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The 3.5 kgs gold, which has been seized, is assessed to be worth Rs 92.87 lakh. Both the accused have been arrested, Garg said. (Representational Image)

GST could dampen India gold demand in short term: WGC

Goods and Services Tax (GST) on gold has jumped to 3 per cent from 1.2 per cent previously.

6 July 2017 2:15 PM IST

Globally, gold fell 0.30 per cent to USD 1,244.10 an ounce and silver 0.03 per cent to USD 18.29 an ounce in Singapore.

Gold sales won't fall any more, says WGC

Demonetisation is also boosting large jewellery retailers, and they will continue to grab a larger share of the market.

9 March 2017 3:26 AM IST

Arrested on the basis of profiling, the gold was concealed in the shoes he was wearing. (Representational Purpos).

Tax burden on gold should reduce under GST regime: WGC

GST will bring lot of transperency in the gold industry including check on illgeal imports.

25 May 2017 5:22 PM IST

Photo caption: Under it, C-GST will be levied by the Centre, S-GST by states and I-GST on inter-state supply of goods and services. (Representational Image)

GST may impact gold demand in short term: WGC

India's gold demand, which we expect to be between 650-750 tonnes in 2017, rising to 850-950 tonnes by 2020.

8 Jun 2017 5:37 PM IST

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

Gold sees seven-year low demand

According to World Gold Council (WGC), the total gold demand in 2016 fell to 675.5 tonnes, down 21.19 per cent from...

4 Feb 2017 6:19 AM IST

Money laundering by the medium of gold purchase/sell has seen a huge boost post demonetisation. (Photo: PTI/Representational)

Gold demand up by 2 pc as investment surge: WGC

Total demand in 2015 stood at 4,216 tonne, WGC data revealed.

3 Feb 2017 1:47 PM IST