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GJEPC is Title Partner  of IIJS Jewellers Cricket League

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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.

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Precious Metals Soar, Oil Plunges On US-Iran Peace Deal

Global Concerns Regarding The Energy Crisis, Inflationary Pressures, and Aggressive Rate Hike Trajectories Have Significantly Eased.

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A confirmed peace agreement between the US and Iran has triggered massive waves across global markets, easing energy crisis fears and altering the global economic outlook ahead of major central bank meetings. Driven by strong global bullish sentiment, gold and silver hit massive milestones on the MCX and spot markets: MCX Gold: Up 2% (~Rs 2,300), nearing the Rs 1.54 lakh mark. MCX Silver: Outperforming with a 3% upside (~Rs 6,000), crossing Rs 2.53 lakh. US Spot Gold: Surged over 2.5% to trade above $4,300/oz. Spot Silver: Zoomed over 4% to trade above $70.5/oz.

Oil prices nosedived following President Trump’s announcement that a US blockade on Iranian ports would be lifted, allowing Persian Gulf shipments to resume soon.

  • Brent Crude: Dropped 5% to $83/bbl as the Strait of Hormuz prepares to reopen.
  • US WTI Crude: Slipped 6% to trade around $80/bbl.
  • MCX Crude: Crashed by 5.5%.
  • The Accord: The formal treaty to end the conflict (active since late February) is scheduled to be signed in Switzerland on June 19. It includes blockades being lifted, sanctions relief for Iran, and the dismantling of Tehran’s nuclear program.
  • Macro Relief: Global concerns regarding the energy crisis, inflationary pressures, and aggressive rate hike trajectories have significantly eased.
  • Central Bank Watch:
    • US Fed: Holding its first policy meeting under new chair Kevin Warsh this week; rates are widely expected to remain unchanged.
    • Bank of Japan: Expected to buck the trend and raise rates to support the Yen.
    • Reserve Bank of Australia: Expected to hold policy steady.

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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.

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