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
Lower Gold Prices Is Driving Jewellery Demand in India
For The First Time In Over Three Months, Indian Dealers Are Selling Gold At A Premium
Domestic gold prices dropped to around Rs 148,200 per 10 grams on Friday (after touching a two-week low of Rs 145,627).
Back in Demand: Because prices dropped and the wedding/festival season is starting, people are buying more gold jewelry.
Selling at a Premium: For the first time in over three months, Indian dealers are selling gold at a premium (up to +$7/ounce over official domestic prices), compared to last week’s discount (-$6/ounce).
Supply Shortage: Gold imports dropped massively in September ($1.8 billion vs. $9.6 billion last year), creating a tight local supply.
Mutual Fund Freeze: Several major Indian mutual funds have paused large investments into Gold ETFs.
Rest of Asia: Buyers Stay Cautious
China: Demand remains low because global gold prices are swinging wildly, making buyers hesitate. Gold traded at premiums of $4 to $13/ounce.
Singapore & Hong Kong: Mild activity, with small premiums ($0.50 to $1.70 in Singapore; flat to $1.50 in Hong Kong).
Japan: Buying interest remains weak among both everyday consumers and investors (-$0.25 discount to +$0.50 premium).
Lower Gold Prices Is Driving Jewellery Demand in India
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Actress Sonal Chauhan Inaugurates KISNA’s Largest Jewellery Showroom In Bhubaneswar, Marks 171st Showroom In India and 9th In Odisha
Actress Sonal Chauhan Inaugurates KISNA’s Largest Jewellery Showroom In Bhubaneswar, Marks 171st Showroom In India and 9th In Odisha
GJEPC Paris Jewellery Summit: India & France Explore New Frontiers in Luxury Jewellery
Lower Gold Prices Is Driving Jewellery Demand in India
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