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India gold falls by 1.5 pct on global leads

Jewellers resume buying gold, diamonds as rupee rise pauses
The 6,000-odd registered jewellers in the country seem to have again started booking raw material, believing the recent sharp recovery in the rupee's exchange rate is over for now and a further rise is unlikely in the near future. The jewellery industry predominantly depends on imports for raw material supplies. The cost of these imported raw materials make up about 75 per cent of the cost of the products

GJF welcomes tax on commodity trading
The All India Gems and Jewellery Trade Federation (GJF) has welcomed the move of the Government to introduce the tax on commodity trading.

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Jewellery demand and gold prices: A correlation

India, which continues to surprise the world with its appetite for gold jewellery, saw demand for the adornment slipping 26 per cent to 125.3 tonnes in the third quarter of 2011. Even then, the

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High import duty will stoke gold smuggling: Bachhraj Bamalwa

The Rs 325,000-cr domestic jewellery industry will suffer due to the substantial increase in import duty on precious metals and stones. The government should take the industry into confidence

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Double trouble for diamond processors

A sudden fall in demand since the new year began has the diamond processing industry worried, more so as it comes in the wake of a fall in demand abroad for all forms of jewellery. This week’s rise

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Kalmadi gets bail but Raja, several VIPs still in Tihar
Though former Commonwealth Games Organising Committee chief Suresh Kalmadi Thursday got bail after spending nine months in Tihar Jail, a number of high-profile officials continue to be behind bars in the Commonwealth Games and 2G spectrum scams.

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