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GJEPC Chairman Meets New Customs Commissioner to Strengthen Trade Facilitation

Mr. Kirit Bhansali welcomes Commissioner Santosh Kumar Mishra, discussing industry challenges and reaffirming collaborative efforts for smoother gem and jewellery trade.

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The Gem & Jewellery Export Promotion Council (GJEPC) extended a warm welcome to Mr. Santosh Kumar Mishra, the newly appointed Commissioner of Customs at the Precious Cargo Customs Clearance Centre (PCCCC), during a meeting with Mr. Kirit Bhansali, Chairman of GJEPC.

During the meeting, Mr. Bhansali addressed several critical issues currently affecting exporters and importers in the gem and jewellery sector. He emphasized the need for continued support from the Customs department to ensure streamlined and efficient trade processes.

Commissioner Mishra expressed his appreciation for the constructive dialogue and assured the industry’s stakeholders of his department’s unwavering commitment to enhancing the ease of doing business. He stated, “When you flourish, we flourish, and the country flourishes,” underlining the significance of a strong, collaborative relationship between Customs and trade organizations like GJEPC.

The meeting concluded on a positive note, setting the stage for strengthened cooperation and proactive engagement to address industry concerns and enable seamless operations in India’s gem and jewellery trade ecosystem.

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National News

Gold Surges Across India As Local Demand Remains Resilient.

Spot Gold Took A 1% Breather, Dipping Below $4,030/oz.

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The Physical Boom: Retail gold rates (24k, 22k, 18k) surged by Rs 5,700 to Rs 7,700 today as local demand remains resilient.

The MCX Cool-off: Futures aren’t catching the same wave. MCX Gold fell 0.50% (trading at ~Rs 1,41,588/10g) and MCX Silver dropped 0.30% (trading near Rs 2,22,500).

 Spot gold took a 1% breather, dipping below $4,030/oz.Crude oil continues its aggressive rally (Brent creeping toward $86/bbl), while the US Dollar dropped below 101 following softer US CPI inflation data.

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