gold bars

Prime Minister Modi urged Indians to halt gold purchases for a year to protect foreign exchange reserves, a call supported by GTRI which highlighted a surge in gold imports straining the trade balance. Union Minister Ashwini Vaishnaw echoed the appeal, emphasizing reduced import spending amid Middle East conflict, leading to a sell-off in jewellery stocks.

The move to up the gold import duty comes days after PM Narendra Modi appeals to citizens to avoid unnecessary gold purchases for a year. But is a hike in duties an effective way to curb consumption? We take a look:

India has significantly increased import tariffs on gold and silver to 15% from 6% to curb imports and protect foreign exchange reserves. This move follows Prime Minister Modi's appeal for citizens to avoid gold purchases for a year, aiming to narrow the trade deficit and support the rupee amid global economic pressures.

Electronic Gold Receipts (EGRs) are now trading on the NSE, revolutionizing India's gold market. This digital format, backed by physical gold in SEBI-regulated vaults, offers investors a secure and transparent way to hold the precious metal. EGRs aim to overcome traditional concerns like purity and storage, integrating gold more closely with the capital markets.

Known as the 'Golden Thief,' 42-year-old Subodh Singh from Nalanda has gained infamy for allegedly masterminding daring gold heists from behind bars at Purnia jail. The authorities are on high alert after a brazen robbery occurred in Telangana, suspected to be orchestrated with the help of illicit communication tools.

While Cannes 2026 showcases modern fashion, Bollywood enthusiasts recall an era of elaborate, handcrafted costumes. Iconic looks like Madhubala's Anarkali in 'Mughal-e-Azam' and Madhuri Dixit's 10kg lehenga in 'Devdas' exemplify this golden age of cinematic artistry. These ensembles, rich with embroidery and embellishments, became characters themselves, leaving a lasting legacy.

The Delhi High Court made a significant ruling asserting that ridiculing a wife regarding her 'small car' and 'meager gold' as dowry is tantamount to cruelty. This decision modified an earlier court's findings, allowing for the continuation of cruelty charges under Section 498A of the IPC against the husband.

State Has Over 15,000 Jewellers & 25,000 Artisans Engaged In Polishing, Designing & Allied Work