National News
GJEPC Collaborates with Delhi Customs to Streamline Jewellery Export via Personal Carriage
Follow-up meeting focuses on refining SOPs under Circular No. 09/25 – Customs to ease export processes through Delhi’s Precious Cargo Warehouse
On 15 April, a delegation from the GJEPC Northern Regional Office met with senior officials of Delhi Customs to further refine Standard Operating Procedures (SOPs) for the import and export of jewellery via personal carriage. This discussion followed an initial meeting held on 9 April and focused on the implementation of Circular No. 09/25 – Customs, dated 28 April 2025, with the goal of issuing a comprehensive public notice for the trade.
Key customs officials present included Mr. Dheeraj Rastogi, IRS, Principal Commissioner – Exports; Ms. Ashima Bansal, IRS, Commissioner – ACC Export; Mr. Vishal Pal Singh, IRS, Commissioner – Airport; Mr. Dibyalok Singh, IRS, Deputy Commissioner – ACC Shed; and Mr. Anuj Kumar Pandey, IRS, Additional Deputy Commissioner – Airport. Representing the GJEPC were Mr. Antarpal Singh Sawhney, Regional Chairman – North, and Mr. Anil Sankhwal, Convener, Studded Jewellery Panel.
The meeting primarily addressed ways to optimise the draft SOPs for hand-carried jewellery exports through the Precious Cargo Warehouse (PCW) operated by Celebi at Delhi Airport. GJEPC representatives proposed practical solutions to remove procedural bottlenecks and speed up customs clearance. Among their key requests was the establishment of a dedicated detention room for appraised parcels within the Central Warehousing Corporation (CWC) cargo shed to reduce delays and improve exporter convenience.
Customs officials, led by Mr. Rastogi, responded positively to the recommendations and assured the delegation of due consideration. They also advised GJEPC to initiate discussions with CWC for space allocation to implement the suggested changes effectively.
National News
Gold and Silver Prices Slide In Early Domestic Trading
The Price Decline Followed Reports That Iranian Foreign Minister Abbas Araqchi Met Indirectly With U.S. Envoys Steve Witkoff and Jared Kushner Via Mediators
Gold and silver prices fell in early domestic trading on Thursday, as preliminary talks between Washington and Tehran curbed safe-haven interest.
On the Multi Commodity Exchange (MCX), gold futures for October 5 delivery dipped nearly 0.12% to Rs 151,071 per 10 grams at approximately 09:05 AM IST. Silver contracts for December 4 delivery slid 0.53% to Rs 234,650 per kg.
The price decline followed reports that Iranian Foreign Minister Abbas Araqchi met indirectly with U.S. envoys Steve Witkoff and Jared Kushner via mediators on Tuesday—their first contact since a July ceasefire collapsed.
Physical retail bullion tracking mirrored the broader futures weakness:24-Karat Gold: Rs 151,101 per 10 grams, down Rs 69 (-0.11%).Silver (999 Fine): Rs 234,821 per kg, down Rs 1,165 (-0.49%). 24-carat gold stood at Rs 151,840 per 10 grams earlier in the week, with 22-carat gold at Rs 139,187 per 10 grams.
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