National News
GJEPC Calls For Suggestions From Industry On Proposed Gold Reform Measures
GJEPC, Is Undertaking Consultations On Promoting Low-Caratage Jewellery, Revamping GMS, To Encouraging Exchange Of Old Jewellery To Boost Recycling
GJEPC is leading industry consultations to formulate a proposal on gold monetisation and measures to reduce India’s Current Account Deficit (CAD), following initial discussions on precious metals convened by the Ministry of Commerce & Industry.
GJEPC, in coordination with AIGJC and other industry stakeholders and GJEPC members, is undertaking consultations on promoting low-caratage jewellery, revamping the Gold Monetisation Scheme (GMS) to mobilise idle household gold, encouraging exchange of old jewellery to boost recycling, and discouraging passive gold investments such as bars and coins.
The industry paper will exclude temple gold, income tax amnesty measures, and any recommendation on reducing gold import duty. It also supports wider adoption of 9K, 14K and 18K hallmarked jewellery, stronger export incentives for the gems and jewellery sector, and safeguards against smuggling.
Jewellers are expected to remain the primary implementation channel, backed by declaration, valuation and monitoring mechanisms, while measures such as hedging and price protection may be explored to address gold price volatility.
GJEPC has invited member inputs by 28 May, with the consolidated proposal slated for submission to the Government by 5 June 2026.
GJEPC is leading industry consultations to formulate a proposal on gold monetisation and measures to reduce India’s Current Account Deficit (CAD), following initial discussions on precious metals convened by the Ministry of Commerce & Industry. GJEPC, in coordination with AIGJC and other industry stakeholders and GJEPC members, is undertaking consultations on promoting low-caratage jewellery, revamping the Gold Monetisation Scheme (GMS) to mobilise idle household gold, encouraging exchange of old jewellery to boost recycling, and discouraging passive gold investments such as bars and coins. The industry paper will exclude temple gold, income tax amnesty measures, and any recommendation on reducing gold import duty. It also supports wider adoption of 9K, 14K and 18K hallmarked jewellery, stronger export incentives for the gems and jewellery sector, and safeguards against smuggling. Jewellers are expected to remain the primary implementation channel, backed by declaration, valuation and monitoring mechanisms, while measures such as hedging and price protection may be explored to address gold price volatility. GJEPC has invited member inputs by 28 May, with the consolidated proposal slated for submission to the Government by 5 June 2026.
National News
Kangana Ranaut Unveils PNG Jewellers New Showroom In Ayodhya~
The Store Is PNG Jewellers’ 81st Overall and Its Fifth In UP following Lucknow, Kanpur, Gorakhpur and Varanasi.
Member of Parliament and Indian film actor Kangana Ranaut inaugurated PNG Jewellers new store in Ayodhya. The store is PNG Jewellers’ 81st overall and its fifth in UP following Lucknow, Kanpur, Gorakhpur and Varanasi. Located next to Rikabganj Women Police Station, the new store gives Ayodhya customers access to PNG Jewellers’ products, collections, and quality service closer to home.
Dr. Saurabh Gadgil, CMD- PNG Jewellers, said:
“Opening a store in Ayodhya is a special moment for us. We have received an encouraging response from customers across Uttar Pradesh, and we are pleased to bring PNG Jewellers closer to people in and around Ayodhya. We look forward to being part of their weddings, festivals and family celebrations, while offering the legacy, trust and craftsmanship that our brand has stood for over generations.”
Kangana Ranaut added:
“Ayodhya holds a special place in the hearts of so many people, and I am delighted to be here for the opening of PNG Jewellers’ new store. Jewellery is closely woven into how we celebrate our traditions, weddings and important moments with family. I wish the PNG team every success in Ayodhya.’’
The occasion also marks the debut of Ram Katha, an exclusive collection inspired by the Ramayana and the historical, cultural and spiritual heritage of Ayodhya. Launched by Kangana Ranaut, the collection is being introduced in its initial phase across PNG stores in North India
The store also showcases a range of gold, diamond, temple and bridal jewellery for weddings, festive occasions and everyday wear. Customers can explore PNG Jewellers’ collections, including Saptam, Katha, Pratha, Eiina and Polmi, with designs crafted for local tastes.
Ayodhya, revered as the birthplace of Lord Shree Ram, draws people from across the country for its temples, festivals and deeply rooted traditions. Jewellery is closely tied to weddings, festivals and family celebrations in the city. The new store allows PNG Jewellers to serve local customers more conveniently while continuing its expansion in Uttar Pradesh. To celebrate the opening, the brand introduced limited-period inaugural offers of up to 50% off on gold jewellery making charges and up to 100% off on diamond jewellery making charges*, valid till 15th November, 2026.
Adding to the excitement of the festive season, PNG Jewellers brings together its brand ambassadors Madhuri Dixit-Nene and Ranbir Kapoor for the first time in a special festive television commercial. The campaign marks a significant moment, bringing together two of Bollywood’s most iconic stars in a celebration of tradition, elegance and contemporary appeal. This much-awaited collaboration also reflects PNG Jewellers’ vision of connecting its nearly two-century-old legacy with a new generation of consumers.
Kangana Ranaut Unveils PNG Jewellers New Showroom In Ayodhya~
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