National News
BDB ‘Run for Unity’ honours Sardar Vallabhbhai Patel’s 150th Anniversary
The Bharat Diamond Bourse (BDB) witnessed hundreds of members, employees, and leaders join hands to commemorate the 150th birth anniversary of Sardar Vallabhbhai Patel on 31st October, alongside BDB’s 41st Incorporation Year and 15 years of operations at the Bandra-Kurla Complex.
The day began with a Run for Unity on the BDB campus, echoing the nationwide call by Hon’ble Prime Minister Narendra Modi to celebrate Ekta Diwas. Over a hundred participants took part in the event, honouring Sardar Patel’s vision of unity and resilience.
Board Members Kiran Gandhi, Jagdish Somani, and Saket Mehta, Convener of the BDB Sports Committee, graced the event and flagged off the run. Mehta applauded the seamless coordination by Sanjay Gupta, Maheshchandra Kaloni, and Samir Jha, and thanked the BDB Board and senior leadership for their continued guidance.
Reflecting on the occasion, Mehul Shah, Vice President, BDB, shared a heartfelt message: “Sardar Vallabhbhai Patel’s legacy is not just one of political unification, but of fostering a collective spirit. As the Bharat Diamond Bourse family, we honour his memory by continuing to build unity within our own community.”
The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary- IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.
Some salient points made by the panelists:
- Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
- Till the banking system doesn’t collapse, gold price will continue to rise
- Jewellers were advised to use a mix of futures and options for risk mitigation
- Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
- Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.
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