National News
Gold and Silver Decline As Crude Surges
Domestic Gold and Silver Markets Saw Heavy Selling Pressure On Friday
Commodities and currency markets experienced high volatility today as investors weighed a complex mix of escalating Middle East tensions, ongoing peace talks, and uncertain U.S. monetary policy.
Despite a dramatic two-day exchange of missile strikes between the U.S. and Iran in the strategic Strait of Hormuz—which severely slowed shipping traffic—both nations have signaled a willingness to continue diplomatic negotiations. However, the temporary threat to energy infrastructure has kept the broader markets on edge.
Domestic gold and silver markets saw heavy selling pressure on Friday, driven by cooling safe-haven demand as investors bet on continued U.S.-Iran diplomacy.
MCX Gold: The domestic benchmark dropped sharply by over Rs.1,030, settling near Rs.1,44,270 per 10 grams. Analysts note that gold is facing immediate support in the Rs.1,43,000–Rs.1,44,000 range, with technical resistance holding at Rs.1,45,000–Rs.1,45,500.
MCX Silver:Â Silver underperformed the broader bullion sector, crashing by 1.5% (a drop of over Rs.3,300) to trade around Rs.2,23,050 per kg.
Global Spot Markets: International markets showed a distinct decoupling. While Spot Gold edged slightly lower to $4,118 per ounce, Spot Silver defied the domestic trend, gaining nearly 1% to trade above $60 per ounce.
National News
GJEPC’s Lucknow Retailers’ Connect Sees Enthusiastic Response, Boosting Participation In IIJS Bharat Premiere 2026
The Retailers’ Connect Programme Forms Part Of GJEPC’s Nationwide Outreach Campaign To Increase Retailer Participation At IIJS Bharat Premiere 2026
GJEPC successfully hosted the Retailers’ Connect in Lucknow, UP, drawing more than 150 retailers and industry members for an interactive session focused on expanding business opportunities and boosting participation in IIJS Bharat Premiere 2026.
The event highlighted the benefits of attending IIJS Bharat Premiere 2026, scheduled to be held in Mumbai this August, as a platform for sourcing, networking and exploring new business opportunities.
The keynote presentation was delivered by Shivangi Singh, Deputy Commissioner, Uttar Pradesh Export Promotion Council, who outlined the state’s export promotion initiatives, including the Market Development Assistance (MDA) scheme. She also encouraged participants to visit IIJS Bharat Premiere 2026 and the Common Facility Centre in Mumbai to explore international market opportunities and strengthen their export capabilities.
Participants also gained insights from Mithilesh Pandey, Senior Director – Membership, MSME, GJEPC, and Naheed Sunke, Assistant Director, GJEPC, who highlighted the Council’s initiatives to support retailers, manufacturers and aspiring exporters. Their presentations focused on business growth opportunities, industry services and the value of engaging with GJEPC’s programmes and exhibitions.
The Retailers’ Connect programme forms part of GJEPC’s nationwide outreach campaign to increase retailer participation at IIJS Bharat Premiere 2026 while strengthening the gems and jewellery ecosystem across key markets. The Lucknow edition reinforced the Council’s efforts to connect Uttar Pradesh’s jewellery trade with national and international business opportunities through its flagship trade show.
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