National News
All India Gem & Jewellery Domestic Council (GJC) welcomes Maharashtra Government’s landmark initiative- Formation of State-Level ‘Dakshata Committee’ for Jewellers’ Security
GJC hails Maharashtra Govt’s move to set up state-level Dakshata Committee for jewellers’ safety and security
The All India Gem & Jewellery Domestic Council (GJC), the apex body representing over 600,000 jewellers across India, heartily welcomes the Maharashtra Government’s historic step of establishing a state-level ‘Dakshata Committee’ (Vigilance Committee) to ensure the safety and security of jewellers.
For a long time, jewellers have faced harassment during investigations of theft and robbery cases involving gold and silver. In some unfortunate incidents, jewellers even lost their lives during the process. Taking cognizance of these grave concerns, on March 14, 2024, the Government of Maharashtra issued a circular under the Home Department, clearly instructing police officers regarding investigations under BNS 317 (formerly Section 411 IPC). The circular also recommended the establishment of a special Dakshata Committee.
This Vigilance Committee has been constituted by the State Government. Representatives from 36 districts of Maharashtra have been included, and in the near future, district-level committees will also be established with the support of GJC. The key objective of this initiative is to build a secure and reliable bridge between the government and trade bodies, ensuring the safety of jewellers and extending full support to honest business practices.
GJC expresses its sincere gratitude to Hon’ble Chief Minister Shri Devendra Fadnavis for this visionary step. The Council also acknowledges the special efforts of Hon’ble Minister of State for Home Affairs Shri Pankaj Bhoyar and Hon’ble Smt. Chitra Wagh (MLC) in making this reform a reality.

GJC Chairman, Mr. Rajesh Rokde, said:
“This decision marks a historic moment for the jewellery industry in Maharashtra. The formation of the Dakshata Committee reflects the government’s commitment to ensuring a safe business environment in a safe state. We are deeply thankful to Hon’ble Shri Devendra Fadnavis for this far-sighted reform and appreciate the tireless efforts of Hon’ble Minister of State for Home Affairs Shri Pankaj Bhoyar and Hon’ble Smt. Chitra Wagh. We congratulate all trade representatives included from various districts of Maharashtra. I urge jewellers across India to make similar efforts in their respective states so that a strong and secure national framework can be created. GJC remains committed to working hand-in-hand with the industry.”
GJC Vice Chairman, Mr. Avinash Gupta, added:
“The jewellery sector has long grappled with serious security challenges. The Maharashtra Government’s decision is indeed a revolutionary step, reflecting both sensitivity and strong commitment towards the jeweller community. This initiative will instill confidence among jewellers. We appeal to all our pan-India members to actively engage with their respective state governments for similar committees, so that a safe ecosystem for jewellery business can be built nationwide.”

| Name | District | Role |
|---|---|---|
| Shri Nitin Khandelwal | Akola | Member |
| Shri Rajesh Rokde | Nagpur | Member |
| Shri Shailesh Kharote | Akola | Member |
| Shri Sudhakar Tank | Nanded | Member |
| Shri Kiran Andilkar | Pune | Member |
| Shri Mahavir Gandhi | Solapur | Member |
| Shri Bharat Oswal | Kolhapur | Member |
| Shri Subhash Vadala (Jain) | Mumbai | Member |
| Shri Girish Devrmani | Solapur | Member |
| Shri Ajit Pendhurkar | Mumbai | Member |
| Shri Rajendra Dindorkar | Nashik | Member |
| Shri Amol Dhomne | Wardha | Member |
As the national apex body, GJC also invites all state heads across India to replicate such initiatives in their respective states. GJC will extend full support and is preparing a detailed national Plan of Action to help implement this framework across India.
National News
Gold and Silver Prices Drop Post-Dussehra On Stronger US Dollar
Precious Metals Dip On Strengthening US Dollar, Persistent Global Inflation Concerns, and Shifting Interest Rate Expectations —
Gold and silver prices opened lower on the Multi Commodity Exchange (MCX) on Wednesday following the Dussehra festival, pulled down by a strengthening US dollar, persistent global inflation concerns, and shifting interest rate expectations from the US Federal Reserve.
Gold futures fell by Rs 223 to trade at Rs 1,46,296 per 10 grams on the MCX, mirroring weak sentiment across overseas bullion markets. Silver experienced a sharper decline, tumbling by Rs 1,373 to trade at Rs 2,10,112 per kilogram.
Market Summary
Gold (MCX): Down Rs 223 at Rs 1,46,296 per 10 grams.Silver (MCX): Down Rs 1,373 at Rs 2,10,112 per kilogram.
Global Benchmark: Both metals traded weaker across international exchanges as the US dollar gained strength.
Primary Drivers: A firm US dollar index, sticky global inflation concerns, and hawkish signals surrounding the US Federal Reserve’s rate trajectory continue to exert downward pressure on precious metal valuations post-festive demand.
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