National News
Gold continues its winning streak : Augmont Bullion report
Gold continues its winning streak
Gold maintains its winning streak above $3025 (~Rs 88500) as Trump’s tariffs are projected to exacerbate inflation and economic turmoil. Trump said he would hold Iran accountable for any strikes carried out by the Houthi group it supports in Yemen, as his administration escalated the largest US military operation in the Middle East since Trump came to the White House.
Central banks’ accumulation of gold reserves, inflation concerns, and rising demand after the pandemic have contributed to the surge in gold prices.
The Fed is expected to maintain its benchmark interest rate in the 4.25%-4.50% range after its two-day policy meeting on Wednesday.
Technical Triggers
Gold Apr Futures after achieving the $3000 (~Rs 88000) milestone, now is expected to extend this run up towards $3035 (~Rs 88800) and $3080 (~Rs 90000) in the coming weeks. After that, we can see some retracement and profit-booking, which can extend down to $2800 and $2700 maximum.While Silver May Futures has also climbed above $34(~Rs 100,000) on strong demand, the next resistance for the prices is $35(~Rs 103,000).
National News
GJEPC conducts awareness seminar on export opportunities for MSMEs
Seminar outlined key aspects of entering export markets, including exporter registration, logistics, e-commerce, government schemes and GJEPC membership benefits.
GJEPC organised an awareness seminar on export opportunities for micro, small and medium enterprises (MSMEs) on 22 October 2026 in Girgaon, South Mumbai, in close proximity to Zaveri Bazaar, one of India’s oldest jewellery manufacturing and trading hubs.
Mithilesh Pandey, Senior Director – Membership, GJEPC, outlined key aspects of entering export markets, including exporter registration, logistics, e-commerce, government schemes and GJEPC membership benefits. He also highlighted the upcoming commencement ceremony for the India Jewellery Park Mumbai (IJPM), scheduled for 25 October at Mahape, Navi Mumbai, and explained its significance for the industry.
Naheed Sunke, Assistant Director, GJEPC, presented opportunities at IIJS Bharat Signature 2027, focusing on global sourcing, retailer onboarding and B2B networking for jewellery retailers and industry participants.
Mukesh Sharma, Senior Manager – Business Development, India International Bullion Exchange (IIBX), explained how eligible GJEPC members holding a Registration-cum-Membership Certificate (RCMC) can access direct gold and silver bullion imports through the exchange. He also outlined the removal of the earlier ₹15 crore minimum net-worth requirement, which broadens access for eligible businesses.
The interactive session addressed participants’ queries on exports, bullion imports and GJEPC initiatives. The seminar aimed to encourage jewellery retailers and MSMEs to explore international markets and participate in upcoming Council programmes and trade events.
GJEPC conducts awareness seminar on export opportunities for MSMEs
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