National News
Gold Slips Below Rs 1.45 lakh On MCX As Middle East Tensions Rise
Despite The Drop In Domestic Trade, Global Gold Prices Remained Supported By dip-Buying. Bullion Traded Near $4,130 An Bounce After Rising 3% Over The Previous Two Sessions
Gold prices declined on the Multi Commodity Exchange of India (MCX) as escalating tensions in the Middle East weighed on sentiment. The August gold futures contract fell 0.31% to Rs 1,44,963 per 10 grams, while the September silver futures slipped 0.23% to Rs 2,26,474 per kg.
Despite the drop in domestic trade, global gold prices remained supported by dip-buying. Bullion traded near $4,130 an ounce after rising 3% over the previous two sessions, even as concerns over higher oil prices and inflation kept investors cautious
A sharper rise in crude oil prices has reinforced expectations that inflation could stay elevated for longer, potentially prompting the US Federal Reserve to keep rates higher. That outlook has kept pressure on precious metals even as geopolitical uncertainty continues to support safe-haven demand.
National News
Adv. S. Abdul Nazar, State General Secretary Of KGSMA, Met With Chief Minister Sri V.D. Satheesan
Kerala Gold Trade Seeks Government Support For Jewellery Park and Sector Development
Adv. S. Abdul Nazar, State General Secretary of the Kerala Gold and Silver Merchants Association (KGSMA), met with Kerala Chief Minister Shri V.D. Satheesan. He brought various issues and matters concerning Kerala’s gold trade sector—including the ‘Jewellery Park’ project proposed in the state budget—to the Chief Minister’s attention. The Chief Minister assured him that a meeting of relevant stakeholders would be convened to discuss the challenges and future development plans of the gold trade sector in detail.
Adv. S. Abdul Nazar expressed his happiness and gratitude to the Chief Minister for the successful and grand organization of the KGSMA state convention, and KJIF show which had been inaugurated by the Chief Minister.
The KGSMA is hopeful of receiving government support for projects such as the Jewellery Park, aiming to revitalize Kerala’s gold trade and manufacturing sectors and create more employment opportunities.
Adv. S. Abdul Nazar, State General Secretary Of KGSMA, Met With Chief Minister Sri V.D. Satheesan
MCX Gold Futures Traded Flat,Silver Prices Decline
Union Home Minister Shri Amit Shah Graces 52nd India Gems & Jewellery Awards; GJEPC Charts US$100 Billion Export Vision For Indian Gem & Jewellery Industry
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Adv. S. Abdul Nazar, State General Secretary Of KGSMA, Met With Chief Minister Sri V.D. Satheesan
Union Home Minister Shri Amit Shah Graces 52nd India Gems & Jewellery Awards; GJEPC Charts US$100 Billion Export Vision For Indian Gem & Jewellery Industry
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National News4 days agoLimelight Lab Grown Diamonds Inaugurates Showroom In Kalyan, Its 8th Exclusive Store MMR
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National News23 minutes agoAdv. S. Abdul Nazar, State General Secretary Of KGSMA, Met With Chief Minister Sri V.D. Satheesan
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National News2 hours agoUnion Home Minister Shri Amit Shah Graces 52nd India Gems & Jewellery Awards; GJEPC Charts US$100 Billion Export Vision For Indian Gem & Jewellery Industry
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National News2 hours agoMCX Gold Futures Traded Flat,Silver Prices Decline
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