National News
GJEPC is Title Partner of IIJS Jewellers Cricket League
GJEPC is proud to be the Title Partner of the highly anticipated IIJS-JCL (Jewellers Cricket League), which kicked off on 11Apr at the state-of-the-art Cricket Hub Ground, strategically located on the Banur-Landran Highway in Mohali. Representing GJEPC at this exciting event are esteemed officials Shamal Pote, Director along with team Pranabes Hazra and S. Madaan. Together, they will showcase the Council’s dynamic activities and promote its initiatives to a wider audience, underscoring GJEPC’s commitment to innovation and community engagement.
National News
Gold Rates In India Decline, Silver Rates Unchanged
Investors Are Cautious Over The US-Iran Peace Negotiations
Gold rates in India dropped by up to Rs 4,300 per 100 grams on May 23, while silver rates in the country were unchanged. This is after spot gold recorded its second consecutive weekly decline due to elevated crude oil prices amidst inflation woes. Crude is currently at 4-year highs, and investors are cautious in global and MCX markets over the US-Iran peace negotiations, as both countries have stalled so far.
Domestic Gold Yields: Experienced a negative variance of up to Rs 4,300 per 100 grams, marking a second consecutive weekly contraction phase. Domestic Silver Yields: Exhibited a flatline trajectory, demonstrating 0% delta day-over-day.
MCX Benchmarks (Friday Close): Gold breached its support level, dipping below the Rs 1.59 lakh threshold. Silver concluded the weekly cycle compressed below Rs 2.72 lakh per 1 kg.
Spot Market Liquidity: Spot Gold retracted by ~1%, stabilizing at a $4,516/oz. Spot Silver absorbed the brunt of the market correction, declining ~2% to settle sub-$76/oz.
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