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 Open Marginally Lower, Silver Prices Move Higher
Gold and Silver Are Consolidating As Expectations Of Rates Staying Higher For Longer Keep Sentiment In Check, With Markets Awaiting Fresh Cues From Fed Officials
Gold futures opened marginally lower on India’s Multi Commodity Exchange (MCX) on Wednesday, while silver prices moved higher, taking cues from international markets where lower crude oil prices provided underlying support to precious metals.
Oil prices fell for a sixth straight session following comments from U.S. President Donald Trump regarding productive diplomatic engagements with Iranian officials, easing geopolitical risk premiums.
On Wednesday, precious metals on India’s Multi Commodity Exchange (MCX) posted mixed performance, with benchmark October gold futures opening Rs 141 lower at Rs 152,575 per 10 grams before easing further to trade at Rs 152,550 (down 0.11%), within an intraday range of Rs 152,549 to Rs 152,848 and remaining below its 52-week high of Rs 180,779. In contrast, December silver futures gained momentum, opening Rs 424 higher at Rs 240,312 per kg and rising to Rs 240,341 (up 0.19%) within a session range of Rs 240,092 to Rs 240,481, off its peak of Rs 420,048.
Gold and silver are consolidating as expectations of rates staying higher for longer keep sentiment in check, with markets awaiting fresh cues from Fed officials..
Meanwhile, global markets reflected modest gains on COMEX; gold futures opened at $4,394.70 per ounce before trimming gains to trade at $4,377.80 (up $1.40) against its 52-week peak of $5,586.20, while silver futures opened at $67.61 per ounce and settled near $67.07 (up $0.54), well below its 52-week high of $121.79.
MCX Gold Futures Open Marginally Lower, Silver Prices Move Higher
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