"Demand for gold in India for Q2 2021 was at 76.1 tonne, increase by 19.2 per cent as compared to overall Q2 demand for 2020 (63.8 tonne)," it said.
The Centre on Monday further extended the deadline for mandatory hallmarking of gold jewellery and artefacts by a fortnight till June 15 in view of the COVID-19 pandemic.
The Centre, in November 2019, had announced that hallmarking of gold jewellery and artefacts would be made mandatory across the country from January 15, 2021. The government had given jewellers more than a year to shift to hallmarking and register themselves with the Bureau of Indian Standards (BIS).
According to sources, one of the recommendations requires the DPMS sector to fulfil obligations of Customer Due Diligence (CDD) when they conduct cash transactions above a certain limit (USD/EUR 15,000). India is a member of FATF since 2010.
The government on Monday extended the deadline for mandatory hallmarking of gold jewellery and artefacts till June 1, 2021. The decision has been taken in view of the COVID-19 pandemic.
Around 37 per cent of Indian women have never bought gold jewellery but are interested in doing so in the future, a report said. The report, by the World Gold Council (WGC), added that most of these potential buyers are from the rural areas.
Having gold at home? Do you know how much you can keep without fearing Income Tax department? CBDT has clarified the prescribed quantity of gold considered allowable.
Buying gold or gold jewellery in India will soon become much safe than before as the government of India has taken a major step on its purity. The Centre has made Hallmarking for gold jewellery and artefacts mandatory across the nation from January 15, 2020. At present, hallmarking of gold is optional and can be voluntarily opted for by jewellers.
Hallmarking for gold jewellery and artifacts would be mandatory from January 15, 2021, the government said in an announcement on Friday. Union Consumer Affairs Minister Ram Vilas Paswan said the decision was taken to ensure quality.