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Gold sees significant decline on global trade tensions, recession fears

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Spot gold experienced a significant decline on Monday, April 7, 2025, dropping 0.3% to $3,027.90 per ounce after hitting a 3.5-week low earlier in the session. This unusual behavior for gold, traditionally a safe-haven asset, prompted market speculation that investors are selling bullion to realize profits or cover margin calls on other investments. The sell-off is attributed to escalating global trade tensions and the resulting fears of a potential global recession.

Adding to the bearish sentiment, Morningstar’s John Mills foresees gold prices plummeting to $1,820 per ounce—a 38% decline—driven by easing inflation and potential trade normalization. Mehta Equities’ Rahul Kalantri attributes recent volatility to factors like a weak US jobs report and dovish Fed signals, projecting key trading ranges for gold.  

Gold prices face a potential 38% decline, according to Morningstar’s John Mills, who forecasts a drop to $1,820 per ounce due to shifting market dynamics. Meanwhile, Mehta Equities’ Rahul Kalantri warns of persistent extreme volatility, outlining specific support and resistance levels in both USD and INR, and attributing the recent swings to various economic indicators.  

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GJEPC Brisbane Outreach Connects Indian Exporters With Queensland Jewellery Trade

India’s Gem and Jewellery Exports To Australia Reached US$374.33 Million In FY2025–26, Up 16% From US$322.72 Million A Year Earlier

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The Brisbane portion of GJEPC’s Australia-New Zealand trade mission brought Indian gem and jewellery exporters into discussions with Queensland’s jewellery retailers, wholesalers and business bodies, while reinforcing the opportunities created by the India-Australia ECTA.

Led by Vijay Mangukiya, Convener – International Events, GJEPC, the delegation visited Brisbane on 24-25 August 2026 and met Ms. Neetu M. Bhagotia, Consul General of India in Brisbane, as part of its engagement with the local jewellery and business community.

India’s gem and jewellery exports to Australia reached US$374.33 million in FY2025–26, up 16% from US$322.72 million a year earlier, as the India–Australia ECTA’s tariff-free market access continues to open opportunities for Indian exporters.

Sridhar Iyengar, Director – International Events, GJEPC, facilitated B2B interactions with local jewellery businesses and representatives of industry and business organisations. The programme included Michael Hill, Salt Wholesaling, Omi En Vogue, Prince Jewellers, along with representatives from Business Chamber Queensland and the Australia India Business Council. The outreach also took the delegation to established jewellery stores such as Wallace Bishop and Hardy Brothers, providing an on-ground view of Australian jewellery retail presentation and merchandising.

The engagement provided the Indian delegation with a closer understanding of Queensland’s retail and wholesale landscape and opportunities to connect Indian manufacturing capabilities with local businesses. The participating Indian companies span natural and lab-grown diamonds, gold, silver, platinum, coloured gemstones and contemporary jewellery.

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