National News
GJEPC seeks government intervention over US reciprocal tariff proposal
Top representatives of India’s gems and jewellery sector have urgently briefed Hon’ble Commerce Secretary Sunil Barthwal, IAS, on the potential repercussions of the United States’ recent notice regarding reciprocal tariffs. The delegation, led by Shaunak Parikh, Vice Chairman, GJEPC, along with Adil Kotwal, President, Seepz Gem & Jewellery Manufacturers’ Association (SGJMA), and Sabyasachi Ray, Executive Director, GJEPC, presented a detailed overview of the industry’s concerns and proposed mitigation strategies.
The briefing aimed to underscore the significant impact the proposed tariffs could have on Indian exports and the broader industry. Satya Srinivas, IRS, Additional Secretary, Ministry of Commerce (MoC), and Dnyaneshwar Patil, Development Commissioner, SEEPZ were also present to offer a comprehensive understanding of the issues at hand.
The US notice, which threatens reciprocal tariffs, has raised concerns within the Indian gems and jewellery sector, a key contributor to the nation’s export revenue. The industry leaders outlined the potential economic fallout and presented specific recommendations to safeguard interests.
National News
Bullion Prices Climb Sharply on West Asia Conflict Escalation
Volatility Stays High Pending Macro Cues
Bullion prices climbed sharply today- April 6, 2026 as West Asia conflict escalation overshadowed U.S.-Iran diplomatic signals, bolstering the dollar and capping gains even as safe-haven demand surged.
- Gold (MCX futures, 10g): +1.10% to Rs.1,51,200 (prev. close: Rs. 1,49,544)*Silver (MCX futures, 1kg): +1.15% to Rs.2,43,800 (prev. close: Rs.2,40,900)
The rally accelerated after President Trump’s comments dimmed de-escalation hopes, with crude steadying above $85/barrel. Short covering fueled the bounce, but Strait of Hormuz risks linger. Gold support at Rs. 1.49 lakh; resistance at Rs. 1.53 lakh. Volatility stays high pending macro cues.Domestic spot gold hit Rs. 1,50,800/10g; silver Rs. 2,42,000/kg. Importers eye import duty hikes amid rupee pressure.
Augmont Bullion (Apr. 6) noted that gold dropped 2.5 percent below $4,680 and Silver fell by 3.8 percent last week, while the US dollar closed above the 100-level following stronger-than-expected jobs data, reviving expectations of the Fed keeping rates higher for longer.
Bullion Prices Climb Sharply on West Asia Conflict Escalation
Gargi By PNGS Expands With Four New Stores, Marks Strong Retail Growth
KISNA Diamond & Gold Jewellery Introduces Gold Rate Protection Plan Ahead of Akshaya Tritiya, Enabling Customers To Lock Prices In Advance
Bullion Prices Climb Sharply on West Asia Conflict Escalation
Gargi By PNGS Expands With Four New Stores, Marks Strong Retail Growth
KISNA Diamond & Gold Jewellery Introduces Gold Rate Protection Plan Ahead of Akshaya Tritiya, Enabling Customers To Lock Prices In Advance
-
National News3 hours agoBullion Prices Climb Sharply on West Asia Conflict Escalation
-
New Premises5 hours agoGargi By PNGS Expands With Four New Stores, Marks Strong Retail Growth
-
National News6 hours agoKISNA Diamond & Gold Jewellery Introduces Gold Rate Protection Plan Ahead of Akshaya Tritiya, Enabling Customers To Lock Prices In Advance
-
New Premises3 days agoBlueStone-Backed Ethera Accelerates Expansion With Four New Metro Stores Across India
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.