National News

IBJA Youth Wing Successfully Hosts IBJA Youth Premier League at Grand Saya Resort

Published

10 months ago

June 30, 2025

1,067 Views

The Indian Bullion and Jewellers Association (IBJA) Youth Wing proudly announced the successful completion of the IBJA Youth Premier League, a two-day cricket extravaganza held on 27th and 28th June 2025 at the picturesque Grand Saya Resort.

The event brought together vibrant and passionate youth members of IBJA from across the industry, promoting camaraderie, wellness, and sportsmanship through the spirit of cricket. Held amidst an atmosphere of excitement and healthy competition, the tournament saw enthusiastic participation, strategic gameplay, and unforgettable moments both on and off the field.

With multiple teams representing different segments of the jewellery and bullion sector, the league format ensured fair play and showcased emerging talent within the community. The matches were conducted professionally, with live commentary, umpiring, and scorekeeping, reflecting the high standards set by the IBJA Youth Wing.

Mr. Prithviraj Kothari President of the IBJA , expressed his gratitude:

“We are delighted with the overwhelming response and sportsmanship displayed by our members. The IBJA Youth Premier League was more than just a cricket tournament—it was a celebration of unity, leadership, and the vibrant energy of the next generation of our industry.”

The Grand Saya Resort provided a perfect backdrop, combining luxury and leisure with a spirit of festivity and engagement. The event concluded with a grand awards ceremony, recognizing the winning team, standout performers, and the collective enthusiasm of all participants.

The IBJA Youth Wing continues to remain committed to fostering professional development, community building, and wellness-driven initiatives for young members of the industry.

In all there were 8 teams with more than 90 players who played 22 matches which included two celebrity matches for sponsors and other members too. Vardhman Lions team was declared the winner of the tournament.

National News

MCX Gold and Silver Experiencing Downward Pressure Amid Macroeconomic Headwinds

MCX Gold and Silver Face Tactical Bearish Pressures from Macro-Geopolitical Synergies, Yet Structural Uptrends Offer Opportunistic Entry Points Above Core Supports

Published

1 hour ago

April 24, 2026

JewelBuzz Spread The Buzz

1,974 Views

MCX Gold and Silver markets are experiencing downward pressure amid escalating geopolitical tensions and macroeconomic headwinds. This report provides a strategic analysis of current dynamics, leveraging real-time data for informed stakeholder decision-making.

Executive Summary

The MCX Gold futures have dipped below the pivotal Rs 1.51 lakh threshold per 10 grams, reflecting a 0.31% decline to Rs 1,49,950 in early trading on April 24, 2026, while Silver hovers around Rs 2.40 lakh per kg with a 0.56% drop to Rs 2,40,168. These movements stem from heightened US-Iran hostilities at the Strait of Hormuz, bolstering crude oil prices and inflationary expectations, which in turn elevate the opportunity cost of non-yielding bullion assets.

Market Performance Overview

Gold Pricing Dynamics: MCX Gold May futures opened lower at Rs 1,49,950, recovering marginally from sub-Rs 1.51 lakh lows after prior session gains to Rs 1,50,750; spot international gold trades below $4,700/oz.
Silver Pricing Trajectory: MCX Silver May futures at Rs 2,40,168, down from Rs 2,42,213, with intraday lows near Rs 2,39,200 amid a slower selloff pace versus recent sharp declines.
Volatility Metrics: Weekly declines accelerated by US Dollar strength (up ~1%) and 10-year Treasury yield surge (>2%), compressing bullion appeal in a high-rate paradigm.

Key Risk Drivers

Elevated energy costs from US-Iran escalations, including naval blockades and mine-laying incidents at the Strait of Hormuz, have intensified inflationary risks and fueled speculation of prolonged elevated interest rates by central banks. President Trump’s directives for US Navy interventions and indefinite ceasefire extensions underscore persistent geopolitical volatility, indirectly pressuring bullion as a safe-haven amid dollar dominance.

Strategic Outlook and Recommendations

Bullish momentum persists in medium-term technicals, with Gold targeting Rs 1.63 lakh and Silver Rs 2.80 lakh if supports hold, though near-term headwinds from yield curves and crude spikes warrant hedging strategies. Stakeholders should prioritize portfolio rebalancing toward diversified yield-bearing alternatives while monitoring Hormuz developments for pivot reversals.

MCX Gold and Silver face tactical bearish pressures from macro-geopolitical synergies, yet structural uptrends offer opportunistic entry points above core supports—positioning for volatility-normalized alpha generation.