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
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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