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GJEPC and Trade Opportunities seminar: fostering knowledge-sharing, collaboration, and global competitiveness

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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.

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National News

Gold, Silver Prices Edge Lower On MCX On Prospect Of Prolonged High Interest Rates From The U.S. Fed

MCX Gold August Futures Traded Near ₹1.59 Lakh Per 10 Grams, While Silver Futures Hovered Around ₹2.64 Lakh Per Kilogram

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Gold and silver prices edged lower on the Multi Commodity Exchange (MCX) Wednesday, as the prospect of prolonged high interest rates from the U.S. Federal Reserve countered safe-haven demand stoked by escalating geopolitical tensions in West Asia.

MCX Gold August futures traded near Rs. 1.59 lakh per 10 grams, while silver futures hovered around Rs. 2.64 lakh per kilogram. In physical markets, 24-carat gold quoted at roughly Rs. 1.56 lakh per 10 grams.

The bullion market is currently caught in a sharp macroeconomic crosscurrent:

  • The Bearish Drag: U.S. job openings unexpectedly surged in April, signaling economic resilience. This stronger data reinforced expectations that the Federal Reserve will maintain its “higher-for-longer” interest-rate stance, dulling the appeal of non-yielding assets like gold.
  • The Geopolitical Floor: Crises in West Asia—specifically involving Israel, Iran, and U.S. forces near the critical Strait of Hormuz shipping lane—continue to support safe-haven buying. This tension, paired with Brent crude oil hovering near $96 per barrel, has stoked fresh global inflation fears.

Historically, high inflation acts as a tailwind for gold. However, analysts note that the current environment is unique: the threat of crude-driven inflation is being interpreted by the market as a reason for the Fed to defer rate cuts, ultimately capping gold’s upside.

MCX gold has pulled back nearly 4% over the past two weeks, pressured by a strengthening U.S. dollar, However, the August contract continues to hold crucial technical support above Rs. 1.57 lakh per 10 grams.

Silver has shown greater relative resilience, trading firmly within a broad range of Rs. 2.61 lakh to Rs. 2.77 lakh per kilogram, keeping the gold-to-silver ratio near the 59–60 mark.

The Bottom Line: Bullion is likely to remain tightly range-bound in the immediate term. Traders are looking ahead to a cluster of major U.S. macroeconomic indicators this week—including the ADP employment report, ISM Services PMI, and Friday’s pivotal non-farm payrolls data—to provide the next decisive directional cue.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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