International News
Gems jewellery exports in April dip by 4.62 pc to USD 2037.06 millions
India’s overall gems and jewellery exports dipped by 4.62 per cent to USD 2,037.06 million in April, as compared to the same month of the previous financial year, according to the Gem and Jewellery Export Promotion Council (GJEPC) data.
The country’s total gems and jewellery exports stood at USD 2,135.7 million in the same month of the previous year, The overall export of ‘Cut and Polished’ diamonds declined by 6.12 per cent to USD 1,108.74 million in April, compared to USD 1,180.99 million in the same period a year ago.
The total shipment of gold jewellery witnessed a dip of 5.41 per cent at USD 684.51 million during the month under review, as compared to USD 723.63 million for the same period of the previous year.
Gross export of ‘Polished Lab Grown Diamonds’ in April was almost flat with a decline of 0.41 per cent at USD 110.74 million, over USD 110.29 million in the same month of FY25.
Silver jewellery exports in April too declined by 12.03 per cent at USD 38.3 million.However, exports of ‘Coloured Gemstones’ witnessed a growth of 11.95 per cent at USD 27.76 million, compared to USD 24.8 million in the same period of the previous year.
International News
Precious Metals Gain As Crude Prices Weaken
Slumping Crude Prices and A Weaker Greenback Offer Support To Gold and Silver, Even As Federal Reserve Interest-Rate Uncertainty Looms
Gold and silver prices edged higher on Monday morning, finding support in a softening U.S. dollar and a sharp retreat in global energy prices after President Donald Trump announced that Washington would enter diplomatic talks with Tehran.
The prospect of a diplomatic breakthrough in the Middle East provided immediate relief to global markets, driving crude oil benchmarks down more than 5% to trade near $83 per barrel. The decline in energy costs helped alleviate broader fears of persistent, energy-driven inflation, while the U.S. Dollar Index slipped 0.50% to 99.42—falling below the key 100 mark and making dollar-denominated bullion more attractive to international buyers.
On India’s Multi Commodity Exchange (MCX), gold futures for October delivery traded up 0.13% at Rs 1,43,557 per 10 grams during early deals. Silver futures for September delivery rose 0.40% to Rs 2,18,061 per kilogram.
The market shift follows statements from President Trump over the weekend indicating that discussions with Iranian officials would take place on Monday. While Mr. Trump set no firm deadline for an agreement, the move raised hopes for a resolution regarding the impasse over Iran’s nuclear ambitions and a potential agreement to guarantee safe passage through the vital Strait of Hormuz.
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MCX Gold, Silver Edge Higher, Comex Gold Moves To $23.30 To Reach $4,113.80/oz
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National News1 day agoMaster Chains N Jewels Files DRHP With SEBI For ₹400 Crore IPO
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National News13 hours agoMCX Gold, Silver Edge Higher, Comex Gold Moves To $23.30 To Reach $4,113.80/oz
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