International News
India Pavilion at HK twin shows showcases exceptional craftsmanship
The HK twin shows serve as a strategic platform for India to spotlight its exceptional craftsmanship.
The India Pavilion, organised by GJEPC, is making a distinguished presence at Hong Kong’s premier gem and jewellery exhibitions — the Hong Kong International Diamond, Gem & Pearl Show (DGP) from 2nd to 6th March 2026 at AsiaWorld-Expo (AWE), and the Hong Kong International Jewellery Show from 4th to 8th March 2026 at the Hong Kong Convention and Exhibition Centre (HKCEC).
The Pavilion was formally inaugurated by Hon’ble Rajesh N. Naik, Consul General of India, Hong Kong, alongside Simlely Lam, Assistant Executive Director, HKTDC, and Mandy Ng, Director – Exhibitions and Digital Business.
Spanning an impressive 1,350 sq m, the India Pavilion brings together 100 exhibitors across 150 booths, showcasing a diverse and compelling range of offerings across key segments including Loose Diamonds, Lab-Grown Diamonds and Jewellery, Gemstones, Studded Jewellery, Fine Jewellery, and Silver Jewellery.
The twin shows serve as a strategic platform for India to spotlight its exceptional craftsmanship, gain insights into emerging global trends, and explore new business opportunities. With Hong Kong remaining one of India’s most significant export markets, the exhibitions play a vital role in deepening trade relationships and reinforcing India’s growing influence in the global gem and jewellery industry.
International News
Gold continues to get strength on the Middle East conflict
Safe-haven surge lifts bullion to multi-decade highs as Strait of Hormuz crisis fuels oil spike, dollar strength caps gains, and markets eye fresh breakouts toward $5,500 gold and $100 silver.
Safe Heaven hedge – Gold has extended its longest winning streak since 1973, underscoring its role as a core safe-haven asset during periods of systemic stress. With a key global trade chokepoint effectively locked and geopolitical instability intensifying, investors have decisively rotated away from risk assets toward bullion.Â
Geopolitical Tensions – US President Donald Trump signaled that military operations against Iran could persist for a month or longer, heightening fears of a prolonged conflict. In response, Iran declared the Strait of Humroz closed and warned it would target vessels attempting transit. Given that nearly 20% of global oil supply moves through this corridor, crude prices have surged, amplifying inflationary and growth concerns worldwide.
Dollar Strength – Despite strong safe-haven demand, gold and silver witnessed intermittent profit-booking as the US dollar strengthened to five-week high. The greenback gained support from safe-haven inflows and expectations that rising energy prices could stoke inflation, potentially delaying Federal Reserve rate cuts and supporting US yields in the near term. Pressure also intensified as the ISM Manufacturing Prices Index leaped to 70.5, a 11.5 point jump that signaled reignited inflation.
Gold – Support & Resistance Levels
| Market Type | Support Level | Resistance Level |
|---|---|---|
| International | $5150/oz | $5500/oz |
| Domestic | Rs 158,000/10 gm | Rs 172,000/10 gm |
   Silver – Support & Resistance Levels
| Market Type | Support Level | Resistance Level |
|---|---|---|
| International | $85/oz | $100/oz |
| Domestic | Rs 255,000/kg | Rs 300,000/kg |
Technical Triggers
- After achieving the target of $5400 (~ Rs. 1,67,000), Gold prices are consolidating and building a base for the new bullish momentum towards $5500 (~ Rs. 1,72,000) and $5600 (~ Rs. 1,76,000).
- After achieving the target of $93 (~ Rs. 2,85,000), Silver prices are expected to consolidate and build a base around $85 and $95 before resuming for the new bullish momentum towards the next resistance level of $100 (~ Rs. 300,000).
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