National News
GJEPC Organises Parichay Card Camp in Ranaghat
Initiative draws strong artisan participation, boosting identity and welfare access
The GJEPC held a Parichay Card camp on 10th December in Ranaghat, Nadia District, West Bengal, garnering an enthusiastic response from local manufacturers and artisans.
Pankaj Parekh, Regional Chairman – East, highlighted how the Parichay Card enhances artisan identity, enables smoother access to welfare schemes, and strengthens their connection with the organised jewellery sector. Eastern Regional Committee Member Suvankar Sen encouraged artisans to make full use of the benefits offered through the initiative.
The well-attended camp aimed to empower the workforce by improving formal recognition, welfare support, and industry integration.
The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary- IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.
Some salient points made by the panelists:
- Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
- Till the banking system doesn’t collapse, gold price will continue to rise
- Jewellers were advised to use a mix of futures and options for risk mitigation
- Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
- Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.
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