National News
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.
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.
National News
Gold rebounds,Silver reclaims Rs 2.33 lakh mark
Global bullion markets found support and traders awaited crucial U.S. inflation data.
Indian precious metals prices turned higher, reversing part of the previous session’s steep drop as global bullion markets found support and traders awaited crucial U.S. inflation data.
Domestic spot gold prices edged up across major retail hubs. Benchmark 24-karat gold rose 120 rupees per gram to 155,510 rupees per 10 grams. In Delhi, 24-karat gold reached 155,660 rupees per 10 grams, while 22-karat gold traded at 142,700 rupees per 10 grams.
On the Multi Commodity Exchange (MCX), gold futures recovered from early session losses, recovering from an intraday low of 150,695 rupees per 10 grams to trade back near the 151,800 rupee level.
Silver contracts also bounced off intraday lows. On the MCX, silver futures rebounded to reclaim the 2.33 lakh rupees per kilogram mark after briefly dipping to 230,270 rupees. Domestic physical 999-purity silver quoted near 2.45 lakh rupees per kilogram following the volatility.
Gold rebounds,Silver reclaims Rs 2.33 lakh mark
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