GOLD JEWELLERY
Voluntary-based silver hallmarking under revised rules begins; here’s how you can check silver purity
Starting September 1, 2025, India implements HUID-based hallmarking for silver jewellery and articles on a voluntary basis, according to the revised IS 2112:2025 standards. Consumers can verify article details like purity and jeweller information via the BIS Care App.
Government introduces voluntary silver jewellery hallmarking with digital traceability
The government is set to launch voluntary hallmarking for silver items from September 1. This move includes a digital ID system for purity checks. The Bureau of Indian Standards updated its rules to match gold hallmarking. Consumers can check details using the BIS Care app. The new standard features seven purity grades.
GST rate for jewellery unchanged at 3% , but industry sees indirect gains
Mumbai jewellers are happy with the GST reductions in other sectors. They believe this will help their business indirectly. The GST Council kept gems and jewellery rates at 3 percent. Experts think lower rates will increase consumer spending. More people may invest in jewellery. However, some feel the unchanged GST on gold may hinder growth.
Do you need to pay tax on inherited gold jewellery? CAs explain when you may
In India, inheriting gold jewellery is tax-free, but selling it incurs capital gains tax on the earnings. The tax is determined based on the indexed cost of acquisition, which includes the initial purchase price or fair market value as of April 1, 2001.
Shringar House of Mangalsutra IPO to open on September 10. Check price band and other details
Shringar House of Mangalsutra is set to launch its IPO on September 10, aiming to raise funds through a fresh issue of equity shares. Specializing in mangalsutras, the company holds a notable market share and intends to utilize the IPO proceeds for working capital and general corporate purposes.
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GST, tariffs, and market moves: Manishi Raychaudhuri decodes what investors should watch out for
India’s GST meeting may cut tax slabs on discretionary items, potentially boosting consumption if benefits reach consumers. Global trade tensions, especially U.S. tariffs, pressure exporters, while rising bond yields reflect inflation concerns. Precious metals remain safe-haven favorites amid geopolitical risks, keeping investors cautious yet opportunistic.
GST uncertainty weighs on auto stocks; 10 counters to benefit from rate changes: Sunny Agrawal
Auto stocks slipped as investors await clarity on GST hike for luxury cars and EVs. Analysts say the impact hinges on whether the higher tax applies to vehicles above Rs 20 lakh or Rs 40 lakh, with M&M largely shielded if the latter prevails.
Warburg eyes 10% stake in Kalyan Jewellers’ Candere brand for Rs 850 crore
The New York-based private equity firm is in talks to buy 10% in Kalyan's lifestyle brand for Rs 850 crore. It will buy part of the stake from Kalyan Jewellers, while the rest will be newly issued shares in Candere.
Warburg rejoins Kalyan gold rush; Fintechs hit insurance wall
Happy Wednesday! Warburg Pincus is in talks to invest in Kalyan Jewellers’ Candere. This and more in today's ETtech Morning Dispatch.
US tariffs could reshape trade flows across all commodities; silver may outpace gold in coming months: Peter McGuire
Silver prices are soaring, reaching a 14-year peak. Strong industrial demand is fueling this surge. Expectations of a US Federal Reserve rate cut are also contributing. Experts predict silver could climb further. Gold remains robust, but silver is expected to outperform it. Trade flows may shift due to potential US tariffs.
Gold rate today: Latest 22k jewellery prices at Tanishq, Malabar Gold and Diamonds, Joyalukkas & Kalyan Jewellers
Gold rates today: As of September 2, 2025, 22-carat (22k) gold prices at leading jewellers such as Tanishq, and Malabar Gold and Diamonds, , excluding GST and making charges. Rates of 18K, 22K and 24K gold vary across cities like Bengaluru, Delhi, Kolkata, and Hyderabad due to differences in state taxes and other factors. For the latest city-wise rates, customers can check the official websites of the respective jewellers.
Silver price jumps Rs 6,000 in a day to Rs 1.23 lakh; gold above Rs 1 lakh
Silver prices surged over Rs 6,000 in a single day to Rs 1,23,500 per kg, driven by Trump’s tariff policy uncertainty, global economic concerns, and a weak rupee. Gold prices also climbed sharply, dampening festive demand.
Jewellery exporters press for relief as US tariffs bite
The GJEPC is appealing to the Centre for immediate relief as the US tariffs of 50% on Indian goods are impacting the gems and jewellery industry. Exporters had anticipated tariff action, but the unexpected duty has left the industry reeling, especially in Surat.
Sari salesman’s cover blown: Police nab burglar who posed as fabric vendor in Delhi
Delhi Police busted a burglary racket in Shahdara where Mohammad Salman posed as a sari seller to divert suspicion while Suhail broke into houses. The duo's scheme unraveled after a daylight robbery on August 19. Salman was arrested, and the scooter used in the crime was recovered, while Suhail remains at large.
India's commerce minister Piyush Goyal addresses US tariff impact on economy and exports
Commerce Minister Piyush Goyal addressed concerns over the US tariffs, emphasizing India's small global export share and import dependence. He highlighted ongoing efforts to diversify exports, boost domestic demand through GST reforms, and explore alternative markets.
Gold loans surge 122% to ₹2.94 lakh crore, while growth in personal loans moderates
Gold loans in Kolkata witnessed a massive surge, growing 122% year-on-year. This occurred even as personal loan growth slowed. The Reserve Bank of India data showed gold loans outstanding at Rs 2.94 lakh crore. Credit card outstanding growth also decelerated. Housing and vehicle loan growth moderated as well.
Gateway to the planet’s richest vault: Scientists trace trillions hidden beneath our feet
Gold is surfacing in unexpected places. German scientists have traced microscopic leaks of gold from Earth’s core through volcanic lava. In China, geologists believe they have uncovered the largest high-grade gold deposit ever recorded. Meanwhile, NASA is preparing a mission to an asteroid thought to contain metals worth more than the global economy.
GST rate reduction has higher multiple effect on economy, than income tax cut: Ambit Capital
A GST rate cut has a higher multiplier effect than direct tax reductions, potentially boosting India's GDP growth by 20-50bps if benefits reach consumers, according to an Ambit Capital report. While income tax cuts can increase disposable income, GST's broad application makes it more impactful.
Indian gems, jewellery exports face major blow from US tariff; industry seeks govt intervention
The US imposition of a 50% tariff on Indian gems and jewellery imports is a major setback, potentially slashing exports by 75% and threatening 1.7 lakh jobs. Industry experts urge government intervention through duty drawbacks and working capital relief to mitigate the impact on global competitiveness and domestic markets.
'Give swords or pistols to daughter, not gold in kanyadaan': UP Mahapanchayat’s call after Noida dowry killing sparks debate
Following a dowry-related murder in Greater Noida, a Baghpat mahapanchayat controversially urged parents to gift daughters weapons like pistols and swords during kanyadaan, instead of traditional dowry. Community leaders, inspired by figures like Rani Lakshmibai, believe weapons offer self-defense against rising crime.
ED arrests Karnataka Congress MLA in 'illegal' betting case
Karnataka Congress MLA K C Veerendra, also known as 'Puppy,' was arrested by the Enforcement Directorate in Sikkim under anti-money laundering laws related to an alleged illegal online and offline betting operation. Raids across multiple states led to the seizure of ₹12 crore in cash, gold jewellery worth ₹6 crore, and other assets.
Gold rate today: Latest 22k jewellery prices at Tanishq, Malabar Gold and Diamonds, Joyalukkas & Kalyan Jewellers
Gold rates are currently trending downwards, sparking interest among buyers ahead of the festive season. While short-term fluctuations are expected, gold remains a reliable long-term hedge against inflation, especially in India, where it holds cultural and religious significance.
Signs of demand revival for Indian gold jewellery market, says WGC
India's gold jewellery market anticipates a demand surge with the approaching festive and wedding season. Industry insiders report positive expectations. The India International Jewellery Show saw strong buying interest. Retailers are restocking inventories, encouraged by stable gold prices. Manufacturers focus on lighter jewellery. Investment demand for gold remains robust. Gold ETF inflows are positive.
South Indian Bank launches product offering loans of up to 90% of gold value
South Indian Bank has introduced SIB Gold Xpress, a new gold loan product designed for quick and easy credit access. Borrowers can unlock up to 90% of their gold's value, with loans ranging from Rs 25,000 to Rs 25 lakh and flexible tenures up to three years.
Wife to get back her seized 998 purity gold jewellery, rules Delhi High Court
The Delhi High Court has ruled in favor of an Indian woman, Mrs. Shamina, whose gold bangles were seized at Delhi airport. Customs officials confiscated the jewellery, citing her failure to declare them. The high court, stated that gold's purity is irrelevant in determining if it qualifies as personal effects. Read more to learn how this wife won the case.
Comex gold prices projected to touch USD 3,600 by year-end: Report
Gold prices on the Comex exchange are projected to climb to USD 3,600 per troy ounce by the end of 2025, according to a report by Ventura. The forecast follows a fresh record high of USD 3,534.10 on August 7, surpassing the earlier peak of USD 3,509.90 in April this year.
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