National News
Grand unveiling of GJIIF 2025 in Chennai
Formal inauguration by Pramod Agarwal Derewala
Gem & Jewellery India International Fair (GJIIF) 2025 was unveiled at Chennai Trade Centre, Chennai. The show was formally inaugurated by Chief Guest Shri. Pramod Agarwal ‘Derewala’, Chairman- Derewala Industries and Chairman- National Gems & Jewellery Council of India in the presence of Jayantilal Challani, President, The Jewellers And Diamond Traders Association – Madras.
Present at the inauguration were distinguished guests: Sabarinath, President, Tamil Nadu Jewellers Federation, Santha Kumar, Secretary, MJDTA, Yogesh, Treasurer MJDTA, Ravindran, Secretary, TNJF, Manoharan, Treasurer, TNJF, Shantilal, State Chief, Andhra Association, Chetan Kumar Mehta, President, Jewellers Association, Bengaluru, Surendran, AKGSMA.
Distinguished overseas Visitor Partners from Malaysia present were Datuk Abdul Rasull Bin Abdul Razak, President, Malaysia Indian Goldsmith and Jewellers Association, Dato Wira Louis Ng, President, Malaysia Gold Association. Also present was Wan Ahmad Tarmizi, Trade Consul, Malaysian Consulate -Trade Section. Representing United Exhibitions were VK Manoj, Project Director, United Exhibitions, Mohandas, CEO, United Exhibitions
National News
MCX Gold Futures Trade Near ₹1.42 Lakh Amid Dollar Strength and Fed Rate Cues
Persistent Inflation Concerns and Hawkish Policy Cues From The US Federal Reserve Continue To Weigh On Non-Yielding Bullion.
Multi Commodity Exchange (MCX) gold futures for the December contract traded in the range of Rs 1,42,324 to Rs 1,43,150 per 10 grams, reflecting recent market pressure driven by a stronger US dollar and expectations of high-for-longer interest rates from the US Federal Reserve.
Key Market Highlights
MCX December Gold Futures: ~Rs 1,42,324 – Rs 1,43,150 per 10 gramsMCX Benchmark (Previous Close Range): ~Rs 1,44,100 per 10 grams. Domestic Physical Rates: Rs 1,43,290 per 10g (24K) | Rs 1,31,350 per 10g (22K).
COMEX Gold (International Reference): ~$4,068.70 per ounce
Market Drivers
US Fed Rate Outlook: Persistent inflation concerns and hawkish policy cues from the US Federal Reserve continue to weigh on non-yielding bullion.
Firm US Dollar: A strengthening US dollar has increased the cost of dollar-denominated gold across global and domestic markets.
Festive Domestic Demand: Local buying ahead of Dhanteras and the festive season continues to provide intermittent support, cushioning broader price pullbacks.
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