International News
Gold prices in India continued to decline, modest recovery in global prices
geopolitical risks,rising energy prices continue to underpin gold demand globally.
Gold prices in India continued to decline on Thursday, marking the third straight session of losses even as global bullion prices attempted a modest recovery amid rising geopolitical tensions.
In the domestic market, 24-karat gold has fallen sharply over the past three days, with prices dropping by about ₹85,800 per 100 grams. The correction reflects a mix of global market volatility, profit-taking after recent highs, and currency movements affecting local bullion pricing.
As of Thursday morning, 24-karat gold was quoted at ₹16,451 per gram, down ₹311 from the previous session. The price of 22-karat gold slipped to ₹15,080 per gram, a decline of ₹285.
The drop in domestic prices comes even as international gold markets showed signs of stabilizing. Global bullion prices climbed back above $5,160 an ounce on Wednesday after recovering part of their earlier losses.
The rebound followed escalating tensions in the Middle East as the conflict involving the U.S., Israel and Iran entered its fifth day. Reports that Israel targeted a building where clerics were meeting to discuss the selection of a new Supreme Leader heightened geopolitical uncertainty, prompting renewed safe-haven flows into gold.
In India, however, retail bullion prices continued to reflect the recent correction.
On the derivatives side, gold futures on the Multi Commodity Exchange (MCX) were largely flat. The April 2026 contract opened at ₹1,63,265 per 10 grams, traded between ₹1,61,241 and ₹1,64,047 during the session, and was last quoted around ₹1,61,550—up marginally by ₹25, or 0.02%.
Market participants say geopolitical risks and rising energy prices could continue to underpin gold demand globally. Analysts note that if international prices hold above the $5,200 level, bullion could move toward the $5,450–$5,600 range in the near term, with price dips likely to attract strategic buying.
DiamondBuzz
Botswana Diamonds rebrands as Botswana Minerals PLC
Signals a definitive shift toward copper exploration as the diamond market faces a stiff cyclical downturn.
Botswana Diamonds PLC, a long-time explorer of the world’s most famous gemstones, has officially rebranded as Botswana Minerals PLC, signaling a definitive shift toward copper exploration as the diamond market faces a stiff cyclical downturn. The name change, which took effect Feb. 27, follows a strategic review that leveraged artificial intelligence to scan the company’s massive 95,000-square-kilometer geological database. While the AI was originally designed to hunt for kimberlite pipes—the volcanic rock that hosts diamonds—it instead unearthed “outstanding” evidence of copper deposits.
A High-Tech Pivot
The company, listed on London’s AIM and the Botswana Stock Exchange, has identified 11 copper targets across the country and has already secured eight prospecting licenses. The move reflects a broader trend among junior miners seeking to capitalize on the “green metal” boom driven by electric vehicles, renewable energy, and AI data centers.
The Diamond Dilemma
The rebranding comes as the natural diamond sector grapples with two simultaneous concerns:
- Technological Disruption: Lab-grown diamonds continue to cannibalize the lower end of the market, offering consumers a cheaper alternative that is chemically identical to mined stones.
- Cyclical Downturn: Sluggish global demand and high inventory levels have dampened investor enthusiasm for natural stones.
Despite the pivot, the company is not abandoning its roots entirely. It remains one of the largest holders of exploration data in Botswana and intends to maintain its diamond acreage, betting that high-quality natural stones will eventually regain their luster.
By shifting focus to copper, Botswana Minerals (trading under the new ticker BMIN) joins a growing list of players in the Kalahari Copper Belt, a region increasingly viewed as a world-class mining frontier.
-
DiamondBuzz19 hours agoBotswana Diamonds rebrands as Botswana Minerals PLC
-
DiamondBuzz19 hours agoDespite revenue growth in jewellery sector, natural diamond upstream sees stagnation
-
International News21 hours agoGold continues to get strength on the Middle East conflict
-
International News21 hours agoIndia Pavilion at HK twin shows showcases exceptional craftsmanship
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.