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
MCX Gold, MCX Silver Prices Decline As Oil Surges On Continued Strait Of Hormuz Blockade
Maritime Blockade Continues To Serve As A Macro-Tailwind For Inflationary Pressures
In domestic trading, silver futures for May 2026 delivery dropped sharply by Rs 6,144, or 2.4 per cent, to Rs 2,42,220 per kg. Gold contracts for June 2026 delivery also declined, slipping Rs 938, or 0.7 per cent, to Rs 1,51,719 per 10 grams. This came after the previous session, where silver had surged nearly 2 per cent, or around Rs 4,000, while gold closed largely unchanged.
The precious metals vertical is currently navigating a period of heightened beta, characterised by significant price retracement in the MCX Gold and Silver indices. This downward pressure is primarily catalysed by a bullish surge in energy benchmarks, precipitated by the ongoing logistical constraints within the Strait of Hormuz corridor.
As the global risk landscape remains fluid, stakeholders must monitor the US-Iran geopolitical nexus. While the administration has signalled a temporary cessation of kinetic escalations, the persistent maritime blockade continues to serve as a macro-tailwind for inflationary pressures, complicating the valuation outlook for non-yielding assets.
The trajectory of precious metals is intrinsically linked to the Federal Reserve’s hawkish-to-dovish recalibration. Market participants are currently price-adjusting for a “Higher for Longer” interest rate environment:
- Fed Chair Succession: The potential onboarding of Kevin Warsh is viewed as a pivotal “X-factor,” likely to dictate the velocity of future quantitative tightening or easing cycles.
- Rate Cut Deceleration: Consensus data from recent economic surveys indicate a significant pushback of the easing cycle. The probability of a 25-basis-point adjustment in December has been diluted to 23%, down from 28% WoW.
- The Yield-Bullion Inverse Correlation: In an environment where energy-driven inflation persists, the Federal Reserve may opt for monetary stasis, increasing the opportunity cost of holding bullion versus interest-bearing instruments.
-
DiamondBuzz9 minutes agoBotswana At 60: Diamond Leadership Takes Its Place On The World Stage
-
National News20 hours agoKISNA Diamond and Gold Jewellery Crosses 150 Exclusive Showrooms On Akshaya Tritiya; Sets Sights On 200 By Diwali 2026
-
International News19 hours agoGeopolitical Ceasefire and Fed Signals Shape Gold and Silver Outlook AUGMONT BULLION REPORT
-
National News18 hours agoIndian Diamond Jewellery Market Is Second-Largest Market Globally: 2025 De Beers India Diamond Acquisition Study


