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Gold was sold as high as Rs 50,000 per ten grams last week against the market price of Rs 31,000 as gold and bullion was said to be used to convert the debunked currency.

Jewellery sales under taxmen lens amid crackdown on blackmoney

After the government banned 500 and 1000 rupee notes, gold and bullion are said to be favoured route for laundering of...

14 Nov 2016 8:58 PM IST

The government would have to see in the next decade how many jails will be required and in what pattern. (Representational Image)

Mumbai: 2 detained with gold jewellery worth Rs 3.5 crore

The accused were going to Vijayawada to deliver the ornaments but could not give proper information about the...

14 Feb 2017 9:26 AM IST

Income Tax department

Income Tax department raids 20 jewellers' offices, homes

It is suspected that the jewellers accepted old notes by charging extra for the gold.

27 Feb 2017 1:09 AM IST

Ancestral jewellery and gold as also that purchased from disclosed income not to be taxed.

Jewellers say Budget 2017 will boost sector, drive consumption

IBJA managing director Saurabh Gadgil said Focus on farmers, infrastructure and digital economy will create...

1 Feb 2017 5:00 PM IST

Scrapping of high denomination currency notes also impacted the amount of gold smuggled into the country through various unofficial channels.

Gold prices recover by Rs 225, silver tops Rs 43,000

Bullion traders attributed recovery in gold to a firm trend overseas and increased buying by local jewellers.

11 Feb 2017 4:25 PM IST