BSE to deliver India standard gold and silver in F&O segment for the first time; India set to become price-setter of gold

The BSE has introduced a first-of-its-kind India standard gold and silver delivery, under the ‘futures and options’ (F&O) bullion contracts, reports Business Standard. This move could potentially elevate India’s status as a ‘price-setter’ for the metals. All exchanges with F&O trading in bullion are current offering LBMA -approved gold and silver for delivery To facilitate […]

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Hallmarking for gold jewellery mandatory from January 15, 2021


In a bid to further protect the jewellery buyers from buying inferior quality ornaments, the Narendra Modi-led NDA government has decided to make BIS hallmarking mandatory for gold jewellery from January 15, 2021. According to Union Minister of Consumer Affairs Ram Vilas Paswan, the move would ensure that the consumers don’t get cheated into buying […]

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Centre revives plan to make hallmarking of gold jewellery mandatory; Gold and silver prices soar

The centre has revived its intention to make hallmarking mandatory for gold jewellery and plans to notify the regulation in WTO in a week time, a top official was quoted in a Press Trust of India report. Bureau of Indian Standards (BIS) Director General Surina Rajan, however, assured the jewellery traders that the process would be […]

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Indian banks revise financing norms for gems and jewellery exporters


Gem and jewellery exporters might see better news when the next financial year’s assessments for financing them are finalised. In the year since the Nirav Modi fraud came to light, all banks having tightened their financing to the sector. Many exporters had their lending limits cut. The Gem & Jewellery Export Promotion Council, been able to convince State Bank […]

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