National News
Adv. S. Abdul Nazar, State General Secretary Of KGSMA, Met With Chief Minister Sri V.D. Satheesan
Kerala Gold Trade Seeks Government Support For Jewellery Park and Sector Development
Adv. S. Abdul Nazar, State General Secretary of the Kerala Gold and Silver Merchants Association (KGSMA), met with Kerala Chief Minister Shri V.D. Satheesan. He brought various issues and matters concerning Kerala’s gold trade sector—including the ‘Jewellery Park’ project proposed in the state budget—to the Chief Minister’s attention. The Chief Minister assured him that a meeting of relevant stakeholders would be convened to discuss the challenges and future development plans of the gold trade sector in detail.
Adv. S. Abdul Nazar expressed his happiness and gratitude to the Chief Minister for the successful and grand organization of the KGSMA state convention, and KJIF show which had been inaugurated by the Chief Minister.
The KGSMA is hopeful of receiving government support for projects such as the Jewellery Park, aiming to revitalize Kerala’s gold trade and manufacturing sectors and create more employment opportunities.
National News
MCX Gold Futures Traded Flat,Silver Prices Decline
​A Firm U.S. Dollar and Elevated U.S. Treasury Yields Kept Precious Metals Under Pressure As Investors Maintained A Cautious Stance
Domestic gold futures traded flat on Tuesday while silver prices moved lower, dragged down by a stronger U.S. dollar and elevated bond yields, even as surging crude oil prices driven by escalating Middle East tensions offered underlying support.
​MCX gold futures were virtually unchanged at Rs 151,101 per 10 grams, while silver futures slipped 0.37% to Rs 231,830 per kg.
​A firm U.S. dollar and elevated U.S. Treasury yields kept precious metals under pressure as investors maintained a cautious stance ahead of the Federal Reserve’s upcoming interest rate decision. However, sharp gains in energy markets limited deeper losses in bullion.
​Crude oil rallied to three-month highs following fresh military escalations between the U.S. and Iran. Brent crude futures traded near $107 per barrel, while West Texas Intermediate (WTI) hovered around $103 per barrel.
​In retail physical markets, domestic 24-carat gold held steady around indicative levels of Rs 154,080 per 10 grams, while silver was quoted near Rs 244,900 per kg, subject to regional taxes and making charges.
Adv. S. Abdul Nazar, State General Secretary Of KGSMA, Met With Chief Minister Sri V.D. Satheesan
MCX Gold Futures Traded Flat,Silver Prices Decline
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Adv. S. Abdul Nazar, State General Secretary Of KGSMA, Met With Chief Minister Sri V.D. Satheesan
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