Tag Archives: jewellers

Fearing tax raids, Agra jewellers shifting their excess stocks to bank lockers

With Goods and Services Tax (GST) becoming effective in July 2017, the gold jewellery business is one of the biggest sufferers as most of this business used to be transacted without any paperwork in the past. Jewellers were not in a habit of keeping a stock register and often, the stock available with them was significantly more than what they ... Read More »

Gold, silver extend gains on global cues, jewellers buying

CHENNAI: India’s foreign exchange reserves increased marginally to $361.60 billion as on April 22, 2016, the Reserve Bank of India (RBI) said. According to RBI’s forex data the reserves stood at $361.60 billion as on April 22 against $360.25 billion for the week ended April 15, 2016. As on April 22, foreign currency assets stood at $337.53 billion, gold $20.11 ... Read More »