National News
Gem & Jewellery BSM 2025 :Fruitful partnerships and meaningful dialogue
GJEPCs Gem & Jewellery Buyer-Seller Meet 2025 commenced with an air of optimism and global camaraderie, setting the stage for fruitful partnerships and meaningful dialogue between Indian manufacturers and international buyers.
The event was inaugurated with a grand unveiling, paving the way for over 40 international buyers to engage in curated one-on-one business meetings with Indian jewellery manufacturers and exporters. The venue buzzed with activity as new connections were forged and long-standing business relationships were rekindled.
Among the notable international buyers. Lisi Fracchia from Spain, visiting India for the first time, expressed her delight at the overwhelming business prospects. Her experience at the BSM not only introduced her to new business avenues but also gave her the opportunity to reconnect with existing suppliers participating in the show.
Cloyette Harris Stoute, representing Alliyette, USA, is also making her maiden visit to India. Her objective of understanding India’s advanced jewellery manufacturing technology and the comprehensive supply chain process was met with great satisfaction. Deeply impressed by her interactions with exhibitors, she shared her enthusiasm about returning in the future.
On the domestic front, Hitesh Thakar, General Manager at Mohit Diamond Pvt. Ltd, reflected on the invaluable insights gained during his meetings. He noted that conversations with buyers revealed their strategic focus on brand expansion, opening up new opportunities for his company to scale their business and adapt to evolving global demand.
Priyank Shah of Walking Tree, participating as a first-time exhibitor, commended the event’s structured format. The carefully filtered buyer group enabled targeted interactions, resulting in serious inquiries from markets such as the USA, Kazakhstan, Brazil, and beyond—particularly for custom-made jewellery.
The first day concluded on a high note, with an atmosphere rich in collaboration and discovery. The meet not only reflected the strength of India’s jewellery sector but also its growing global appeal.
National News
MCX Gold and Silver Futures Dip On Dhanteras On Surging Crude Prices
Despite The Traditional Demand Boost Associated With Dhanteras, Domestic Bullion Prices Tracked Weakness In International Markets
Gold and silver futures opened sharply lower on the Multi Commodity Exchange (MCX) on Friday, driven by surging crude oil prices that have reignited global inflation concerns and boosted market expectations of a December U.S. Federal Reserve rate hike.
Despite the traditional demand boost associated with Dhanteras, domestic bullion prices tracked weakness in international markets, where spot gold dipped to $4,040 per ounce and spot silver fell to $51.42 per ounce. Further weighing on market sentiment, Goldman Sachs revised its end-2026 gold price target downward to $4,150 per ounce (from $4,650 per ounce), citing a hawkish Fed trajectory.
Key Market Highlights
MCX Gold Futures (Dec 2026): Dropped by Rs 2,300 to trade at Rs 1,41,808 per 10g.
MCX Silver Futures (Dec 2026): Fell by Rs 3,440 to trade at Rs 1,83,700 per kg.
US Fed Outlook: CME FedWatch data indicates a 71% probability of a December rate hike, reinforced by recent hawkish remarks from Federal Reserve officials.
Macro Drivers: Rising crude oil prices following international geopolitical friction have escalated inflation fears, increasing the opportunity cost of holding non-yielding precious metals ahead of the U.S. non-farm payrolls data.
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