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 Edge Higher, Comex Gold Moves To $23.30 To Reach $4,113.80/oz
The Uptick Reflects Cautious Optimism Among Global Traders Following Diplomatic Signals That Washington and Tehran May Be Nearing A Resolution Regarding Key Maritime Passages
Gold and silver prices pushed higher Tuesday as commodity investors calibrated market expectations around U.S.-Iran diplomatic discussions and the prospect of reopening the strategic Strait of Hormuz.
On the Comex division of the New York Mercantile Exchange, gold futures rose $23.30, or 0.6%, to trade near $4,113.80 per ounce. Silver futures picked up $1.03 to settle near $58.88 per ounce.
The momentum spilled into Asian markets. On India’s Multi Commodity Exchange (MCX), benchmark October gold contracts climbed Rs 644 from the previous close to open at Rs 1,43,559 per 10 grams, eventually rising to Rs 1,43,607 per 10 grams during morning trade. September silver contracts on the exchange gained momentum as well, advancing Rs 2,404 to reach Rs 2,19,150 per kilogram.
In global trading on the Comex, gold rose $23.30 to reach $4,113.80 per ounce, while silver advanced $1.03 to $58.88 per ounce. Domestically on India’s MCX exchange, October gold contracts gained Rs 692 to trade at Rs 1,43,607 per 10 grams, while September silver contracts climbed Rs 2,404 to Rs 2,19,150 per kilogram.
The uptick reflects cautious optimism among global traders following diplomatic signals that Washington and Tehran may be nearing a resolution regarding key maritime passages. A potential reopening of the Strait of Hormuz—a crucial transit hub for global commodity transport—has prompted shifts in energy and precious metal risk premiums across international markets.
Despite Tuesday’s modest rebound, both metals continue to trade significantly below their high-water marks for the year. Comex gold previously touched a year-to-date peak of $5,586.20 per ounce, while silver reached $121.79 per ounce during earlier market surges.
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