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 Surges Past Rs 1.50 Lakh, Rally Builds On Optimism Over Potential Middle East Truce Talks
Rally Signals A Cautious But Firm Upward Trend In Global Markets.
On April 1, 2026, India’s Multi-Commodity Exchange (MCX) witnessed a notable uptick in gold futures, with prices climbing 1.02% to Rs.1,52,298 per 10 grams for 24-carat purity, surpassing the Rs.1.50 lakh threshold. Silver followed suit, edging up 0.35% to Rs.2,41,736 per kilogram for 999 purity. Internationally, spot gold advanced 0.58% to $4,674 per ounce, while silver dipped marginally by 0.17% to $74.79 per ounce. These movements reflect a market gripped by caution, as investors parse the interplay of escalating crude oil prices, a resilient U.S. dollar, and constrained energy supplies—counterbalanced by tentative signals of de-escalation in West Asia from U.S. and Iranian diplomatic channels.
This gold rally builds on Tuesday’s gains, fueled by optimism over potential Middle East truce talks. Yet, the broader narrative reveals underlying pressures: bullion has plummeted over 13% this month alone, charting its sharpest monthly decline since October 2008. A fortified dollar has eroded affordability for non-U.S. currency holders, while surging energy costs have eroded prospects for U.S. Federal Reserve rate cuts in 2026, dampening safe-haven demand. The dollar’s slight easing offers some relief, rendering dollar-denominated commodities more accessible globally. Quarterly, gold remains modestly ahead by about 5%, underscoring its resilience as a hedge despite short-term headwinds.
For stakeholders in India’s gems and jewellery sector—particularly MSMEs reliant on precious metals imports—these dynamics demand a vigilant strategy. A stronger rupee against the dollar could mitigate input costs, but persistent West Asian volatility risks supply chain disruptions and inflated hedging expenses.
Domestic fabricators and exporters should monitor Iran-U.S. negotiations closely, as de-escalation could stabilize crude benchmarks and revive rate-cut hopes, potentially lifting silver’s industrial demand in electronics and solar applications. Forward contracts on MCX and diversified portfolios blending physical bullion with digital gold alternatives emerge as prudent tactics. As energy transitions reshape global trade, precious metals’ dual role as both barometer and bulwark positions them centrally in the evolving jewellery market landscape.
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National News22 minutes agoMCX Gold Surges Past Rs 1.50 Lakh, Rally Builds On Optimism Over Potential Middle East Truce Talks
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