Rapaport’s Post

Recently, the budget was released by our Finance Minister which severely impacted stocks of Jewellery companies. But how? As we know, the prices of commodities, including stocks, are influenced by demand and supply. 👉 Higher demand leads to higher prices, and vice versa. 👉 Higher supply results in lower prices, and vice versa. Similarly, the reduction in import duty on gold negatively impacted gold prices in India for several reasons: 1. Increased supply: Lower import duties make it #cheaper for gold to be imported into India. As a result, more gold can enter the market, increasing the overall supply. When supply increases without a corresponding increase in demand, prices tend to fall. 2. Lower costs for jewelers and retailers: With reduced import duties, jewelers and retailers can source gold at #lowercosts. This can lead to lower retail prices for gold jewelry and other gold products, making it more affordable for consumers and potentially increasing sales volume. However, the increased availability at lower prices can also lead to a decrease in the overall market price of gold. 3. Market competition: As more gold enters the market due to reduced import duties, #competition among sellers may increase. This competition can drive prices down as sellers may lower their prices to attract buyers. 4. Impact on demand: While lower prices might initially stimulate demand if the market perceives that prices will continue to fall due to increased supply, consumers may delay purchases, anticipating even #lower prices in the future. This can further contribute to a decline in prices. 5. Investor sentiment: Changes in import duties can also influence investor sentiment. If investors believe that gold prices will decline due to increased supply from reduced import duties, they may sell off their #holdings, leading to further price declines. In summary, a reduction in import duty can lead to increased supply and lower costs, which can negatively impact gold prices in India by creating downward pressure on the market. Follow CA Parth Gupta for more such insightful news. #gold #import #importduties #price #sentiments #supply #demand #competition

GOLD PUSHED TO NEW RECORDS AS INDIA DEMAND REIGNITES Fashion Network Key Takeaways: 🥇Gold reached record-breaking levels in September, buoyed by a bumper US interest rate cut, fears of rising geopolitical conflict, and an import tax cut in India that has galvanised local demand. 💥 India, the world's second largest consumer of gold jewellery, cut the import tax on gold in July to six percent from 15 percent, sparking a significant increase in appetite for gold jewellery, bars and coins. 💭 The legislation has led to "soaring" local imports of the metal which has given "fresh impetus" to its upwards price, explained Han Tan chief market analyst at Exinity in an interview with AFP. 💵 Gold has been smashing records throughout September, reaching a new high of $2,685.58 an ounce on Thursday, up around 30 percent from the start of the year. LEARN MORE: https://lnkd.in/drTsnNKQ #web3 #investment #fashion #ai #metaverse

Wholesale Price Index Update March 2024 India's Wholesale Price Index (WPI)-based inflation accelerated to 0.53% in March 2024 from 0.20% in February. Find the attachment below for detailed information...                                                              Website: www.inrl.in Contact us on  care@inrl.in  +91 7861842766 For more details on the energy market... #coal #price #coalmining #linkedinconnections #digitalmarketing

𝐒𝐢𝐥𝐯𝐞𝐫 𝐏𝐫𝐢𝐜𝐞𝐬 𝐒𝐮𝐫𝐠𝐞: 𝐈𝐦𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐈𝐧𝐝𝐢𝐚𝐧 𝐄𝐜𝐨𝐧𝐨𝐦𝐲 "📈 Exciting news in the world of finance! SILVER prices have surged, sparking curiosity and analysis across markets worldwide. But what's behind this sudden rise? 🤔 📊 𝗟𝗲𝘁'𝘀 𝗱𝗲𝗹𝘃𝗲 𝗶𝗻𝘁𝗼 𝘀𝗼𝗺𝗲 𝗵𝗶𝘀𝘁𝗼𝗿𝗶𝗰𝗮𝗹 𝗱𝗮𝘁𝗮: - In the last 10 years, silver prices have ranged from a low of $13.58 per ounce (April 2020) to a high of $48.70 per ounce (April 2011). - Currently, silver is trading around $28 per ounce, up nearly 100% from its pandemic lows in 2020. - The average silver price in 2022 was $21.73 per ounce, a 16.6% increase from the 2021 average of $25.14. 𝗜𝗻𝗱𝗶𝗮'𝘀 𝗦𝗶𝗹𝘃𝗲𝗿 𝗜𝗺𝗽𝗼𝗿𝘁 & 𝗖𝗼𝗻𝘀𝘂𝗺𝗽𝘁𝗶𝗼𝗻: - India imported around 8,400 metric tons of silver in FY 2022-23, valued at $5.7 billion. - In FY 2021-22, India's silver imports stood at 7,573 metric tons, worth $3.4 billion. - India accounts for around 20% of global silver demand annually. - The Indian jewelry industry consumed around 2,500 metric tons of silver in FY 2022-23, valued at $1.7 billion at the average price. - India's electronics and electrical industry consumed around 1,800 metric tons of silver in FY 2022-23, worth $1.2 billion. 𝗜𝗺𝗽𝗮𝗰𝘁 𝗼𝗻 𝗞𝗲𝘆 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗲𝘀: - In FY 2022-23, a 10% rise in silver prices increased input costs for India's $100 billion electronics/electrical industry by an estimated $120 million. - For the $70 billion gems & jewelry sector, a 10% price rise hiked costs by around $170 million in FY 2022-23. - The solar panel manufacturing industry faced higher input costs of around $40 million due to the silver price increase in FY 2022-23. 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻𝗮𝗿𝘆 𝗜𝗺𝗽𝗮𝗰𝘁: The rise in silver prices in FY 2022-23 contributed an estimated 0.1-0.2 percentage points to India's overall wholesale price inflation for the fiscal year. 𝗦𝗶𝗹𝘃𝗲𝗿'𝘀 𝗩𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆: - Silver prices are known to be more volatile compared to gold, with larger daily and monthly price swings. - Over the past decade, silver prices have experienced an annualized volatility of around 30%, significantly higher than gold's 16% volatility. - In FY 2022-23 alone, silver prices swung between a high of $26.19 per ounce and a low of $17.55 per ounce, a range of nearly 50%. - This volatility can pose challenges for industries relying on silver, as input costs can fluctuate rapidly, impacting profitability and pricing strategies. #Silver #Metals #IndianEconomy #Inflation #RawMaterial #RiskManagement #CommodityMarket

The global #cotton market has remained stable recently, with most benchmarks showing little change. NY/ICE March contract prices hovered around 78 to 82 cents per pound, while the A Index stayed between 90 and 92 cents. #Chinese and #Indian prices were consistent, but #Pakistani cotton prices significantly rose from 73 to 82 cents per pound. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/d_yqxDN3

In March, the annual wholesale price inflation in India was recorded at 0.53 per cent, a slight increase from 0.20 per cent in February, according to the Ministry of Commerce and Industry, Government of India. WPI rose month-over-month by 0.40 per cent from February 2024. The rise in inflation is attributed to higher prices in sectors such as food, electricity, and machinery. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dUWUS8ed

"#dailyinspiration #dailyquotes -- 💕💕Morning News from China Jewelry factory📢 on March 12 📢Tuesday 🌻 The third day of the second lunar month The spot exchange rate of RMB against the US dollar on the previous trading day closed at 16:30: 1 US dollar = 7.1840 RMB ① The United States may coerce companies in allied countries to "submit" and require allies to strengthen controls on Chinese chips. ②The EU delays the implementation of stricter regulations on imported products from deforested areas ③The EU implements new hygiene standards for drinking water contact materials and products ④Azerbaijan adjusts import tariffs on some products, involving food, gypsum, anhydrite and some ceramic products, etc. ⑤ Expectations for the Federal Reserve to cut interest rates this year weakened the U.S. dollar and the South Korean won rose to its highest level in two months ⑥Vietnam has surpassed South Korea to become the world’s second largest smartphone exporter ⑦The Egyptian currency plummeted 40% to a record low, and the annual inflation rate rose to 36% in February ⑧A sudden explosion occurred at a container terminal in the Port of Cartagena, Colombia, an important port in South America. ⑨ Zhang Ming: The RMB exchange rate against the US dollar is expected to rise to 6.8-7.0 by the end of this year 💍ENCOJEWERLY is a specialized manufacturer/supplier for Necklaces,Earrings,Rings,Bracelets&Bangles,Cufflinks,Charm,Pendants,Jewerly Sets with Fashion,Fine,Minimalist,Bontique Style, based in 𝑫𝒐𝒏𝒈𝒈𝒖𝒂𝒏, 𝑪𝒉𝒊𝒏𝒂,the biggest High quality Fashion Jewelry accessories Factories City. Adhering to good business ethics, we are orientating ourselves as a serious and reliable partner for all customers. 🆂🅴🆁🆅🅸🅲🅴🆂 Big or small,Old or New,all are our friend and partners. ✅ 𝗢𝗘𝗠/𝗢𝗗𝗠 𝗽𝗿𝗼𝗷𝗲𝗰𝘁 𝗖𝘂𝘀𝘁𝗼𝗺 𝗗𝗲𝘀𝗶𝗴𝗻 & 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗟𝗮𝗯𝗲𝗹𝗶𝗻𝗴 𝗢𝗿𝗱𝗲𝗿𝘀 𝗔𝗰𝗰𝗲𝗽𝘁𝗲𝗱,𝗙𝗮𝘀𝘁 𝗗𝗲𝗹𝗶𝘃𝗲𝗿𝘆 𝗧𝗶𝗺𝗲. ✅ small business with stocks,with 𝗿𝗲𝗮𝗱𝘆 𝘁𝗼 𝘀𝗵𝗶𝗽𝗽𝗶𝗻𝗴 (𝗥𝗧𝗦) service ✅ 𝗦𝗼𝘂𝗿𝗰𝗶𝗻𝗴 𝗮𝗻𝗱 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗮𝗴𝗲𝗻𝘁 𝘀𝗲𝗿𝘃𝗶𝗰𝗲 💍 Give us your design or even an idea, we could make it true. 💍 China jewelry factory www.encojewelry.com,Welcome to inquire to hi@encojewelry.com #jewelryshop #jewelrystore #jewelry #jewellerystore #jewellery #luxuryjewellery #jewelers #jewels #giftbox #luxuryjewelry #luxurypackaging #weddingrings #jewelrybox #ring #necklace #bracelet #bangle #jewelry #jewellery #luxury #diamondring #diamondjewelry #diamondnecklace #diamondbracelet #diamondpendant #pearlnecklace #pearljewelry #gemstones #goldrings #goldjewellery #fashionjewelry #boutiques #manufacturer #fashion #luxury #customjewelry #silver #2023trends #manufacturing #wholesale #jewelrydesigner #jewellery #jewelryde

The global cotton market has remained stable recently, with most benchmarks showing little change. NY/ICE March contract prices hovered around 78 to 82 cents per pound, while the A Index stayed between 90 and 92 cents. Chinese and Indian prices were consistent, but Pakistani cotton prices significantly rose from 73 to 82 cents per pound. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dzSnhcx9

Even though wages have increased and the dollar conversion rate has risen against the BDT, the buyer (Apparels retailers/importer) is still insisting on reducing the price, making it really difficult to secure orders. If the machines can't run due to a lack of orders, there will be a huge loss. To avoid these losses, factory owners are accepting orders at either the cost level or below it, but if buyers consider this as the benchmark, it will be difficult to survive in the coming days. Among all the issues, there is some positive news: yarn prices have gone down, according to last week's report on March 25th.   § Cotton Prices on International and Domestic Markets: Cotton prices have continued to decline worldwide over the past week, as speculative buying subsided in New York and demand from yarn producers remained weak.   § Polyester Chain Prices in Asia: Polyester chain prices declined overall in Asia after crude oil stopped rallying.   § Nylon Chain Prices: Caprolactam prices have sharply declined in the last few weeks, offering no more support for nylon 6 filament yarn prices.   § India Fiber and Yarn Prices: Cotton fiber and yarn prices have begun to decline in the past week in India.   § China Fiber and Yarn Prices: Cotton yarn prices continued to slightly decline in the last few days in China.   § Wool Prices in Australia: The decline in the Australian dollar this week did not prevent a drop in wool prices.   § Viscose Fiber & Yarn Prices: Viscose prices in Asia have remained unchanged, with firm material costs and weakened demand.

Wholesale Price Index Update May 2024 India's Wholesale Price Index (WPI)-based inflation surged to 2.61% in May 2024, marking the highest rate in 15 months since February 2023, when it stood at 3.85% before dropping to 1.41% in March 2023. Find the attachment below for detailed information... Website: www.inrl.in Contact us on  care@inrl.in  +91 7861842766 For more details on the energy market... #coal #price #coalmining #linkedinconnections #digitalmarketing