National News
IIJS Bharat Premiere 2026 Conducts Nepal Buyer Outreach
The Outreach Campaign Covered Kathmandu, Lalitpur, Pokhara and Chitwan To Strengthen Buyer Participation For IIJS Bharat Premiere 2026.
GJEPC Expands Nepal Outreach to Boost International Buyer Participation for IIJS Bharat Premiere 2026
The Gem & Jewellery Export Promotion Council (GJEPC) intensified its international buyer outreach for IIJS Bharat Premiere 2026 through an extensive roadshow across Nepal, engaging leading jewellery associations, trade bodies, retailers, and industry stakeholders to encourage visitor registrations for the upcoming show.
Led by Ajay Purohit, Deputy Head – International Events, GJEPC, the delegation covered Kathmandu, Lalitpur, Pokhara, and Chitwan, meeting key industry leaders and extending invitations to buyers, wholesalers, manufacturers, and trade associations.
In Kathmandu, the delegation held discussions with Shakti Beghani, President of the Nepal Gems & Jewellery Association, along with the association’s office bearers. Separate meetings were also conducted with Keshabh Sunar, President of the Nepal Gold Silver Craft Business Association, and Hari Rasailli, Executive Director of the Nepal Gold Silver Art Business Association.
The outreach continued in Lalitpur, where the delegation met Krishna Lal Maharjan, President of the Lalitpur Gems & Jewellery Association. Another significant engagement was held with Arjun Rasailli, President of the Federation of Nepal Gold & Silver Dealers Association (FENEGOSIDA), which represents nearly 25,000 jewellers, artisans, and dealers across Nepal.
As part of the programme, GJEPC also paid a courtesy visit to Kishan Sunar, President of the Federation of Nepal Gold Silver Gems and Jewellery Association (FNGSGJA), the country’s apex body representing district-level jewellery associations and associate members. Meetings were further held with executive board members of the Nepal Gold Silver Gem & Jewellery Entrepreneur Union in Pokhara and the Nepal Gold & Silver Dealers Association in Chitwan.
The Nepal mission forms part of GJEPC’s global international roadshow programme for IIJS Bharat Premiere 2026, covering major jewellery markets including the UK, Saudi Arabia, Sri Lanka, Bangladesh, Nepal, Malaysia, Thailand, Vietnam, Turkey, Uzbekistan, Kazakhstan, Kyrgyzstan, and the GCC region, including the UAE, Kuwait, Bahrain, and Qatar.
National News
MCX Gold, Silver Move North On June US Employment Report
MCX Gold Futures Reclaimed the ₹1.48 lakh Mark
MCX Gold Futures reclaimed the Rs 1.48 lakh mark, hitting an intraday high of Rs 1,48,046 per 10 grams before stabilizing around Rs 1,47,845 (up 1.43%). Spot Gold (Global) surged by 1.5% to trade at $4,185 per ounce, rapidly closing in on the $4,200 level.
MCX Silver Futures zoomed up by Rs 4,457 or 1.91% to trade near Rs 2,37,761 per kg, after touching an intraday high of Rs 2,38,216 per kg. Spot Silver (Global) climbed more than 2.3% to trade comfortably above $62 per ounce.
The primary catalyst behind the bullish reversal was the June US employment report, which indicated a cooling US economy.
Nonfarm Payrolls: The US added just 57,000 jobs in June—the lowest hiring momentum in four months—well below the market expectation of 110,000 jobs.
Unemployment Rate: The rate edged down from 4.3% to 4.2%. However, economists noted that the decline was largely due to a weaker labour force participation rate, which fell to 61.5%, rather than stronger hiring activity.
Sectoral Shifts: Professional and business services (+36,000) and healthcare (+22,000) led job gains, while the leisure and hospitality sector recorded a sharp decline of 61,000 jobs.
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