National News
GJEPC & IIBX Deepen Bullion Import Awareness With Outreach Sessions In Ratlam & Indore
Programmes held with local Sarafa associations highlighted IIBX bullion import mechanisms, TRQ benefits and export pathways for regional jewellers.
GJEPC and India International Bullion Exchange (IIBX) conducted two back-to-back outreach programmes on gold bullion procurement in Ratlam and Indore, Madhya Pradesh, in partnership with local Sarafa associations, as part of its ongoing effort to improve sourcing awareness and export readiness among MSME jewellers.
In Ratlam, the session was organised in association with the Ratlam Sarafa Association and attended by around 80 retailers. The programme was graced by Jhamak Bhargat, President; Rambabu Sharma, Secretary; and Sanjay Chajed, Treasurer of the association. Bipin Panchal, AVP, IIBX, explained the process of importing gold bullion through IIBX and outlined the operational and cost advantages available to eligible participants.

The Indore session, organised with the Sarafa Association Indore, saw participation from nearly 50 retailers and manufacturers. Panchal shared detailed insights on bullion imports under the TRQ quota, including eligibility criteria and step-by-step import procedures. The programme was attended by Basant Soni, Secretary; Kamal Kothana, Communications, and Ashok Sharma, Board Member of the association.
Across both sessions, GJEPC officials highlighted the benefits of Council membership and encouraged participants to explore export opportunities through exhibitions and digital channels. Retailers were briefed on participation in IIJS and international buyer platforms such as IJEX Dubai, SAJEX and IGJS Jaipur, alongside e-commerce enablement for market expansion.
National News
Gold & Precious Metals – A future outlook
The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary- IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.
Some salient points made by the panelists:
- Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
- Till the banking system doesn’t collapse, gold price will continue to rise


- Jewellers were advised to use a mix of futures and options for risk mitigation


- Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
- Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.
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