National News
Gold and Silver Prices Set to Surge in 2025- Gold Could Reach Rs 90000
Gold prices in India surged by 21% in 2024, driven by central bank policies, geopolitical risks, and strong global demand. As of January 1, 2025, gold prices were Rs 78,000 per 10 grams for 24K, with predictions pointing towards a rise to Rs 85,000-90,000 in 2025. While gold outperformed other commodities in 2024, experts recommend a “buy-on-dips” strategy for investors, as prices may consolidate before further gains. Geopolitical tensions and central bank actions will continue to support the demand for gold and silver.
Silver also saw impressive gains in 2024, with prices expected to reach Rs 1.1-1.25 lakh per kg, fueled by industrial and investment demand. Experts like Manav Modi from Motilal Oswal Financial Services maintain a positive outlook for both metals in the medium to long term, forecasting potential price growth even amid market fluctuations. However, while Rs 1 lakh for gold is considered optimistic, extreme economic conditions could push it towards that mark.
National News
GJEPC Conducts Intensive Training for Customs Officials in Kolkata to Strengthen Gem & Jewellery Appraisal
Four-day programme enhances officers’ expertise in gemstone identification, metal purity testing, and valuation to support smoother export operations.
The Gem & Jewellery Export Promotion Council (GJEPC) Kolkata Regional Office successfully conducted a four-day Gold Appraiser and Valuer Training Programme from 1st to 4th December 2025 at the Kolkata Customs Air Cargo Commissionerate. The initiative aimed to enhance the technical capabilities of customs officers involved in handling gems, precious stones, gold, and jewellery shipments.
Led by Koushik SV, Head of Skill Development, GJEPC, the sessions covered critical areas including gemstone and diamond identification, precious metal purity testing using XRF technology, and essential assaying and valuation methodologies. The training was designed to equip officers with practical, hands-on skills to ensure accurate assessment and faster clearances.
Pankaj Parekh, Regional Chairman – East, GJEPC, emphasised that efficient export facilitation depends on knowledgeable and well-trained customs officers. He noted that capacity-building programmes like this significantly contribute to the industry’s ease of doing business.
The programme concluded with a certificate distribution ceremony graced by Chief Guest R. Srinivasa Naik, IRS, Chief Commissioner of Customs, and Guest of Honour Shri Shivaji Dange, IRS, Principal Commissioner of Customs (Airport & ACC). Joint Commissioner Shilpi Srivastava and senior officials were also present. In his remarks, Srinivasa Naik commended GJEPC for organising the initiative and encouraged more such training efforts to enhance operational efficiency at the cargo shed.
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