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 Sees Slight Decline Driven By A Firming US Dollar Index
The Dip In Domestic Gold Prices Reflects Broader Pressure Across Precious Metals Globally As Bullion Markets Adjust To International Currency Dynamics
Gold futures contracts trading on the Multi Commodity Exchange of India (MCX) registered a slight decline during Wednesday’s trading session, driven by a firming US dollar index and ongoing investor caution ahead of key global macroeconomic releases.
The MCX Gold December futures contract was quoted at Rs 1,48,274 per 10 grams, down Rs 1,269 or 0.85% from its previous close.Â
The dip in domestic gold prices reflects broader pressure across precious metals globally as bullion markets adjust to international currency dynamics.
​Firm US Dollar: Strength in the US Dollar Index continues to make dollar-denominated commodities more expensive for international buyers, weighing on sentiment across major commodity exchanges.
​Macroeconomic Data Expectations: Market participants are adopting a cautious stance ahead of upcoming international inflation data and macroeconomic policy signals, which are expected to shape near-term central bank monetary stances.
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