National News
Gudi Padwa jewellery sales flat; demand for gold coins surges
Gold prices have surged to nearly Rs 90,000 per 10 grams (excluding GST) in the physical market, leading to a noticeable decline in jewellery sales in Maharashtra/Goa during Gudi Padwa, a festival traditionally associated with gold purchases. Despite this, demand for gold coins as an investment remains strong, as consumers anticipate further price appreciation. Mumbai’s largest gold hub has observed a shift in consumer behavior toward gold coins and bars. Traders said that buyers are purchasing gold coins with the expectation of future price increases.
As of Gudi Padwa, gold prices have reached nearly Rs 90,000 per 10 grams, making gold jewellery significantly more expensive. Higher prices have deterred traditional jewellery buyers, shifting demand towards investment-oriented purchases, such as gold coins. Industry experts anticipate that gold prices may continue to rise, reinforcing gold’s status as a long-term store of value.
Equal demand was observed between gold jewellery and investment-grade coins. Retailers introduced discounts and exchange offers, but high prices still impacted sales volume.Tier-2 cities experienced similar trends, with more gold coin buyers than jewellery shoppers. Lightweight jewellery, silver accessories, and gold-plated ornaments saw higher traction compared to heavy gold jewellery.
Global trade tensions and potential U.S. Fed rate cuts are boosting gold’s attractiveness as an investment. Investors are shifting towards gold due to its historical role as a hedge against inflation and economic instability The Indian Rupee’s performance against the U.S. Dollar is also a contributing factor to local gold price fluctuations.
National News
GJEPC Hosts UK Trade Interaction In Kolkata To Boost Exports
British Deputy High Commissioner Highlighted Emerging Opportunities In The UK Market and Outlined The Support Available To Indian Businesses Through The UK High Commission. Exporters Discussed Their Experience and Interest In Participating In International Trade Fairs In The UK,
India’s GJEPC) held a trade interaction with British diplomats in Kolkata on Sept. 9 to boost gem and jewellery exports to the United Kingdom, the industry body said.
- The meeting, led by GJEPC Eastern Region Chairman Pankaj Parekh and British Deputy High Commissioner Andrew Fleming, convened over 20 regional exporters and prominent local jewellers.
- Dr. Fleming highlighted emerging opportunities in the UK market and outlined the support available to Indian businesses through the UK High Commission. Exporters discussed their experience and interest in participating in international trade fairs in the UK,
- Discussions focused on expanding trade under the India-UK Comprehensive Economic and Trade Agreement (CETA), launched on July 15, 2026.
- The event highlighted six regional exporters who recently completed their maiden shipments to the UK from Kolkata port under the new trade pact.
- British officials, including Deputy Consul Sandip Choudhary, addressed trade bottlenecks, tariff barriers, and participation in UK trade fairs, pledging ongoing support to facilitate market access for Eastern Region exporters.
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