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India’s gold demand fell 16% year-on-year in the July–September quarter of 2025, as record-high prices curbed jewellery purchases even as investment buying surged, the World Gold Council (WGC) said on Thursday.Total gold demand declined to 209.4 tonnes in the third quarter, compared with 248.3 tonnes in the same period last year. However, the value of…
The theft at the bank occurred whilst the income tax proceedings concerning the jewellery seizure were still ongoing. (AI image) The Income Tax Department seizes assets and they are stolen from the bank locker they are stored in – the situation is real, and the taxpayer whose seized jewellery was stolen, won a compensation case…
Gold jewellery worth Rs 1.65 crore and silver articles weighing 3 kg were seized from the residence of Suresh (name withheld) during an Income Tax Department search in November 2019. The Assessing Officer (AO) added the value to Suresh’s income as unexplained investment under Section 69 of the Income Tax Act, citing discrepancies between invoices,…
As gold prices have soared over 50% this year, shoppers are swapping their old jewellery for new pieces instead of investing more funds, turning the festive season into a gold exchange bonanza.According to executives cited by ET, the share of gold exchanges in total sales reached a record level. Tanishq, owned by Tata, expects exchanges…
France’s Louvre Museum reopened to visitors on Wednesday, three days after closing due to a shocking 7-minute daylight heist.From 9.00 am (local time), the museum’s regular opening time, visitors began entering the renowned institution, though the Apollo Gallery, where the theft took place on Sunday, remains closed, as cited by AFP. ON CAM: Louvre Thieves…
Ace gold jewellery styling like Kriti Sanon, who pairs bold statement pieces with her elegant white ensemble While so much seems to be trending this festive season, jewellery designers share that coloured gemstones, rings and bracelets remain the top picks for Dhanteras shoppers. Rings with a splash of colour, ring stacks, tennis bracelets and dainty…
Many are buying for the wedding season or making purchases now expecting prices to rise further Bhubaneswar: Shoppers continued to flock to jewellery stores for the second day on Sunday to purchase gold, silver and other precious metals linked to Dhanteras.Many buyers bought jewels for the upcoming wedding season, while others were keen to make…
Dhanteras shines: India’s jewellery markets sparkled this Dhanteras, as robust festive demand pushed nationwide sales to an estimated Rs 85,000 crore over two days, according to the All India Gem and Jewellery Domestic Council (GJC).“Across India, approximately 50 to 60 tonnes of jewellery were sold over the two days of Dhanteras, amounting to nearly Rs…
Dhanteras 2025 is turning into a record-breaking festival for Indian retailers, with strong demand across automobiles, electronics, and jewellery.Maruti Suzuki India expects to cross the 50,000-unit mark over the two-day festival, marking its highest-ever Dhanteras sales, said senior executive officer, marketing & sales, Partho Banerjee. “We are expecting around 41,000 deliveries today, with another 10,000…
Jewellery shopping in India is increasingly moving online, with consumers embracing digital platforms for gold, diamond, and lab-grown diamond purchases. Once dominated by neighbourhood jewellers and in-person sales, the market is seeing growing trust in hallmark certifications, brand assurances, and seamless services, making online purchases more acceptable.According to a FICCI-Deloitte report, 73 per cent of…
