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.
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 Declines, Silver Crashes By Rs. 6,000/kg
The Sharp Sell-Off Comes On The Heels Of A Hawkish Stance By The US Federal Reserve, Fueling Expectations Of Prolonged High Interest Rates.
Indian bullion markets witnessed a massive correction today as gold and silver prices tumbled under heavy global pressure. Domestic 24K gold rates slipped toward the Rs. 1.47 lakh per 10 grams mark on the Multi Commodity Exchange (MCX), while silver suffered a brutal meltdown, crashing by nearly Rs. 6,000 per kilogram.
The sharp sell-off comes on the heels of a hawkish stance by the US Federal Reserve, fueling expectations of prolonged high interest rates. A surging US Dollar Index coupled with geopolitical anxieties—including a lingering US-Iran blockade and persistent global inflation fears—dragged international spot gold down to $4,151.89 per ounce, triggering a ripple effect across Indian retail hubs.
MCX Gold (10g): Rs. 1,47,175 (Down 1.4% intraday)
- Silver Crash: Shed a staggering ~Rs. 6,000 per kg in a single session.
- Primary Triggers: Persistent hawkish Fed commentary, a robust US dollar, and profit booking at higher levels
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