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
Gold and Silver Futures Open Higher Amid Volatility In Currency and Bond Markets.
Strong Investment Demand and Continued Gold Buying By Central Banks, Especially China’s Central Bank, Further Supported Prices.
Gold and silver futures opened higher on Friday as investors turned to safe-haven assets amid volatility in currency and bond markets.
Gold futures opened higher on MCX. The benchmark October gold contract opened at Rs 1,60,630 per 10 gram, up Rs 1,205 from the previous close of Rs 1,59,425.
Silver futures also opened higher. The benchmark September silver contract on MCX opened at Rs 2,44,988 per kg, up Rs 1,745 from the previous close of Rs 2,43,243.
Rising crude oil prices, following the US move to impose wider sanctions on Iran, also raised concerns about inflation. Strong investment demand and continued gold buying by central banks, especially China’s central bank, further supported prices.
In global markets, gold was trading near $4,590 per ounce on Comex, while silver was around $69 per ounce. On MCX, gold futures were near Rs 1,59,700 per 10 grams and silver futures around Rs 2,44,600 per kg at the time of writing.
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