International News
Gold price faces more than 2.5% losses intraday after US-China tariffs reduction
The recent agreement between the United States and China to significantly reduce tariffs has had profound implications for global financial markets, particularly for the price of gold. In a surprise move, both nations announced temporary reductions in tariff rates for a 90-day period.
As a result of this announcement, gold prices plummeted over 3% at the opening of the European trading session, falling to approximately $3,231 per ounce. This decline is part of a broader downward trend, with gold having lost more than 8% from its record high of $3,500, reached on April 21. The abrupt reallocation of capital into riskier assets has effectively brought an end to the gold rally that had characterized much of April and early May. Safe-haven exodus leads Gold to break vital supports before technically ending the rally.
Amid this market euphoria, U.S. Treasury Secretary Scott Bessent emphasized that neither country desires a long-term decoupling. He further expressed interest in China opening its markets more broadly to U.S. goods, even suggesting the possibility of a formal purchasing agreement. These comments underscore a renewed spirit of cooperation between the two economic superpowers, contributing further to the risk-on sentiment prevailing in markets.
From a technical standpoint, gold is facing significant pressure. Analysts suggest that the current drop could be just the beginning of a more extended decline, with the potential for prices to fall below $3,200. If the support level around $3,245 is breached, a further descent toward $3,167 is anticipated—effectively erasing most of the gains from April and May. Conversely, for gold to re-establish upward momentum, it would need to overcome a series of resistance levels: first reclaiming $3,284, then $3,315 (the daily pivot), followed by $3,356 (R1 resistance), and finally $3,388 (R2 resistance), before any retest of the all-time high becomes feasible.
International News
India Delegation Arrives In Paris For Three Days Of Learning, Business & Collaboration
Buyers, Institutional Investors, and Jewelers Are Guaranteed Strict Adherence To Exact Quality, Testing, and Traceability Standards. Silver From Any BIS-Approved Refinery Ensures A Verified Fineness and Purity
GJEPC has brought a delegation of 17 leading Indian jewellery manufacturers to Paris for an intensive three-day programme aimed at building business, design collaboration, and long-term partnerships with French buyers, retailers, designers, and luxury brands.The delegationwas led by Shaunak Parikh Vice Chairman, GJEPC
The strategic trade mission comes as India’s gem and jewellery exports to France surged 19.72% year-on-year, reaching US$ 478.78 million in FY 2025–26 (up from US$ 399.93 million in FY 2024–25). Key drivers of this growth include:
- Gold Jewellery Exports: US$ 159.53 million (+18.69%)
- Cut & Polished Diamonds: US$ 204.07 million (+4.69%)
Despite rapid growth, India currently holds a 3.8% share of France’s total US$ 12.61 billion gem and jewellery import market, highlighting significant untapped potential for Indian exporters.
Strategic Briefing at the Embassy of India
The delegation’s engagement commenced on 13 October with an expert briefing at the Embassy of India in Paris on “The French Market & the Marketing of Desirability.” The session focused on French consumer trends, luxury brand positioning, sustainability, and market entry strategies. Key insights were delivered by:
- Anish Kumar Singh, GJEPC Representative for France & Founder, Bhartiya Paris Club
- Dr. Marta Marcheva, Executive Director, Institut Sup de Luxe
- CĂ©line Dassonville, CEO, ethiwork
The three-day initiative includes market visits, knowledge sessions, and high-level networking, culminating in an exclusive Buyer-Seller Meet (BSM) on 15 October 2026 at the Marriott Champs-Élysées, Paris.
Participating Indian Companies
The 17 Indian manufacturers representing the country’s high-end craftsmanship and design capabilities are: Asian Star Co. Ltd, DNJ Creation LLP, Fine Jewellery Manufacturing Ltd, Goldstar Jewellery Pvt. Ltd., KGK Creations (India) Pvt. Ltd., Malya Jewel Craft, Neysa Jewellery Ltd, NTS Navrattan Jewellers Pvt. Ltd., Patdiam Jewelry Ltd, Priority Jewels Ltd, Renaissance Global Ltd, S. Vinod Kumar Diamonds Pvt. Ltd., Sunjewels Pvt. Ltd., Supergems Jewellery, Tanvirkumar & Company, UniDesign Jewel, and Walking Tree Atelier Pvt. Ltd.
India Delegation Arrives In Paris For Three Days Of Learning, Business & Collaboration
BIS Introduces The Silver Refinery Certification Scheme; Framework Introduces “India Good Delivery For Silver”
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BIS Introduces The Silver Refinery Certification Scheme; Framework Introduces “India Good Delivery For Silver”
Aspect Bullion & Refinery Launches “India’s Biggest Gold Fest” With Zero Making Charges On Gold Coins and Bars
GJEPC, ECGC Programme Underlines Recent Changes In Export Credit Insurance For The GJ Sector.
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National News5 hours agoBIS Introduces The Silver Refinery Certification Scheme; Framework Introduces “India Good Delivery For Silver”
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National News7 hours agoAspect Bullion & Refinery Launches “India’s Biggest Gold Fest” With Zero Making Charges On Gold Coins and Bars
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National News7 hours agoGJEPC, ECGC Programme Underlines Recent Changes In Export Credit Insurance For The GJ Sector.
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International News4 hours agoIndia Delegation Arrives In Paris For Three Days Of Learning, Business & Collaboration
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