GJ Town India

India's Jewellery Export Landscape: Divergent Trends in Gold, Silver, Platinum, and Gemstones from April to December 2023 According to the release figures of the gold jewellery export for the period of April 2023 to December 2023, India’s gold jewellery export is struggling to grow! In the Gold Jewellery (Plain & Studded) category show that the provisional gross export of total Gold Jewellery for the period April 2023 to December 2023, at US$ 7260.330 million (Rs. 60184.71 crores) shown a growth of 0.68% (4.77% Rs. term) over the comparative figure of US$ 7211.09 million (Rs. 57445.21 crores) for previous year. While provisional gross export of Plain Gold Jewellery for the period April 2023 to December 2023, at US$ 3953.99 million (Rs. 32797.13 crores) shown a growth of 28.12%(33.27% Rs. term) over the comparative figure of US$ 3086.25 million (Rs. 24608.79 crores) for previous year. Provisional gross export all kinds of Studded Gold jewellery for the period April 2023 to D...

Gold recycling shoot-up by 88% in 1Q YoY   In the context of India Demand Statistics for Q1 2022 (January – March) & by reviewing  Gold demand full year January – March 2022; Somasundaram PR, Regional CEO, India, World Gold Council said, After rising to record levels in Q4 2021, India’s gold Jewellery demand fell by 26% y-o-y in Q1 2022 to 94 tonnes.   Since 2010, barring the pandemic periods, this is only the third time the Q1 total has been below 100 tonnes.  Fewer auspicious days coupled with a sharp rise in gold prices meant fewer weddings and a pause in retail demand, with households postponing gold buying in anticipation of a price correction.   Investment demand, primarily gold bars and coins, however, grew 5% to 41 tonnes, rising prices and volatility in equity markets acting as support. With safe-haven demand and rupee depreciation pushing gold prices above Rs.50,000/10g, discussions with trade revealed that most of the buying was lower ticket...

Gold demand remained of 797.3 tonnes in 2021   Recently the World Gold Council India pronounced the Gold Demand Trend India for the January to December 2021 & Q4, 2021. The report said, 1: The gold demand for the full-year 2021 is 797.3 tonnes compared to 446.4 tonnes in 2020. 2: Total jewellery demand in India for 2021 was up by 93% at 610.9 tonnes as compared to 315.9 tonnes in 2020.   3: The value of jewellery demand in 2021 was Rs. 261,140 crores, up by 96% from 2020 (Rs 133,260 crores). 4: Total investment demand for 2021 was up by 43% at 186.5 tonnes in comparison to 130.4 tonnes in 2020. 5: In value terms, gold investment demand was Rs. 79,720 crores up by 45% from 2020 (Rs. 55,020 crores).   6: Total gold recycled in India in 2021 was 75.2 tonnes as compared to 95.5 tonnes in 2020, drop of 21% & 7: Total gold imported in India in 2021 was 924.6 tonnes as compared to 349.5 tonnes in 2020, increase of 165%. In his address, Somasundaram PR, Regional CEO...