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
Precious Metals Ease On Resurgent U.S. Dollar, Shift In Geopolitical Sentiment
Any Breakthrough In Regional Tensions Could Further Alleviate The “Risk Premium” Currently Baked Into Metal Prices
Precious metals eased on Wednesday as a resurgent U.S. dollar and a shift in geopolitical sentiment dampened demand for safe-haven assets.
Gold futures on the Multi Commodity Exchange (MCX) for June delivery opened at Rs. 1,54,757 per 10 grams, sliding from a previous close of Rs. 1,54,817. The contract hit an intraday low of Rs. 1,54,404, down 0.26%, as investors weighed the impact of potential peace talks between Washington and Tehran.
The slight retreat in bullion prices is primarily attributed to the Greenback’s recovery. A stronger dollar makes dollar-denominated gold more expensive for holders of other currencies, typically stifling demand.
While silver futures initially bucked the trend by opening higher at Rs. 2,54,343, the white metal succumbed to profit-booking, tumbling to an intraday low of Rs. 2,51,610—a 0.45% decline. In the international market, COMEX gold hovered near $4,837.3 per troy ounce.
With the August gold contract also trading lower at Rs. 1,54,725, market participants are keeping a close watch on U.S. diplomatic efforts. Any breakthrough in regional tensions could further alleviate the “risk premium” currently baked into metal prices.
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