National News
GJNRF Receives Prestigious Award for Outstanding Contribution to Social Consciousness
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The Gem & Jewellery National Relief Foundation (GJNRF) was honored with the “Award for Outstanding Contribution to Social Consciousness” at the World CSR Day event held at Taj Lands End, Bandra. Presented by the World CSR Congress and Awards, this accolade celebrates GJNRF’s impactful work in corporate social responsibility, sustainability, and community development. The foundation has been recognized for its tireless efforts in improving social welfare, promoting environmental sustainability, and driving positive change within the gem and jewelry industry.
GJNRF’s initiatives, ranging from education and healthcare to disaster relief, have made a lasting impact on marginalized communities and environmental preservation. This prestigious award reflects the foundation’s commitment to fostering social consciousness and creating a better future through corporate responsibility, collaborating with industry leaders, non-profits, and government bodies to create lasting, transformative change.
National News
Domestic Gold Futures Decline On Weak Spot Demand and A Stronger US Dollar
International bullion remains on track for a positive monthly close.Geopolitical tensions, safe-haven interest, and US interest-rate expectations continue to floor global prices.
Domestic gold futures dipped to Rs. 1,44,022 per 10g under pressure from weak spot demand and a stronger US dollar. In contrast, physical spot gold in Delhi’s retail market edged up by Rs. 300 to reach Rs. 1,48,300 per 10g, bolstered by fresh buying from retailers and jewellers. Meanwhile, domestic silver (inclusive of taxes) held firm and unchanged at Rs. 2,24,700 per kg, reflecting range-bound trading amid mixed market cues.
Domestic Strength vs. Futures Pressure
- Spot Demand Near Highs: Domestic physical gold hovered near record levels, getting a boost from fresh retail purchases and jeweller demand in Delhi.
- Futures Soften: MCX/Domestic futures experienced downward pressure driven by a stronger US dollar and localized spot weakness.
2. Global Bullion Dynamics
- First Monthly Gain in 5 Months: Despite mild profit-taking, international bullion remains on track for a positive monthly close.
- Core Support: Geopolitical tensions, safe-haven interest, and US interest-rate expectations continue to floor global prices.
3. Macro Headwinds: Crude Oil & US Data
- Crude Oil Rebound: Rising Brent and WTI prices revived broader inflation worries, dampening investor risk appetite for gold and capping upside potential.
- Fed Rate Triggers: Markets are sitting tight ahead of crucial US economic indicators, specifically consumer sentiment, inflation expectations, and employment cost data.
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BrandBuzz24 hours agoKalyan Jewellers Unveils Akshaya Thanga Maligai (ATM) As Its First Regional Brand; Sivakarthikeyan Named Brand Ambassador
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National News3 hours agoDomestic Gold Futures Decline On Weak Spot Demand and A Stronger US Dollar
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DiamondBuzz1 day agoGlobal Diamond Consortium Announces Agreement To Acquire Anglo American’s Stake In De Beers In Landmark $1 Billion Transaction
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