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).
Education
GJEPC, GIA conduct training programme for newly posted Customs Officers
Gem & Jewellery Export Promotion Council and Gemological Institute of America trained newly posted Customs Officers on diamonds, coloured gemstones and the Kimberley Process Certification Scheme
GJEPC, in collaboration with the Gemological Institute of America (GIA), organised a specialised training programme for newly posted Customs Officers. The programme was conducted by GIA free of charge as part of its ongoing knowledge-sharing initiative with the trade and government authorities.
Held from 2nd March 2026 to 9th March 2026, the training focused on building practical knowledge and technical understanding of cut and polished diamonds as well as coloured gemstones. The initiative aimed to familiarise Customs Officers with the processes, identification techniques, and trade practices associated with the gem and jewellery industry.
A total of 16 Customs Officers participated in the programme, which successfully concluded on 9th March 2026.
During the training, Mithlesh Pandey, Senior Director, GJEPC, along with Siddhesh Mohite, conducted a dedicated overview session on the Kimberley Process (KP). The session covered the procedures and regulatory framework governing the import and export of rough diamonds, along with the role of KP in ensuring the traceability and responsible trade of rough diamonds.
-
Education1 hour agoGJEPC, GIA conduct training programme for newly posted Customs Officers
-
International News5 hours agoPrecious Metals holds gains on Mideast jitters AUGMONT BULLION REPORT
-
International News4 hours agoMiddle East conflict halts India-UAE diamond trade
-
International News6 hours agoHong Kong Jewellery & Gem Fairs celebrate the power of colour
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.