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India raises gold and silver tariffs to 15% to curb imports, support rupee
India has raised import duties on gold and silver to 15% from 6% to curb imports and reduce pressure on foreign exchange reserves. The new structure includes a 10% basic customs duty and a 5% Agriculture Infrastructure and Development Cess.
Jewellery Retailers Recommend Exchange, Recycling Of Gold In Lieu Of Reducing Purchases
PNG Jewellers' Chairman and Managing Director said that currently most purchases involve recycling.
Amid PM Modi's 'no gold buy' appeal, a scheme that planned mobilisation of idle gold at homes gets spotlight
The gems and jewellery sector is urging the government to strengthen the Gold Monetisation Scheme. Industry bodies believe domestic gold mobilisation and recycling offer a better solution to foreign exchange issues. They suggest this approach over deferring gold purchases, which could impact millions of livelihoods.
Lockdown in India? Oil Minister Hardeep Singh Puri reacts amid PM Modi's 'save petrol, diesel' appeal
Amidst West Asia conflict and Prime Minister Modi's appeal for fuel conservation, Oil Minister Hardeep Singh Puri stated there are no plans for a lockdown. LPG production has been significantly increased, and the government is urging citizens to adopt measures like work from home and reduce consumption of gold and foreign travel to save foreign exchange and foster self-reliance.
PM Modi doesn't want you to buy gold for next 1 year. A bigger crash on the cards?
Prime Minister Modi urged Indians to avoid buying gold for a year, a move seen as an attempt to protect foreign exchange reserves amidst global uncertainty and rising crude oil prices. While jewellery stocks saw a knee-jerk reaction, experts believe the appeal may cause temporary caution rather than alter India's deep-rooted affinity for gold.
Jewellery bodies to meet PMO officials today following PM Modi’s call to curb gold buying
PM Modi urges citizens to pause non essential gold buys, jewellery stocks slide as industry and PMO weigh impact on imports and foreign exchange reserves.
Jewellery stocks tank up to 9% on PM Modi's remark
Gold jewellery stocks plummeted after Prime Minister Modi urged citizens to avoid gold purchases for a year to conserve foreign exchange. While this impacted investor sentiment and the near-term outlook, analysts believe underlying consumption trends, especially for weddings and organized players, remain strong for the long term.
Depositories can use part of IPF corpus income for trust costs
Sebi has proposed allowing depositories to use up to 5% of their investor protection fund (IPF) income for administrative and statutory expenses. This move aims to align IPF trust operations with existing stock exchange frameworks. The IPF corpus for NSDL and CDSL stood at ₹87.78 crore and ₹95.18 crore respectively as of March 31, 2026.
As Modi urges restraint on gold buying, jewellers’ body pitches mobilisation & recycling framework
The All India Jewellers & Goldsmith Federation proposes mobilising India's idle gold stocks. This approach aims to save foreign exchange without impacting the livelihoods of 35 million people. The federation suggests establishing a bullion bank and revamping the gold monetisation scheme. This strategy could reduce annual gold import dependence significantly. The industry body urges immediate government consultation.
PM Modi's appeal to postpone gold buying could hurt jewellery industry, says GJC
The gems and jewellery sector anticipates challenges following Prime Minister Narendra Modi's call to delay gold purchases. Industry leaders suggest unlocking existing household gold through a Gold Monetisation Scheme. This approach could reduce imports and strengthen the economy. The appeal aims to conserve foreign exchange amid West Asia's crisis. The government is urged to reconsider the decision.
Should you buy gold ETF as PM Modi urges domestic investors to avoid buying physical gold?
MCX gold futures for June 2026 delivery fell ₹532, or 0.3%, to ₹1,52,000 per 10 grams on Monday. Here's what experts say on Gold ETFs outlook.
Explained: What PM Modi’s comments on deferring gold purchases for 1 year mean for yellow metal investors?
Prime Minister Narendra Modi urged Indians to avoid buying gold for the next year, a notable appeal in a country where the metal is deeply tied to savings and tradition. The move is seen as an attempt to ease pressure on India’s foreign exchange reserves, as rising gold imports increase demand for U.S. dollars amid growing global uncertainty.