National News
Gold and Silver Decline On A Strong Dollar
Navigating Volatility Between Oil Costs and Currency Strength
The Indian bullion market took a breather this Thursday as a combination of a stronger dollar and geopolitical shifts triggered a wave of profit-taking. After reaching record heights earlier in the week, both gold and silver saw a significant pullback on the MCX. The domestic futures gold price on MCX traded 2.54 percent lower to Rs 1,49,800 per 10 grams of 24-carat purity, from the previous close. Silver edged 6 percent down to Rs 2,28,891 per kilogram. Bullion has fallen as investors rush to book profits from recent highs.
The rally lost steam as several macroeconomic factors converged to weigh down the metals:
- Profit Booking: After gold surged to a staggering Rs 1,54,500 per 10 grams yesterday, investors were quick to lock in gains, leading to a sharp intraday correction. Currency Pressure: A firmer U.S. Dollar made dollar-priced commodities more expensive for holders of other currencies, dampening demand. Geopolitical Cool-down: Signs of de-escalation in West Asia have slightly reduced the “safe-haven” premium that usually keeps bullion prices inflated. Energy & Economy: While tightening energy supplies and rising oil prices often act as a floor for metal prices, they weren’t enough to offset today’s broad sell-off.
Outlook
Despite the current correction, the underlying market remains sensitive. While easing tensions in West Asia provides some relief, the interplay between rising oil costs and a strong dollar will continue to dictate the short-term volatility for precious metals. For now, the “rush to the exits” is the primary driver as the market stabilizes from its recent peaks.
National News
GSI and Bharat Ratnam Mega CFC Launch Gem Identification Masterclass to Strengthen Industry Expertise
Masterclass Equips Jewellery Professionals With Advanced Skills In Gemstone Identification, Evaluation, and Market Trends
Gemological Science International (GSI), a global leader in gemstone certification and education, in collaboration with Bharat Ratnam Mega CFC, successfully conducted the Gem Identification Masterclass, addressing the growing demand for coloured gemstone expertise in the Indian jewellery market. With interest in coloured gemstones continuing to rise across India, GSI’s advanced educational programs aim to equip jewellery professionals with the knowledge and practical skills required to navigate this evolving category.
The Gem Identification Masterclass was designed for industry professionals seeking to deepen their expertise in coloured gemstones. The comprehensive curriculum covered gemstone identification, distinguishing between natural gemstones, simulants, and synthetics, advanced treatments, geographic origin factors, and value determination. Participants also received hands-on training using professional gemological instruments, reflecting GSI’s core laboratory expertise.
Ravi Menon, CEO, Bharat Ratnam Mega CFC, said:

“The rise in demand for coloured gemstones is one of the most significant trends in the global jewellery market, with India at the centre of this shift. Our collaboration with GSI aims to refine the skills of industry professionals and raise the standard of gemstone education. The overwhelming response highlights the beginning of an exciting transformation.”
Ramit Kapur, Managing Director, GSI India, added, “This program equips participants with the knowledge and confidence to evaluate gemstone purchases and deliver assured quality. By combining strong theoretical foundations with hands-on exposure, the masterclass enables professionals to operate with clarity and confidence in a sophisticated market.”
Led by GSI’s experienced instructors, the program leveraged decades of expertise in gemology, global research data, and advanced laboratory capabilities, ensuring participants gained access to the most accurate and current gemological insights.
As the coloured gemstone market becomes more competitive and complex, the need for technical expertise continues to grow. The Gem Identification Masterclass marks a significant step in empowering manufacturers, retailers, and professionals with the skills to identify, evaluate, and assess gemstones with precision.
This initiative reinforces GSI’s commitment to advancing gemological education worldwide, combining industry expertise, technology, and research to meet the evolving needs of the global jewellery industry.
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