National News
Gold, Silver Futures Retreat On MCX Amid US – Iran Ceasefire Optimism
Precious Metals Trade Volatile As Global Markets Track Inflation Risks and Geopolitical Developments
Gold and silver prices witnessed a mild correction on Friday in domestic futures trade, as easing geopolitical tensions between the United States and Iran tempered safe-haven demand, even as international gold prices edged higher on persistent inflation concerns.
On the Multi Commodity Exchange (MCX), gold futures for June 2026 delivery slipped Rs. 609 to Rs. 1,56,316 per 10 grams, while July silver futures declined Rs. 1,518 to Rs. 2,68,018 per kg during early trade. The pullback followed strong gains in the previous session, when both metals rallied nearly 2%.
Globally, bullion sentiment remained cautious yet resilient. International gold prices recovered after touching a two-month low, supported by a weaker US dollar and softer Treasury yields. Markets closely monitored reports suggesting progress toward a ceasefire extension between Washington and Tehran, including discussions around easing restrictions in the Strait of Hormuz.
However, uncertainty continued to keep volatility elevated. While reports pointed to diplomatic progress, official confirmation on a long-term peace framework remained pending, leaving investors cautious.
Analysts noted that inflationary pressures in the United States are likely to remain a key driver for precious metals. Elevated energy costs linked to Middle East tensions pushed inflation higher, strengthening expectations that the US Federal Reserve may maintain a restrictive interest rate stance for longer.
Silver and platinum also remained in focus globally, with spot silver posting gains, while platinum and palladium traded marginally higher amid broader industrial demand optimism.
Market experts expect gold and silver prices to remain range-bound with heightened volatility in the near term, driven by geopolitical headlines, inflation data, and signals from the US Federal Reserve on future rate decisions.
National News
GGJS 2026 Concludes With High-Volume Trade and Strategic Focus On Next-Gen Leadership
– The 16th edition of the Gujarat Gold Jewellery Show (GGJS 2026), jointly organized by GGJS and the Gold Ornaments Jewellers Wholesalers Association (GOWJA), successfully concluded its three-day B2B trade exhibition at the Helipad Exhibition Centre in Gandhinagar. The landmark event reinforced its position as a premier national platform for business networking, product sourcing, design innovation, and trade collaboration.
Under the leadership of GOWJA President Hiteshbhai Soni, Vice President Akshaybhai Mehta, and the organizing committee, GGJS 2026 recorded unprecedented trade visitor footfall, substantial bulk order placements, and strong participation from leading jewellers, manufacturers, wholesalers, and retail delegations across India.
Jointly organized by GGJS (Gujarat Gold Jewellery Show) & GOWJA (Gold Ornaments Jewellers Wholesalers Association), the B2B exhibition is creating a strong platform for business networking, product sourcing, market opportunities and industry collaboration, with a special focus on the participation and aspirations of the young jeweller’s community.


The grand inauguration was graced by Guests of Honour boCHE (Dr. Boby Chemmanur), Chemmanur International Jewellers, A.B.S. Sanjjay, AVR Swarna Mahal Jewellers, Pramod Dugar, India Gem & Jewellery Creation, , Anil Kataria, DP Abhushan Ltd, Ajay Talla, Talla Jewellers, along with Special Guests Surendra Mehta, National Secretary-IBJA, Ankit Vaidya, Founder & CEO- Jewel Partner, Dharmendra Soni,Past President -GOWJA, Shampatlal Jain, President -Shree Manekchowk Sona Chandi Dagina Jewellers Association and dignitaries and leaders from the GJ industry.Present at the inauguration were GOWJA President Hitesh Soni and Vice President Akshay Mehta and GOWJA committee members.


Following the opening ceremony, Day 1 featured the Young Jewellers Summit (J20), highlighting the next generation of industry leaders. Designed to empower young entrepreneurs looking to scale emerging ventures or modernize legacy businesses, the summit presented actionable insights into modern retail strategies, technology integration, and sustainable growth.
The summit featured two flagship panel discussions:
- The New Rules of Jewellery Growth – Focused on modern scaling strategies, digital expansion, and evolving consumer preferences.
- Building a Business That Can Outlive You – Explored legacy preservation, professionalization, and tech-driven business transformation.
Day 2 saw accelerated commercial momentum as thousands of regional wholesalers, elite retail buyers, and trade delegates visited the exhibition halls. Exhibitors presented an extensive range of collections, spanning cutting-edge craftsmanship, lightweight daily wear, and heavy bridal jewellery.
Key highlights of Day 2 included:
- High-Volume B2B Engagement: Nationwide buyers placed substantial bulk orders, reflecting strong retail demand rebound ahead of the upcoming festive and wedding seasons.
- Operational Excellence: Streamlined visitor hospitality and floor management facilitated efficient business negotiations and trade deals.
- Knowledge Sharing: Industry seminars and walkthroughs addressed BIS hallmarking compliance, sustainable trade practices, and the integration of AI-driven inventory management tools.
GGJS 2026 wrapped up on a high note, delivering measurable business value to exhibitors and attendees alike. The event bridged classic craftsmanship with modern enterprise management, serving as an incubator for long-term partnerships and market growth. From empowering young entrepreneurs at the J20 Summit to facilitating high-value commercial transactions, this edition has demonstrated the resilience, dynamism, and future-readiness of the Indian jewellery sector.
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