National News
GJEPC and India Post Collaborate to Host Export Awareness Seminar in Delhi
Industry Experts Discuss Exporting Gems and Jewellery via India Post to Boost E-Commerce and Market Reach
The Gem and Jewellery Export Promotion Council (GJEPC) and India Post Delhi Circle jointly organised an export awareness seminar to promote the use of India Post for exporting gems and jewellery. The seminar, held at Meghdoot Bhawan near Jhandewalan Metro Station, attracted 65 industry members eager to explore postal services as an efficient export solution.
Key figures from the industry, including Mr. Ajay Singh Chauhan, PMG (Mails & BD), Mr. Antarpal Singh Sawhney, Regional Chairman – North, GJEPC, and Mr. Vickey Kumar, DPS (M&BD), graced the event along with other notable dignitaries.
During his welcome address, Mr. Chauhan assured participants of India Post’s commitment to providing comprehensive support and guidance for export operations. Mr. Sawhney emphasised the growing importance of e-commerce in the gems and jewellery sector, encouraging exporters to leverage digital platforms to reduce costs, extend their market reach, and operate efficiently around the clock.
A key highlight of the seminar was Mr. Vickey Kumar’s presentation on Dak Niryat Kendras (DNKs), which focused on how India Post’s postal services provide a cost-effective alternative to private courier services for exporters. Mr. Dinesh Kumar Sehgal, ME, NDHO, also conducted a live session to demonstrate the operational processes of DNKs, offering valuable insights into its functioning.
Col. Akhilesh Kumar Pandey, CPMG of Delhi Circle, recognised the unique needs of jewellery exporters and pledged to create a tailored policy through further discussions. Mr. Sanjeev Bhatia, Regional Director – North, GJEPC, also outlined several initiatives by the Council, including the IIGJ-RLC and IIGJ Delhi, aimed at further supporting the industry’s growth.
National News
MCX Gold, Silver Move North On June US Employment Report
MCX Gold Futures Reclaimed the ₹1.48 lakh Mark
MCX Gold Futures reclaimed the Rs 1.48 lakh mark, hitting an intraday high of Rs 1,48,046 per 10 grams before stabilizing around Rs 1,47,845 (up 1.43%). Spot Gold (Global) surged by 1.5% to trade at $4,185 per ounce, rapidly closing in on the $4,200 level.
MCX Silver Futures zoomed up by Rs 4,457 or 1.91% to trade near Rs 2,37,761 per kg, after touching an intraday high of Rs 2,38,216 per kg. Spot Silver (Global) climbed more than 2.3% to trade comfortably above $62 per ounce.
The primary catalyst behind the bullish reversal was the June US employment report, which indicated a cooling US economy.
Nonfarm Payrolls: The US added just 57,000 jobs in June—the lowest hiring momentum in four months—well below the market expectation of 110,000 jobs.
Unemployment Rate: The rate edged down from 4.3% to 4.2%. However, economists noted that the decline was largely due to a weaker labour force participation rate, which fell to 61.5%, rather than stronger hiring activity.
Sectoral Shifts: Professional and business services (+36,000) and healthcare (+22,000) led job gains, while the leisure and hospitality sector recorded a sharp decline of 61,000 jobs.
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