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 Promotes Key Trade Events At IGI Dubai Event
The Dubai Event Created Opportunities For Participating Indian Exporters To Connect Directly With Potential Buyers.
GJEPC stepped up its international buyer outreach for IIJS Bharat – Signature 2027, IGJS Jaipur and IJEX at an industry event organised by the International Gemological Institute (IGI) in Dubai.
Held at the Almas Tower Ballroom in Jumeirah Lake Towers, the IGI Ornamental QC Seminar brought together an audience of more than 70 jewellers, with leading retailers including Jawhara, Joyalukkas, Tajvi, Vinsmera, La Marquise, Bhima and Cara among the expected participants.
Ashish Sakhardande, Head – IJEX, GJEPC, represented the Council and delivered a presentation on its upcoming exhibitions and initiatives, placing particular emphasis on IIJS Bharat – Signature 2027, IGJS Jaipur and IJEX, highlighting its new features and inviting UAE buyers to register for the Mumbai and Jaipur shows.
The UAE remains an important market for Indian jewellery exporters, making direct engagement with retailers and jewellery companies a key part of the buyer mobilisation strategy.
The Dubai event created opportunities for participating Indian exporters to connect directly with potential buyers. Business meetings and networking interactions were facilitated with several UAE-based companies, allowing exporters participating through IJEX to develop new commercial contacts.
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