International News
Gold prices edge lower amid strong dollar
Indian gold prices eased on Friday, September 26, tracking global cues as stronger US economic data lifted the dollar and dampened hopes of further rate cuts this year. In domestic markets, 24-carat gold traded at Rs.11,488 per gram, while 22-carat stood at Rs.10,530 and 18-carat at Rs. 8,616.On the international front, spot gold slipped 0.1% to $3,745.67 an ounce, while US December futures were steady at $3,774.80. Despite the pullback, the yellow metal remains up 1.6% for the week.
The retreat followed upbeat US economic indicators—faster GDP growth and lower jobless claims—which reduced the odds of additional monetary easing in 2025. The US dollar index climbed to a three-week high, eroding gold’s appeal to non-dollar investors.
US President Donald Trump’s new tariffs, effective October 1, could sustain inflation pressures, keeping gold attractive as a safe-haven asset. Investors now await the US Personal Consumption Expenditures (PCE) inflation report, a key indicator for Federal Reserve policy.
In India, retail demand ahead of Navratri and Diwali continues to support local prices, with premiums remaining high.
International News
GJEPC Auckland Visit Targets Growth In India-NZ Jewellery Trade
The Opportunity In New Zealand Is Significant Relative To The Current Level Of Jewellery Trade. India’s Gem and Jewellery Exports To New Zealand Rose 50.56% To US$25.46 Million In FY2025-26, From US$16.91 Million In FY2024-25.
The GJEPC trade delegation’s Auckland programme has highlighted the scope for expanding India’s gem and jewellery exports to New Zealand as the two countries move towards implementing their recently concluded Free Trade Agreement (FTA).
The Auckland visit was part of GJEPC’s Australia and New Zealand trade delegation, held from 20-26 August 2026, with the delegation focused on connecting Indian manufacturers and exporters with buyers and industry stakeholders across the two markets.
The opportunity in New Zealand is significant relative to the current level of jewellery trade. India’s gem and jewellery exports to New Zealand rose 50.56% to US$25.46 million in FY2025-26, from US$16.91 million in FY2024-25.
The recently concluded India-New Zealand FTA is expected to create further opportunities for Indian exporters. New Zealand has committed to duty-free access for Indian exports across 100% of its tariff lines once the agreement enters into force.
On 26th August, Vijay Mangukiya, Convener – International Events, GJEPC and leader of the delegation, met Dr. Madan Mohan Sethi, Consul General of India in Auckland. Mangukiya has said the delegation was aimed at bringing Indian manufacturers and exporters closer to buyers and industry stakeholders in both Australia and New Zealand, with the objective of identifying new business opportunities and developing long-term partnerships.
The delegation’s Auckland market visits covered a broad cross-section of the local jewellery sector, including Michael Hill, Wallace Bishop, Hardy Brothers, Prouds, and Partridge Jewellers. The delegation also observed international luxury and contemporary jewellery brands including Van Cleef & Arpels, Roberto Coin, Messika and FOPE, reflecting the competitive environment in which Indian exporters would be seeking to establish or expand relationships.
India’s exports of individual jewellery categories to New Zealand also recorded strong growth in FY2025-26. Gold jewellery exports rose 84% to US$17.47 million, while silver jewellery exports doubled to US$0.91 million. Lab-grown diamond exports rose 2% to US$0.63 million, and imitation jewellery increased 13.16% to US$0.43 million. Cut and polished diamond exports were US$5.76 million.
The figures underline the growing contribution of finished jewellery to India’s New Zealand business. With the FTA expected to improve market access and the Auckland market showing demand across gold, diamonds, coloured stones, pearls and branded jewellery, GJEPC’s delegation is seeking to convert this existing growth into deeper commercial relationships.
-
National News21 hours agoMMTC-PAMP Appoints Sidharth Malhotra As Brand Ambassador
-
International News21 hours agoGJEPC Auckland Visit Targets Growth In India-NZ Jewellery Trade
-
National News2 days agoWAMIQA GABBI Appointed First National Brand Ambassador Of EVERLITE BY SENCO
-
BrandBuzz3 hours agoVerlas Redefines Rakhi Gifting With Fine Jewelry That Lasts Beyond The Festival

