National News
GST on gold, silver jewellery remains unchanged at 3%, with additional 5% on making charges
The GST Council, led by Finance Minister Nirmala Sitharaman, has simplified the indirect tax regime in the country by adopting a three-slab structure — 5%, 18%, and 40%. All items will be covered under these GST slabs. GST on gold and silver jewellery will remain unchanged at 3%, with an additional 5% on making charges. Meanwhile, Gold coins and bars will continue to have 3% GST.
Hence, the GST 2.0 reforms will not have a direct impact on demand for bullions.Following the GST rate cut announcement, MCX Gold futures declined over 1% as GST reforms increased the risk appetites of investors to more risker assets.
Lowering the GST on jewellery boxes, from 12% to 5%, will reduce costs for retailers and exporters, while making packaging and gifting more affordable for consumers. GST on jewellery boxes reduced from 12% to 5%.GST for Precious stones and semi-precious stones: from 3% to Nil–3%, for Diamond (industrial, uncut, cut and polished): from 3% to Nil–3%, for Goldsmith and silversmith wares (handicraft): from 12% to 5%.
The Indian jewellery sector has long advocated for a uniform 1% Goods and Services Tax (GST) on gold, silver, diamonds, and related products, citing the need for stability, affordability, and ease of compliance. However, the government has not accepted this demand, leaving industry stakeholders concerned about competitiveness and compliance costs.
Industry bodies and associations argue that a higher rate discourages consumers, fuels unorganised trade, and undermines India’s role as the global hub for jewellery manufacturing and exports.
Retailers further stress that lower taxation could expand formal sector participation and curb tax evasion. However, policymakers maintain that reducing GST below current levels may not be fiscally viable.
With the festive and wedding seasons around the corner, jewellers fear that the continuation of higher GST could dampen consumer sentiment and shift buying patterns towards the informal market.
National News
Bhima Gold Unveils Ashtalakshmi Coin Collection for Akshaya Tritiya, Blending Devotion with Exquisite Design
A culturally rooted, insight-led launch that reimagines festive gold buying through storytelling, symbolism, and spiritual relevance.
In a move that blends cultural storytelling with product innovation, Bhima Gold has unveiled its Ashtalakshmi Coin Collection for Akshaya Tritiya – positioning gold not just as a purchase, but as a deeply symbolic expression of prosperity, faith, and intent.
Timed with one of India’s most significant gold-buying occasions, Akshaya Tritiya, the launch reflects a deeper cultural shift in consumer behaviour. While the festival continues to drive strong purchase intent, there is a growing preference for meaningful, purpose-led buying experiences over purely transactional consumption.
Aligned with this evolving mindset, the Ashtalakshmi coin collection has been thoughtfully conceptualised to blend tradition with deeper symbolism. Inspired by the eight sacred forms of Goddess Lakshmi, each coin represents a distinct dimension of prosperity—from wealth and nourishment to courage, knowledge, and continuity.

By bringing together Adi Lakshmi, Dhana Lakshmi, Dhanya Lakshmi, Gaja Lakshmi, Santana Lakshmi, Veera Lakshmi, Vijaya Lakshmi and Vidya Lakshmi, the collection reframes gold coins from being a generic festive purchase to a story-driven, culturally immersive product experience – one that resonates across generations and belief systems.
This launch also aligns with Bhima Gold’s larger centenary narrative of “Together Purever,” which focuses on legacy, shared traditions, and evolving consumer meaning. The collection becomes an extension of that philosophy – reinforcing how heritage brands are reinterpreting tradition for a more aware and emotionally driven consumer.
Customers can pre-book their favourite jewellery by paying just 10% in advance & get their jewellery on Akshaya Tritiya at the lowest rate, which gives customers more flexibility and helps them plan their purchases with greater confidence, especially at a time when gold prices are high.
Akshaya Tritiya has traditionally been associated with intention, belief, and the aspiration for prosperity, extending beyond a purely transactional act of buying gold. The Ashtalakshmi Coin Collection has been conceptualised to reflect this deeper cultural and spiritual significance, with each coin designed to carry a distinct meaning and sense of purpose. The initiative also aligns with evolving consumer preferences, where there is a noticeable shift towards jewellery that offers emotional, cultural, and spiritual resonance in addition to intrinsic value.
With gold prices near record highs and consumer sentiment becoming more considered, Bhima’s Ashtalakshmi Coin Collection signals a broader shift in the category — from price-led promotions to meaning-led engagement, where design, storytelling, and cultural relevance drive both differentiation and demand.
As legacy brands navigate a new era of conscious consumption, Bhima Gold’s latest offering highlights how tradition can be reimagined as experience, making gold buying not just an act of investment, but an expression of identity and belief.
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