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Gold & Precious Metals – A future outlook

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The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary-  IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.

Some salient points made by the panelists:

  • Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
  • Till the banking system doesn’t collapse, gold price will continue to rise
  • Jewellers were advised to use a mix of futures and options for risk mitigation
  • Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
  • Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.

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National News

GJEPC launches ‘ JewelStart’ -India’s first dedicated innovation & incubation centre for the GJ industry

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IIJS Bharat Signature 2026 witnessed a defining moment for India’s gem and jewellery industry with the launch of JewelStart, GJEPC’s first dedicated innovation, incubation and acceleration platform for gems, jewellery and allied startups. Unveiled at the show in Mumbai on 10th January 2026, JewelStart signals a deliberate move to embed structured innovation, entrepreneurship and technology-led problem solving into the industry’s growth story.

Conceived as an industry-led incubation platform, JewelStart has been designed to address the specific needs of the gem and jewellery value chain. The initiative aims to enable start-ups, MSMEs to transform ideas into scalable, market-ready enterprises, while fostering collaboration between industry, academia, investors and government bodies. Through this initiative, GJEPC seeks to further reinforce India’s position as the “Jeweller to the World.”

On the occasion, GJEPC also signed a series of strategic Memorandums of Understanding (MoUs) to strengthen the JewelStart ecosystem and enable multi-stakeholder collaboration. The MoUs were signed between  Kirit Bhansali, Chairman, GJEPC and  Shaji Varghese, CEO, Society for Innovation and Entrepreneurship (SINE), IIT Bombay;  A Panigrahi, Senior Professor and PhD Scholar, National Institute of Design (NID), Ahmedabad;  Hitesh Sachdev, Head – Startup Engagements and Investments, ICICI Bank Ltd;  Narayanan Naduvath, State Operation Head, Indusind Bank Ltd; and  Mitesh Shah, Co-founder, Inflection Point Ventures.

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