National News

GJEPC Showcases Export Growth Strategies and Membership Benefits at Maharashtra’s District Investment Summit

At the 2025 Summit hosted by the Directorate of Industries, GJEPC emphasized its key initiatives to boost exports, support MSMEs, and empower jewellery manufacturers across districts.

Published

1 year ago

April 18, 2025

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The Gem & Jewellery Export Promotion Council (GJEPC) actively participated in the District Investment Summit 2025, organized by the Directorate of Industries (MMR, Mumbai), Government of Maharashtra, on 16th April in Mumbai, under the theme “Attracting Investment, Promoting Growth, Empowering Districts.”

Representing GJEPC, Mr. Mithilesh Pandey, Director – Membership, presented the Council’s wide array of initiatives and services designed to empower gem and jewellery businesses, particularly MSMEs and regional manufacturers.

Mr. Pandey highlighted the core benefits of GJEPC membership, including participation in prestigious platforms like IIJS (India International Jewellery Show) and IJEX (India Jewellery Exposition Centre), along with export facilitation tools such as courier and hand-carry modes, India Post’s Dak Niryat Kendras, and e-commerce tie-ups with platforms like eBay.

He also outlined GJEPC’s efforts to make logistics more affordable through subsidised services, and detailed how members can leverage free trade agreements like CEPA (with UAE) and ECTA (with Australia) to access global markets more competitively.

In addition, Mr. Pandey spoke about business development programs such as buyer-seller meets, the IC Scheme, and Capacity Building Scheme, as well as financial support options like collateral-free loans under the India Jewellery Park Mumbai (IJPM). He further emphasized the comprehensive infrastructure solutions available to jewellery manufacturers, designed to streamline operations and enhance productivity.

The session underlined GJEPC’s commitment to supporting regional growth, empowering entrepreneurs, and making India a global leader in gem and jewellery exports.

National News

MCX Gold Prices Decline On Strengthening Dollar

The Dip Comes As Investors Weigh A Complex Geopolitical Backdrop Against The Federal Reserve’s “Higher-For-Longer” Interest Rate Stance

Published

11 hours ago

May 4, 2026

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Gold prices retreated on Monday as a strengthening dollar and persistent inflation anxieties outweighed the cautious optimism surrounding a new diplomatic overture from Tehran. Futures for the precious metal on the Multi-Commodity Exchange (MCX) slipped 0.15% to 1,51,119 rupees per 10 grams in morning trade, while silver followed suit, declining 0.08%. The dip comes as investors weigh a complex geopolitical backdrop against the Federal Reserve’s “higher-for-longer” interest rate stance, which continues to bolster the greenback.

The primary catalyst for market volatility remains the dual blockade in the Persian Gulf. While crude oil prices eased slightly on Monday, they remained supported above the $100-per-barrel mark.

The slight cooling in energy markets followed a series of posts from President Donald Trump, who announced that the U.S. Navy would begin “Project Freedom”—a humanitarian operation to escort nearly 900 commercial vessels currently stranded in the Strait of Hormuz.

For gold investors, the tug-of-war between safe-haven demand and a hawkish dollar is reaching a fever pitch. While the conflict in the Middle East provides a floor for bullion prices, the inflationary pressure of $100-plus oil is keeping the U.S. Federal Reserve on the offensive.