National News
GJEPC Delhi launches 3rd Batch of GJ Export Training Programme
GJEPC’s Northern Regional Office successfully launched the third batch of its training programme, “How to Start Exports of Gems and Jewellery.” Designed as a hybrid model, the programme offers one- and three-day sessions aimed at equipping aspiring exporters with practical insights into the export process.
The latest batch saw the participation of 13 students, with 6 attending online and 7 offline. Shri Antarpal Singh Sawhney, Regional Chairman (North), GJEPC, interacted personally with the participants, sharing industry experiences and motivating them to confidently embark on their export journeys.
National News
MCX Gold, Silver Dip Ahead Of US Fed Policy
Investors Await Further Details On The US-Iran Peace Deal.
Indian precious metals edged lower on Wednesday as domestic traders pulled back ahead of a pivotal Federal Reserve policy meeting and evolving geopolitical cues from a potential U.S.-Iran peace deal. On the MCX, gold for August delivery slipped below the milestone Rs. 1.53 lakh threshold, opening down 0.19% at Rs. 1,52,800 per 10 grams. By 9:05 a.m. local time, the contract had extended losses, trading down 0.24% at Rs. 1,52,720.
Silver prices displayed intraday volatility. The July contract initially opened 0.18% higher but quickly reversed course, trading down a muted 0.02% at Rs. 2,50,051 per kilogram.
The domestic slide contrasts with international spot markets, where gold futures for August delivery rose 0.2% to $4,361.10 an ounce, marking a fifth consecutive session of gains. Global bullion has found support on optimism that a U.S.-Iran diplomatic breakthrough could cool regional tensions and diminish the need for aggressive central bank tightening.
However, local market participants in India appear to be prioritizing caution, squaring off positions as they await the Fed’s interest rate trajectory and formal details of the diplomatic accord.
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