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GJEPC leadership meets Hon’ble Finance Minister to discuss industry growth and key issues

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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.

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Gold, Silver In India Traded Volatile Despite Positive Sentiment

MCX Gold Held Its Ground Above Rs 1.44 Lakh Per 10 Grams

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Despite some choppy trading in India, precious metals managed to put up impressive numbers worldwide, while energy took a noticeable hit. Despite trading mildly lower in India, MCX gold held its ground above Rs 1.44 lakh per 10 grams. Meanwhile, global investors pushed Spot gold up by 1%, crossing the $4,065 per ounce mark.

MCX silver climbed nearly 0.6% to hover near Rs 2.32 lakh per 1Kg, while global Spot silver stole the show—soaring nearly 2% to reclaim a massive $60 per ounce.

It was a rough session for the energy sector. Crude prices tumbled between 1% and 2%, dragging US WTI Crude down below $68 per barrel and leaving Brent Crude struggling under $71 per barrel.

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