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
Gold and Silver Prices Slide In Early Domestic Trading
The Price Decline Followed Reports That Iranian Foreign Minister Abbas Araqchi Met Indirectly With U.S. Envoys Steve Witkoff and Jared Kushner Via Mediators
Gold and silver prices fell in early domestic trading on Thursday, as preliminary talks between Washington and Tehran curbed safe-haven interest.
On the Multi Commodity Exchange (MCX), gold futures for October 5 delivery dipped nearly 0.12% to Rs 151,071 per 10 grams at approximately 09:05 AM IST. Silver contracts for December 4 delivery slid 0.53% to Rs 234,650 per kg.
The price decline followed reports that Iranian Foreign Minister Abbas Araqchi met indirectly with U.S. envoys Steve Witkoff and Jared Kushner via mediators on Tuesday—their first contact since a July ceasefire collapsed.
Physical retail bullion tracking mirrored the broader futures weakness:​24-Karat Gold: Rs 151,101 per 10 grams, down Rs 69 (-0.11%).​Silver (999 Fine): Rs 234,821 per kg, down Rs 1,165 (-0.49%). 24-carat gold stood at Rs 151,840 per 10 grams earlier in the week, with 22-carat gold at Rs 139,187 per 10 grams.
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