GST On Gold

If 3% GST is considered, price is just Rs 1,715 away from Rs 50,000 per 10 gram; Silver hits Rs 45,035 a kg, up Rs 2,050 from yesterday

India's jewellery demand has remained subdued this year because of the sharp increase in gold prices

Cash sale and smuggled gold still in demand, industry consolidating favouring large chains

The industry, however, needs clarity on standardised billing procedure for selling gold jewellery

In July alone, 2.5 tonnes of gold coins imported so far from South Korea under zero-duty facility

Shares of Delhi-based PC Jeweller traded higher by 10.96 per cent at Rs 558.20 per share on the BSE

Gold jewellery, silver and processed diamonds will also be taxed at 3 percent

Exporters say tax on rough diamonds hampering exports

Titan Company, PC Jeweller, Gitanjali Gems and TBZ were up more than 4%

Demand remained tepid with dealers offering a discount of up to $1 an ounce to official prices