International News
GJEPC hosts inaugural Exporter Mentorship Induction at IJEX Dubai
The GJEPC’s Statistics and Research division, in collaboration with the IJEX Dubai team, successfully hosted the first-ever three-week induction under the Exporter Mentorship Program (EMP) at the India Jewellery Exposition Centre (IJEX) in Dubai. Designed to empower Indian jewellery exporters keen on tapping the UAE market, the programme offered a comprehensive deep-dive into every aspect of international trade and business development.
Participants received end-to-end guidance covering export documentation, regulatory and compliance training, operational procedures, and product positioning strategies. The programme also included tailored sessions on market trends, pricing grids for diamond and gold jewellery, and the importance of selecting designs that align with local consumer preferences.
To provide a well-rounded perspective, the exporters were taken on market visits, lab tours, and manufacturing site visits. The experience extended beyond theory with live market engagement, allowing participants to interact directly with regional buyers and retailers from the Middle East and beyond.
A major highlight of the induction was the one-on-one mentorship, where each exporter worked with an expert to refine their business strategy and market entry roadmap. The exposure to IJEX’s robust ecosystem offered participants a unique platform to enhance visibility, build new business relationships, and understand how to scale sustainably in the region.
The feedback was overwhelmingly positive, with many participants calling it an eye-opener and a one-of-a-kind opportunity to gain real-world insights into the UAE jewellery market.
International News
MCX Gold, Silver Rise Despite Global Weakness; US Data, Iran Tensions Keep Bullion Markets On Edge
While Domestic Gold and Silver Prices Edged Higher On MCX, International Spot Gold Slipped Amid Uncertainty Over US-Iran Negotiations, Inflation Concerns
Gold and silver prices witnessed mixed momentum on May 28, with domestic futures on the Multi Commodity Exchange (MCX) trading marginally higher even as international spot gold prices remained under pressure. The divergence reflects cautious investor sentiment amid ongoing geopolitical tensions, uncertainty surrounding US-Iran peace negotiations, and expectations of tighter monetary policy in the United States.
MCX gold futures for June delivery rose modestly by Rs. 215 to Rs. 1,57,898 per 10 grams, while silver futures for July delivery gained Rs. 2,000 to trade at Rs. 2,72,628 per kilogram in early trade. The domestic uptick was supported by weakness in the US dollar and cautious positioning ahead of key macroeconomic developments.
However, global spot gold prices extended losses for a second consecutive session as investors remained wary of the inflationary impact of elevated energy prices and the possibility of prolonged geopolitical instability in the Middle East. Analysts noted that fading hopes of a near-term diplomatic breakthrough between the US and Iran have revived concerns around oil supply disruptions, higher crude prices, and inflation risks — factors that continue to influence precious metals.
According to market experts, gold has struggled to regain strong upside momentum despite its safe-haven appeal, as rising US bond yields and a firmer dollar have reduced investor appetite for non-yielding assets like bullion. Silver, meanwhile, remained under pressure globally after recent military developments in southern Iran weakened expectations of an immediate resolution to regional tensions.
Investors are now closely watching key US macroeconomic indicators, including ADP employment figures, GDP growth data, and the Personal Consumption Expenditures (PCE) inflation index — the Federal Reserve’s preferred inflation gauge. These data points are expected to offer fresh direction on the Fed’s interest rate trajectory, which remains a crucial driver for gold and silver prices.
With geopolitical risks still elevated and inflation concerns persisting, bullion markets are expected to remain volatile in the near term as traders await clearer signals on both diplomacy and monetary policy.
-
National News10 hours agoGJC Delegation Meets RBI Deputy Governor, Makes GMS Presentation
-
BrandBuzz10 hours agoPuducherry CM, Raashi Khanna Inaugurate Challani Jewellery Mart Flagship Showroom In Puducherry
-
New Premises13 hours agoMarli New York Unveils Madison Avenue Flagship Boutique
-
National News14 hours agoFather’s Day Gift Guide – Reia Diamonds: Timeless Diamonds For The Man Who’s Always Been Your Constant
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.