prices touching historic highs, according to the World Gold Council. The aggressive gold buying by the Reserve...
[ad_1] The Ministry of Finance has assigned the Authorised Economic Operator (AEO) status to the gem and jewellery sector.The AEO programme was introduced as a pilot project for export oriented industries to promote ease of doing business.The AEO programme was...
[ad_1] Export of gems and jewellery last fiscal declined 14 per cent to $32.28 billion against $37.74 billion logged in the same period last year due to weak demand. However, gold jewellery exports increased 17 per cent to $11.23 billion...
[ad_1] Retailers in the country have begun witnessing signs of recovery and on an average saw a growth of about 8 per cent at a pan-India level in March over the same month last year, as per the latest survey...
[ad_1] Jewellery retailers fear a lacklustre Akshaya Tritiya this year due to gold prices soaring around 15-20 per cent. Volume de-growth is expected for gold jewellery sales this time as compared with last year. Also read: Gold hits another high...
[ad_1] PN Gadgil Jewellers, a leading player in Maharashtra, has filed Draft Red Herring Prospectus with market regulator SEBI to raise â¹1,100 crore.The public offer consists of fresh equity issuance of up to â¹850 crore and an offer for sale...
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