Government of India permits duty free replenishment of precious metals for Jewellery exporters

The jewellery exporters have been permitted to claim duty free replenishment of gold, silver and platinum used in the manufacture of items sold abroad, according to the notification issued by the Ministry of Commerce. The notification amending Para 4.34(i) of the Foreign Trade Policy has been welcomed by the Gem & Jewellery Export Promotion Council […]

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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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Is it silver’s time to shine brighter than gold?

By Biman Mukherji Often called the poor man’s gold, it may soon be silver’s time to shine brighter for hordes of investors. While turbulent equity markets, geopolitical tensions and expectations of a U.S. Federal Reserve rate cut has driven up gold to six-year highs internationally and all-time highs in India recently, silver has lagged unusually […]

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Hindustan Zinc becomes ninth-largest silver producer in the world; India, the 12th largest

India’s zinc and lead major Hindustan Zinc (HZL), belonging to Anil Agarwal-led Vedanta group, has become the world’s ninth largest silver producer in calendar year 2018 (CY18). The firm improved its ranking from last year’s 11th spot, according to the data provided by Washington-based Silver Institute, a global body of all silver stakeholders, from mines to consumers. Also, India […]

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