National News
GJSCI Signs MoU with APSSDC in Andhra Pradesh
The Gem & Jewellery Skill Council of India (GJSCI) has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh State Skill Development Corporation (APSSDC) to implement skill training programmes.
The collaboration will encompass Short-Term Training programs, upskilling modules, and Recognition of Prior Learning assessments, designed to enhance talent development in the gems and jewellery sector. Through these structured interventions, the partnership aims to equip youth and existing workers and artisans with industry-relevant competencies, expand employment opportunities, and also focus on women’s empowerment by working with SHG members.
The MoU was formally exchanged in Visakhapatnam on 14 November 2025. G. Ganesh Kumar, IAS, Managing Director & CEO, APSSDC, and Rajeev Garg, Executive Director & CEO, GJSCI, represented their respective organisations during the ceremony. The partnership reinforces a shared commitment to promoting high-quality skill development, enhancing the state’s skill ecosystem, and supporting economic growth through specialised training and skill upgradation initiatives.
Andhra Pradesh has a long tradition of both gold jewellery and imitation jewellery manufacturing and retail. Districts like Mangalagiri have an old gold jewellery cluster, and the present Government is working towards establishing a jewellery park there.
The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary- IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.
Some salient points made by the panelists:
- Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
- Till the banking system doesn’t collapse, gold price will continue to rise
- Jewellers were advised to use a mix of futures and options for risk mitigation
- Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
- Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.
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