Gold
What is HUID Number?
Hallmark Unique Identification (HUID) number is a unique 6-digit alphanumeric code consisting of numbers and letters. It is stamped manually on a piece of jewellery at the Assaying & Hallmarking centres. It ensures the purity and fitness of gold via ..
Month: Current Affairs - March, 2023
Category: Economy & Banking Current Affairs - 2024
GoM approves e-way bill for intra-state gold movement
The Group of Finance Ministers has approved bringing the intra-state movement of gold within the ambit of the e-Way bill. However, the panel of ministers has left the final decision to introduce it or not to the individual states as ..
Month: Current Affairs - August, 2020
NSE launches refiner standards for BIS standard Gold
On July 10, 2020, the National Stock Exchange (NSE) launched NSE refiner Standards for BIS Standard Gold. Highlights Under the new standards, NSE will accept gold bars produced by Indian manufacturers. Till date, NSE accepted only gold bars that were ..
Month: Current Affairs - July, 2020
World Gold Council Report: 37% of Indian Women never bought gold
On May 27, 2020, the World Gold Council released its report on Retail Gold Insights: India Jewellery Report. According to the report, around 37% of Indian women never bought jewellery. Highlights The report says that gold jewellery was the second ..
Month: Current Affairs - May, 2020
Indonesia’s Gold Mining
9 people were killed in an illegal gold mine in West Sumatra province of Indonesia due to landslides. Gold in Indonesia Indonesia accounts for about 4% of global gold production. Half of this comes from the Grasberg Mine. The country’s ..
Gold Imports of 2019-20 dip by 8.86% narrowing Current Account Deficit to 143 billion USD
On March 16, 2020, the Commerce Ministry reported that the gold imports for the period April to February (2019-20) has reduced by 8.86% as compared to the previous year. Highlights India is the largest importer of gold in the world. ..