GJC
In the Union Budget for 2019-20, customs duty on imported gold was raised from 10 per cent to 12.5 per cent. (Photo: Pixabay)
Jewellery industry hit by recession, job losses likely: GJC
10 Sep 2019 9:17 AM

Hike in customs duty and the present GST rate is affecting customer sentiment, as prices of jewellery have increased.

The industry has urged the government to give exemptions to households for minimum 500 grams of gold deposited under Gold Monetisation Scheme (GMS), GJC Chairman Anantha Padmanaban said. (Photo: Representational | PTI)
Jewellery industry to meet bankers over liquidity crunch
01 Jul 2019 8:24 PM

Stock level has gone down affecting sales, expansion plans and job creation, said GJC's Shankar Sen.

Of late, customers are not used to such a jump in prices, said Anantha Padmanabhan, chairman of the All India Gem and Jewellery Domestic Council. (Photo: File | PTI)
India's gold demand could fall to three-year low as prices hit record high
26 Jun 2019 12:42 PM

Local gold prices hit a record 35,960 rupees per 10 grams on Tuesday, having jumped more than 10 per cent over the past month.

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