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 Completes 9th Export Training Programme In Delhi
The Three-Day Programme Equipped Aspiring Exporters With Practical Knowledge On Export Procedures, Compliance, Government Schemes and Global Market Opportunities, While Highlighting GJEPC’s Export Promotion Initiatives.
Programme brought together 12 participants, including entrepreneurs, aspiring exporters and industry professionals.
GJEPC has concluded the ninth batch of its three-day training programme, How to Begin Gem & Jewellery Exports, aimed at equipping aspiring exporters with the knowledge and practical skills needed to enter international markets.
Organised by the GJEPC Regional Office, Delhi, the programme brought together 12 participants, including entrepreneurs, aspiring exporters and industry professionals. The training covered key aspects of the export business, including export procedures, documentation, the Foreign Trade Policy, export compliance, government schemes, market development and opportunities in overseas markets. Participants also gained practical insights into navigating international trade and expanding their global reach.
The sessions were led by Ranjan Upreti, Foreign Trade Consultant, alongside Council Secretariat officials Mithlesh Pandey, Ashish Sakhardande, Ashutosh Srivastava and Sanjay Madaan, who shared their expertise on various aspects of the export ecosystem.
Participants were also introduced to GJEPC’s export promotion initiatives and support services, including market facilitation, capacity-building programmes, trade promotion activities and international networking opportunities designed to help businesses expand overseas.
The programme concluded with a valedictory session, where Antarpal Singh Sawhney, Regional Chairman – North, GJEPC, presented certificates to the participants. Addressing the attendees, he stressed the importance of compliance, due diligence, ethical business practices and effective risk management in building sustainable export businesses.
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