The central bank also observed that currency holding among the public declined during the second wave
Only 30% of gold jewellery made in the country is hallmarked. The government has urged all jewellers to register with the Bureau of Indian Standards.
Gold hallmarking: To ensure jewellers adapt to the new system, the government has decided not to impose a penalty on jewellers for only three months
Gold hallmarking: However, watches, fountain pens and special types of jewellery will be exempted from hallmarking
Retailers urge for extended business hours as several states go on unlock mode
Despite the drop in inflow, AUM of gold ETFs rose by over 6% to Rs 16,625 crore at May-end, against Rs 15,629 crore at April-end
It is commonly believed that duping consumers with inferior quality of gold than the declared amount is a common practice by jewellers
Cumulative demand of all types of gold in India is down by 246 tonnes in 2020, WGC data shows
The demand for gold bonds seems to be stemming as gold prices have shot up recently, say experts
This is in sharp contrast to the global gold ETFs which saw inflows of $3.4 billion in May, reversing three straight months of net outflows
Explained: Consumer Price Index (CPI) vs Wholesale Price Index (WPI)
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It is one of the rare instances where the sequel is considered by many an improvement upon the original
