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Country's leading jewellers urge government to bring uniform gold pricing

The call for uniform pricing comes at a time when demand for gold is showing signs of revival. Buying of the yellow metal in India generally peaks in the October to December festival period.
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13 Sep 2020 2 Mins Read 0 comment
Kerala is the country’s top gold consuming state, followed by Goa, Karnataka, Himachal Pradesh, Tamil Nadu, Jammu &Kashmir (UT) and Punjab. Agencies
Kerala is the country’s top gold consuming state, followed by Goa, Karnataka, Himachal Pradesh, Tamil Nadu, Jammu &Kashmir (UT) and Punjab.
The country’s leading jewellers have urged the government to introduce uniform gold pricing, saying it will benefit consumers, fuel demand and cut the unhealthy price competition generally seen ahead of festive seasons. The call for uniform pricing comes at a time when demand for gold is showing signs of revival. Buying of the yellow metal in India generally peaks
Bank of India for benchmarking the price of sovereign gold bond. Surendra Mehta, national secretary, IBJA, said “We have urged the jewellers to use our price. Some use them, but many prefer to use the price fixed by the local merchants’ and sarafa associations. The labour charge may vary from jeweller to jeweler, but gold price should remain uniform.”
The country’s leading jewellers have urged the government to introduce uniform gold pricing, saying it will benefit consumers, fuel demand and cut the unhealthy price competition generally seen ahead of festive seasons. The call for uniform pricing comes at a time when demand for gold is showing signs of revival. Buying of the yellow metal in India generally peaks Bank of India for benchmarking the price of sovereign gold bond. Surendra Mehta, national secretary, IBJA, said “We have urged the jewellers to use our price. Some use them, but many prefer to use the price fixed by the local merchants’ and sarafa associations. The labour charge may vary from jeweller to jeweler, but gold price should remain uniform.”

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