National News
GJEPC felicitates Piyush Goyal, Jitin Prasada on successful completion of the India–USA Interim Agreement
GJEPC felicitated Hon’ble Commerce & Industry Minister Piyush Goyal and MoS Jitin Prasada in New Delhi today (11 Feb 2026) on the successful completion of the India–USA Interim Agreement. Conversations were directed toward scaling exports and fortifying India’s gem & jewellery trade landscape.
The delegation was led by Kirit Bhansali, Chairman, GJEPC and included Anoop Mehta, Convener, Diamond Panel; Mital Doshi, Convener, Banking, Insurance & Taxation; Antarpal Singh Sawhney, Regional Chairman, Northern Region; and K.K. Duggal, Director, Policy.
Prominent trade members present included Govind Dholakia, MP, Rajya Sabha & SRK; Alkesh Shah, Goldstar Jewellery; and Milan Parikh, Mahendra Brothers.
Kirit Bhansali , Chairman GJEPC said, ” Honoured to felicitate Hon’ble CIM Piyush Goyal ji & MoS  Jitin Prasada ji with the GJEPC delegation.Grateful for your leadership in securing zero-duty on Indian diamonds & steep tariff reduction on jewellery in the US market. A game-changer for our Exporters and MSMEs.India’s G&J sector shines brighter now. Tha nk you for always backing this sector & ‘Made in India’.”
Source :GJEPC
In a historic shift for the Indian mutual fund industry, January 2026 witnessed net inflows into precious metal Exchange Traded Funds (ETFs) surpassing equity fund inflows for the first time. Driven by record-breaking rallies in gold and silver, investors pivoted toward “safe-haven” assets amid heightened equity market volatility.
Comparative Inflow Analysis
The month was characterized by a distinct “performance-chasing” trend. Despite robust Systematic Investment Plan (SIP) contributions, equity schemes trailed behind the surge in metal-backed instruments.
| Asset Class | Net Inflow (Jan 2026) | Key Driver |
| Gold & Silver ETFs | ₹33,000 Crore | Unprecedented price appreciation |
| Equity Schemes | ₹24,029 Crore | Market volatility; downward bias |
| Total SIP Contribution | ₹31,002 Crore | Record high; stable growth |
Note: Total Industry AUM has now surpassed the Rs.81 lakh crore milestone.
Commodity Price Dynamics
The surge in inflows correlates directly with extreme price movements on both global (COMEX) and domestic markets during the December 31 – January 29 period.
- Gold: Rallied 23% to an all-time high of $5,586/oz before a late-month correction. Domestically, prices peaked near Rs.2 lakh per 10 grams.
- Silver: Experienced a spectacular 60% climb, peaking at $121/oz before stabilizing at $84/oz. Domestic prices reached Rs.4 lakh per kg, exacerbated by a depreciating Rupee.
Asset Management & Concentration
The bulk of the metal-centric capital was directed toward Gold ETFs, though Silver ETFs maintained a significant secondary share.
- Gold ETF Inflows: Rs.24,040 Crore
- Silver ETF Inflows: Rs.9,000 Crore
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