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 Joins Commerce Ministry Delegation To Canada For CEPA Talks
The Delegation Comprises Senior Representatives From More Than 100 Indian Businesses Across Sectors
Union Commerce & Industry Minister Piyush Goyal is leading a high-level Indian delegation to Canada from 25-27 May to advance discussions on the proposed India-Canada Comprehensive Economic Partnership Agreement (CEPA) and strengthen bilateral trade and investment ties.
Anoop Mehta, Convener – Diamond Panel, GJEPC, is representing the Council as part of the Indian delegation accompanying the Minister. The delegation comprises senior representatives from more than 100 Indian businesses across sectors.
India-Canada bilateral merchandise trade stood at around USD 8.6 billion in FY2024-25, while bilateral services trade reached approximately USD 14.3 billion in 2024. Both countries are aiming to significantly expand trade ties, with a long-term target of USD 50 billion in bilateral trade by 2030. India imported rough diamonds worth USD 62.97 million from Canada in FY2025-26.
During the visit, Goyal is scheduled to meet Canadian Minister of International Trade Mr. Maninder Sidhu, Prime Minister Mr. Mark Carney, senior government officials, business leaders, startups and investment institutions to review progress on CEPA negotiations and explore new avenues for economic cooperation.
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