International News
Dr. Tariq Thomas, Director, DoC, Visits IJEX, commends industry engagement
The launch brings ethically sourced, traceable diamonds to retail stores, offering consumers immersive experiences and personalized stories behind each stone.
Dr. Tariq Thomas, IAS, Director, Department of Commerce, visited IJEX Dubai, a project of GJEPC, and engaged with exhibitors to understand how the platform is supporting Indian companies in international markets. He described the visit as an encouraging experience and noted that IJEX is providing exporters a structured environment to showcase capabilities and build connections with buyers across the region.
Dr. Thomas interacted with several participants, including Diz Luxe Jewellery of Rajkot, Yug by Tanvi Exports of Mumbai, Jewelounge of New Delhi, Diviyansh of Kolkata and Loyal Sting RFID, the first Allied Services exhibitor at the centre. Many companies shared that IJEX has helped them gain visibility, reach new clients and assess demand patterns more accurately. Dr. Thomas acknowledged this feedback and appreciated GJEPC’s commitment to strengthening export readiness through consistent industry engagement.
Dr. Thomas toured the local market, where he met BHIMA Jewellers. The interaction offered insights into consumer behaviour, product preferences and overall retail sentiment in the region.
The impact of IJEX has been evident in the growing number of exporters who now rely on the platform to showcase their strengths, expand their networks, and tap new business opportunities. For the industry, it has become a steady base that shortens the distance between manufacturers and buyers, supports smaller players, and strengthens India’s position as a preferred sourcing destination.
International News
Precious Metals Surge On Ceasefire Optimism AUGMONT BULLION REPORT
Geopolitical Optimism and Macro Shifts Drive Bullish Momentum
Safe-Haven Dynamics – Gold is expected to gain 1% and Silver 4% this week, marking a fourth straight weekly increase. This rise is driven by improving prospects of a permanent US-Iran ceasefire, which has reduced inflation concerns and lowered expectations of further central bank rate hikes.
- Geopolitical Developments– President Trump stated that Iran has agreed to key conditions: abandoning its nuclear weapons program, providing “free oil,” and keeping the Strait of Hormuz open. However, Iranian officials have not yet confirmed these terms. Separately, Israel’s cabinet convened on Wednesday to evaluate a potential ceasefire in Lebanon, over six weeks into its ongoing conflict with Iran-backed Hezbollah.
- Macro-economic Signals – Oil prices have dropped sharply on optimism surrounding a possible Iran deal, easing inflationary pressure, and reducing rate hike expectations. US traders currently assign a 29% probability to a 25-basis-point rate cut this year – a significant downward revision from earlier forecasts of two cuts before the conflict began.
Technical Triggers
- If Gold sustains above $4,850 (~ Rs. 1,55,000), the next upside resistance would be $5,000 (~ Rs. 1,60,000).
- As suggested earlier, Silver has given a breakout above $76.50 (~ Rs. 2,44,000), the next resistance would be $82 (~ Rs. 2,57,000) and $87 (~ Rs. 2,65,000) on continued strength.
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $4600/oz : $5000/oz : Rs 153,000/10 gm : Rs 160,000/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $70/oz : $82/oz : Rs 225,000/kg : Rs 257,000/kg |
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