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, Silver Decline as US-Iran Talks Fail
Dip Marks a Near One-Week Low for Gold, Which Had Moved Towards Record Territory as the “Safe-Haven” Asset
On the MCX, gold futures slid below the psychologically significant threshold of Rs. 1.52 lakh per 10 grams, erasing a portion of the gains made during a brief window of optimism. Silver, often more volatile than its yellow counterpart, saw a more pronounced retreat, with prices slipping 2 percent to trade near Rs. 2.40 lakh per kilogram. Gold prices in the international market fell to a near one-week low. Spot gold price declined 1.1% to $4,694.30 per ounce, its lowest level since April 7. US gold futures for June delivery fell 1.4% to $4,717.80 an ounce. Spot silver fell 1.9% to $74.45 per ounce.
The glimmer of a diplomatic breakthrough in the Middle East faded on Monday, sending shockwaves through global commodity markets as gold and silver prices tumbled from recent highs. The reversal followed the collapse of weekend peace talks in Islamabad. Negotiators had hoped to formalize a ceasefire between the United States and Iran, a move that would have de-escalated a conflict that has defined the first quarter of 2026. Instead, the failure of the dialogue has re-ignited fears of a prolonged blockade in the Strait of Hormuz, sending crude oil prices higher and forcing investors to recalibrate their portfolios.
- MCX Price Drop: Gold futures fell below the critical Rs. 1.52 lakh per 10 grams mark, while Silver saw a sharper 2% decline, trading near Rs. 2.40 lakh per kg.
- International Benchmarks: Spot gold hit a one-week low of $4,694.30 per ounce, marking a 1.1% dip, while spot silver dropped 1.9% to $74.45.
- Diplomatic Deadlock: The failure of weekend negotiations in Islamabad has reignited fears of a prolonged conflict and a potential blockade of the Strait of Hormuz.
- The Dollar Factor: A surging U.S. dollar, bolstered by its “safe-haven” status, has made gold more expensive for international buyers, further dampening global demand.
- Inflationary Pressure: Rising energy costs and the prospect of sticky inflation are leading traders to believe the Federal Reserve will maintain higher interest rates for longer.
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