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 Paris Jewellery Summit: India & France Explore New Frontiers in Luxury Jewellery
Objective is To Shift India’s Global Positioning From A High-Volume Manufacturing Hub To A Creative, Strategic Co-Creation Partner For France’s Luxury Maisons, Leveraging Indian Craftsmanship, Technical Scale, and Heritage Storytelling
Organised by the GJEPC a three-day summit (13–15 October) brought a curated delegation of 17 Indian jewellery companies to Paris. Led by GJEPC Vice Chairman Shaunak Parikh, the programme culminated in a Buyer-Seller Meet at the Paris Marriott Champs-Élysées.
Core Strategic Objective: Shift India’s global positioning from a high-volume manufacturing hub to a creative, strategic co-creation partner for France’s luxury maisons, leveraging Indian craftsmanship, technical scale, and heritage storytelling alongside French design authority and luxury branding.
Trade Context & Growth:India’s gem and jewellery exports to France grew 19.72% year-on-year to US478.78 million in FY2025–26 (representing 3.8% of France’s total US12.61B jewellery imports).
Gold jewellery exports rose 18.69% (US159.53M) and cut/polished diamonds rose 4.69% (US204.07M).
The India–EU Trade Agreement (concluded January 2026, targeted for implementation in 2027) provides renewed commercial momentum.
Key Summit Milestones & Discussions:
13 October (Embassy of India, Paris): Briefing on “The French Market & the Marketing of Desirability” focused on French consumer expectations, sustainability, traceability, and capability-building. Speakers included Dr. Marta Marcheva (Institut Sup de Luxe), Céline Dassonville (ethiwork / ex-Cartier), and Anish Kumar Singh (GJEPC France).
Networking & Panels (Ritz Paris): High-level discussions featuring Stanislas de Quercize (Messika board member, ex-CEO of Cartier & Van Cleef & Arpels) and Dr. Shalia Shah (Embassy of India). Highlighted the synergy of “hands meeting machine” (traditional artisan skills combined with modern precision tech) and ethical sourcing.
Long-term Ambition: Capitalize on India’s broader US85 billion domestic jewellery market (projected to hit US130B by 2030) and US$28B annual exports by inviting French houses, design schools, and retailers to visit Indian manufacturing hubs for direct artisan collaboration.
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