National News
Gold Edges Higher On MCX In Early Trade
Precious metals had tumbled sharply on Thursday after stronger-than-expected US inflation prints fueled a rally in the US dollar and Treasury yields.
Domestic gold prices staged a modest recovery in morning trade on Friday following a sharp sell-off in the previous session, as bargain hunting emerged across domestic and international bullion markets.
As of 10:00 AM IST, benchmark December gold futures on the Multi Commodity Exchange (MCX) opened and traded around the Rs. 1,36,000 per 10 grams mark, gaining roughly 0.6% from Thursday’s close of Rs. 1,36,225. In the domestic spot and retail markets, indicative rates for 24-karat gold hovered between Rs. 1,36,160 and Rs. 1,38,490 per 10 grams depending on local taxes and jeweller premiums, while 22-karat gold traded near Rs. 1,24,810 to Rs. 1,26,950 per 10 grams.
Global Cues and Market Drivers
The early uptick mirrors a slight rebound in overseas markets, where COMEX gold futures rose 0.2% to trade near $3,893 per ounce. Precious metals had tumbled sharply on Thursday—with MCX gold shedding 2.5%—after stronger-than-expected US inflation prints fueled a rally in the US dollar and Treasury yields.
Investors are increasingly pricing in potential interest rate hikes by the US Federal Reserve in December and early 2027, keeping upside gains capped.
National News
GJEPC’s IIJS Bharat Signature 2027 Roadshow Connects with 40+ Jewellery Buyers in Sharjah
The visits generated an encouraging response, with buyers expressing keen interest in visiting the upcoming IIJS Bharat Signature exhibition in Mumbai
GJEPC continued its IIJS Bharat Signature 2027 promotional outreach in the UAE with Phase 2 of its roadshow in Sharjah, connecting with more than 40 prominent jewellery buyers across four major jewellery markets.
The upcoming 18th edition of IIJS Bharat Signature will be held from 7-10 January 2027 at the Jio World Convention Centre and 8-11 January 2027 at the Bombay Exhibition Centre in Mumbai.
The team interacted with several established retailers, including JJ & Sons, Vrajlal Jewellers, Bhagwanji Jewellers, Simar Jewellers and Chennai Jewellers, among others.
The visits generated an encouraging response, with buyers expressing keen interest in visiting the upcoming IIJS Bharat Signature exhibition in Mumbai.
The Sharjah leg builds on GJEPC’s efforts to engage with the UAE jewellery trade, expand international buyer participation and strengthen awareness of IIJS Bharat Signature ahead of its January 2027 edition.
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National News1 hour agoDomestic precious metal markets record steady retail pricing
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National News30 minutes agoGJEPC’s IIJS Bharat Signature 2027 Roadshow Connects with 40+ Jewellery Buyers in Sharjah
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