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Assam Jewellery Expo 2024 sets the stage for industry transformation

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The Assam  Jewellery  Expo 2024, held from  March 22-23, 2024, at  Ashi Apsara Banquette Hall, Paltan Bazar, Guwahati marked the first-ever B2B jewellery exhibition in the Northeast region, revolutionising the way jewellery businesses connect and thrive,marking a significant milestone in the region’s jewellery industry.

The Exhibition commenced with a prestigious ribbon-cutting ceremony, graced by esteemed dignitaries from the jewellery industry. . Ashish Pethe, Partner of Waman Hari Pethe Jewellers, along with Kranti Nagvekar, Founder of KNC Services, and Parimal Sarkar, Ram Gopal Soni, Chairman, L Gopal & Sons Jewellers inaugurated the show, symbolising a collaborative effort towards fostering growth and innovation in the jewellery sector

Following the traditional lamp lighting ceremony, Ashish Pethe was felicitated as a chief guest of the Assam Jewellery Expo and for his outstanding contributions to the jewellery industry. Subsequently, Parimal Sarkar, President of Nikhil Assam Swarna Shilpi Samithi, was also honoured for his visionary leadership and dedication to promoting excellence in the field, and the said association had helped KNC services make this exhibition a grand success.As a token of appreciation for their invaluable support, . Ashish Pethe and . Kranti Nagvekar felicitated the individuals and organisations instrumental in making the Assam B2B Jewellry Show a resounding success, exemplifying the spirit of teamwork and cooperation.

In a highlight of the event, Kishan Soni, Managing Director of Manikchand and Sons Jewellery, was recognised with the prestigious award for the Best Jewellery Showroom in the Northeast, acknowledging his commitment to excellence and customer satisfaction.Furthermore, a Lifetime Achievement Award was presented to Ram Gopal Soni, Chairman of L. Gopal and Sons Jewellers, in recognition of his remarkable contributions to the jewellery industry over the years.

Ashish Pethe, in his address, commended Ms. Kranti Nagvekar and KNC Services for spearheading the initiative to organise such a crucial event, emphasising its significance in reaching out to remote areas and fostering economic growth. He also mentioned that all smalltown manufacturers and retailers should participate and visit the exhibition; the expo is the only platform where you can get the variety, market trends, technology, and many more under one roof.

Vote of thanks given by Prasanto Kumar Roy, Secretory, Nikhil Assam Swarna Shilpi Samithi.The Assam B2B Jewellry Show was a landmark B2B exhibition, bringing together key stakeholders and industry leaders to explore new avenues for collaboration, innovation, and business expansion. The successful conclusion of the exhibition marks a new chapter in the Northeast’s jewellery industry, promising continued growth and prosperity for years to come.

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Gold and Silver Catch Their Breath After A Rough Patch AUGMONT BULLION REPORT

– Precious Metals Also Got A Lift From Softer Oil Prices, As Shipping Through The Strait Of Hormuz Kept Recovering Following The Interim US-Iran Peace Deal

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  • Price Movement – Gold and silver seem to be trying to find a bottom after months of heavy selling, damaged charts, and a macro story that keeps shifting under traders’ feet. Gold’s climb back toward $4200 and silver’s recovery above $62 both hint that demand for hard assets hasn’t gone away — it’s just been waiting for the right trigger to come back.
  • Geopolitical Tensions – Precious metals also got a lift from softer oil prices, as shipping through the Strait of Hormuz kept recovering following the interim US-Iran peace deal. Calmer waters there took some pressure off energy markets, indirectly helping bullion.
  • Macro-Economic Signals – Gold and silver eased slightly as investors waited for the Fed’s June meeting minutes, hoping for clues on new Chair Kevin Warsh’s policy thinking. Traders are now pricing in roughly a 50% chance of a September rate hike, down sharply from about two-thirds before the recent jobs report came out.

Technical Triggers  

  • Gold’s rebound from its recent low of $3,942 (~Rs 1,40,600) to $4,200 (~Rs 1,48,000) happened very quickly, so a pullback to the $4,080–4,100 range (~Rs 1,44,000) wouldn’t be surprising before the rally resumes toward $4,350 (~Rs 1,53,500). 
  • Silver could see a similar pause, dipping toward $59 (~Rs 2,30,000) before pushing higher again toward the $70–71 zone (~Rs 2,52,000).

Support and Resistance

International Gold Support Level
International Gold Resistance Level  
Domestic Gold Support Level
Domestic Gold Resistance Level
: $3960/oz
: $4250/oz
: Rs 140,000/10 gm
: Rs 150,000/10 gm
International Silver Support Level
International Silver Resistance Level
Domestic Silver Support Level
Domestic Silver Resistance Level
: $55/oz
: $65/oz  
: Rs 210,000/kg
: Rs 245,000/kg

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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