National News
GJEPC and Trade Opportunities seminar: fostering knowledge-sharing, collaboration, and global competitiveness
GJEPC successfully organized an insightful seminar titled “GJEPC and Trade Opportunities” for the gem and jewellery community of Zaveri Bazaar on April 11, 2025. The event was aimed at raising awareness about the Council’s various initiatives and support systems designed to boost the growth and global reach of the Indian gem and jewellery industry. The seminar drew a strong turnout, with more than 200 industry professionals in attendance, including exporters, traders, wholesalers, young entrepreneurs, and members of prominent trade bodies.
The seminar began with a welcome address by Khusboo Ranawat , Regional Chairperson , Western Region and GJEPC Regional Representative, who highlighted the Council’s ongoing efforts to empower MSMEs and exporters by providing market intelligence, financial assistance, and opportunities for international exposure. The speaker emphasized the importance of capacity building and collaboration within the sector to drive sustainable growth.
This was followed by a detailed presentation by GJEPC officials, which covered the Council’s various export facilitation services, upcoming international trade fairs and buyer-seller meets, financial support schemes, and strategic trade advantages available under agreements such as the India-UAE CEPA. The session was tailored to equip participants with practical knowledge to help them tap into global markets more effectively.
A panel discussion featuring seasoned exporters and trade consultants provided valuable insights into navigating international markets. Panelists discussed strategies for expanding into new regions, overcoming the challenges faced by small businesses, and embracing digital tools and branding to stay competitive in the evolving landscape of the jewellery trade.
The event also included an interactive Q&A session, where participants actively engaged with the speakers on topics like export registration, compliance processes, product certifications, and government funding schemes. The open dialogue fostered a spirit of learning and encouraged first-time exporters to explore new possibilities with greater confidence.
In a special felicitation ceremony, GJEPC honored three key trade bodies for their unwavering support and contribution to the growth of the industry. Mumbai Wholesale Gold Association, Jewellers Youth Forum, and Zaveri Bazaar Welfare Association were felicitated along with their respective teams for their role in strengthening the ecosystem and promoting unity among the trade community.
The seminar was extremely well-received by all attendees, who appreciated the depth of information shared and the opportunity to network with peers and industry experts. The event reinforced GJEPC’s commitment to serving as a guiding force for the Indian gem and jewellery sector by fostering knowledge-sharing, collaboration, and global competitiveness.
National News
Precious Metal Futures Continued Their Downward Momentum
Rising Crude Oil Prices and Aggressive Global Selling Push Domestic Futures Sharply Lower; MCX Silver Slips Near ₹1.93 Lakh/Kg While Gold Hits Intraday Low Of ₹1,41,806 Per 10 Grams.
Precious metal futures continued their downward momentum on Friday, October 23, 2026, driven lower by elevated international crude oil prices and persistent selling pressure across global commodity markets.
MCX Gold & Silver Highlights
Gold Futures: The October 5 Gold contract on the Multi Commodity Exchange (MCX) opened with a steep gap down of Rs 1,251 at Rs 1,42,058 per 10 grams against its previous close of Rs 1,43,309. It extended losses to touch an intraday low of Rs 1,41,806 (down 1.04%) before stabilization near Rs 1,41,894. Gold futures for February 2026 also fell 1.03% (down Rs 1,498) to Rs 1,44,437 per 10 grams across 762 lots.
Silver Futures: Silver maturing on December 4, 2026, fell sharply by 3.40% to hit an intraday low of Rs 1,92,800 per kg before recovering slightly to trade around Rs 1,93,598 per kg—down Rs 6,001 (3.01%) from its previous close of Rs 1,99,599.
MCX gold opened with a gap down near Rs 1,42,060 and is trading around Rs 1,42,450, recovering modestly from its opening low. The Rs 1,43,000–1,43,700 range, which previously acted as support, now forms immediate resistance. On the downside, support lies at Rs 1,40,000–1,41,000.
In international markets, COMEX gold dropped 0.73% to approximately $4,030.90 per troy ounce. Spot gold traded down by 0.85% ($34.31 lower) at $4,010.41 per ounce.
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