International News
DIMAE 2025 Inaugurated with Grandeur – A Dazzling Start to the Region’s Premier Jewellery Machinery & Allied Showcase.
The Dubai International Machinery & Allied Expo (DIMAE 2025) opened its doors today with a spectacular inauguration ceremony, marking the beginning of one of the region’s most prestigious B2B Jewellery Machinery B2B Exhibition.
The exhibition was officially inaugurated by Mr. Chandu Siroya, Vice Chairman of the Dubai Jewellery Group and Managing Director of Siroya Jewellers LLC. who delivered an inspiring keynote address highlighting the transformative evolution of the global jewellery industry and the growing opportunities within the Middle East.
The opening ceremony was further graced by the presence of distinguished Guests of Honour, including:
- Mr. Ali Saleh Batrfi Alkindi, General Manager, Jeddah Gate Company for Gold, Saudi Arabia
- Mr. Binmahfooz Saleh Mohammed, Chairman, Alkindi, Saudi Arabia
- Mr. Ramesh Vora, Chairman, Bafleh Jewellery LLC, Dubai
- Mr. Ketan Jatakia, Committee Member, JMA Forum.
Their presence underscored the deep-rooted commitment to excellence and collaboration across the regional and international Jewellery & Machinery sectors. Featuring a diverse group of global exhibitors, DIMAE 2025 showcases cutting-edge technologies, innovations in jewellery machinery manufacturing. The exhibition serves as a strategic platform for industry networking, sourcing, and knowledge exchange.
DIMAE 2025 is ready to be a landmark exhibition, bridging tradition and innovation while setting new benchmarks in the Jewellery making machinery trade.
- Around $3728 (~Rs 110,300) for gold futures and $43.23 (~Rs 129,7000) for silver, both markets were trading close to a record high ahead of the US FED’s two-day policy meeting that begins today.
- The Fed is expected to cut interest rates by 25 basis points on Wednesday, the first since December, and markets are almost certain that the easing cycle will continue into the following year. Recap: Despite the president’s dismissal, the federal appeals court permits Lisa Cook to remain as a Fed gov and take part in the FOMC meeting beginning tomorrow.
- For clues about the direction of future policy, all eyes will be on the Fed’s quarterly Summary of Economic Projections, which includes the much-awaited dot plot, and Chair Jerome Powell’s press conference. Regarding the data, reports on industrial production and retail sales that are anticipated later today will be closely examined to gain more understanding of how strong the economy is.
Technical Triggers
- Gold Dec Futures has given a breakout above $3700 (~Rs 110,000), the next target would be $3800 (~Rs 113,500). If prices top out and fall below $3650 (~Rs 108,500), then only we could see further profit booking.
- Silver Nov Future prices have given a breakout above its consolidation range of $41 (~Rs 123,000) and $42 (~Rs 126,000) for the past few days and achieved the target of $43. This rally has more room for upside towards $45 (~Rs 140,000)
Support and Resistance
| Commodity | Market | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $3650/oz | $3800/oz |
| Indian | ₹108,500/10 gm | ₹113,500/10 gm | |
| Silver | International | $42.5/oz | $45/oz |
| Indian | ₹127,000/kg | ₹140,000/kg |
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