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, Silver Decline On Weak Global Cues
Global Spot Gold Just Touched An Eight-Month Low, Dipping Below The $4,000 Psychological Barrier
India’s MCX gold prices took a heavy hit, dropping over Rs 1,650 (1.2%) to hover around Rs 140,750 per 10 grams. Silver didn’t escape the pressure either, sliding below the Rs 218,600 per kg mark.
What’s driving the sell-off? A weak international market. Global spot gold just touched an eight-month low, dipping below the $4,000 psychological barrier, while spot silver tumbled under $58 per ounce. Both metals are currently down up to 1.5%.
Meanwhile, energy markets are playing it cool. Crude oil remained virtually flat, with Brent scraping $74 per barrel and US WTI holding steady near $71.
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