National News
GJEPC leadership meets Hon’ble Finance Minister to discuss industry growth and key issues
The leadership of the GJEPC met with the Hon’ble Finance Minister, Smt. Nirmala Sitharaman, to discuss pressing issues and the way forward for the gem and jewellery industry. Kirit Bhansali, Chairman, GJEPC, and Shaunak Parekh, Vice Chairman, GJEPC, along with Sabyasachi Ray, Executive Director, GJEPC, engaged in a courtesy meeting with the Hon’ble Minister, highlighting key challenges faced by the industry.
The discussions focused on the inclusion of India Jewellery Park, Mumbai in the harmonised infrastructure list to accelerate industry growth. The leadership also extended an invitation to the Hon’ble Minister to visit the Indian Institute of Gems & Jewellery (IIGJ) Udupi, showcasing the industry’s commitment to skill development and employment generation.
National News
Market Sentiment Is Bullish, Gold Price Dip Offers Relief To Dhanteras Shoppers
Gold and Silver Continue To Command Top Priority For Indian Households, Driven By Tradition, Investment Sentiment, and The Upcoming Wedding Season.
As Dhanteras approaches on November 6, gold and silver continue to command top priority for Indian households, driven by tradition, investment sentiment, and the upcoming wedding season.
Despite 24K gold surging nearly 19% year-on-year—from Rs 1,21,470 per 10 grams last year to approximately Rs 1,44,288 per 10 grams today—consumer demand remains remarkably resilient.
Even with a sharp price correction in precious metals just days before Dhanteras—including a nearly 3% drop in silver futures on November 3—market sentiment remains strongly bullish. The price dip has offered timely relief to shoppers, encouraging buyers to finalize their festive purchases.
Key Consumer & Market Trends This Dhanteras
Gold Coins & Bars Lead Sales: Strong investment sentiment and traditional gifting continue to propel heavy demand for high-purity bullion.
Lightweight Jewellery Gains Traction: Overlapping with the wedding season, hallmarked lightweight gold jewellery is seeing high interest from buyers looking to balance style with budgets.
Younger Buyers Drive Silver Demand: Silver coins and silver ornaments are experiencing elevated popularity among millennials and Gen Z buyers.
Advance Bookings Peak: To beat the auspicious day’s heavy rush and lock in favorable prices, families are increasingly using advance booking options, providing an early boost to overall festive retail volume.
While consumers balance raw metal spot prices against making charges, GST, and digital gold alternatives, the fundamental sentiment around Dhanteras purchasing remains intact. Whether for long-term wealth preservation or auspicious tradition, gold and silver remain the ultimate festive acquisition.
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