Connect with us

National News

Indian precious metals markets show significant upward momentum

Published

on

Indian precious metals markets demonstrated significant upward momentum on February 9, 2026, with gold and silver prices registering notable gains driven by favorable global market conditions and currency dynamics. This analysis examines the multi-faceted drivers behind this price movement and their implications for market participants.

Gold Futures (MCX)

  • April 2026 contract opened at Rs.1,56,000 per 10 grams, representing a 0.35% gain
  • March 2026 contract traded within a range of Rs.1,54,224–Rs.1,57,000
  • Settlement at Rs.1,54,825, reflecting a substantial Rs.2,308 gain (1.50% increase)

Silver Futures (MCX):

  • March 2026 contract opened approximately 4% higher at Rs.2,59,887 per kilogram
  • Spot market pricing reached Rs.2,84,900 per kilogram across major trading centers

Spot Market Indicators:

  • 24-karat gold approached Rs1,56,590 per 10 grams in key metropolitan markets
  • Regional price variations observed across Indian cities based on local demand dynamics

The current price action suggests sustained bullish sentiment in the near term, supported by the confluence of favorable currency movements, inflation hedging demand, and technical buying interest. Market participants should monitor upcoming RBI policy announcements and global macroeconomic data releases, as these will likely influence volatility and directional bias in the coming sessions.

The observed trading activity on MCX reflects robust participation levels, indicating healthy liquidity conditions that support efficient price discovery and risk management for hedgers and speculators alike.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted

National News

Rajiv Jain Elected Chairman Of Jaipur Jewellery Show

The members expressed their confidence that, under his leadership, JJS will continue to achieve new milestones while further strengthening its position as one of the country’s premier gem and jewellery exhibitions.

Published

on

The Jaipur Jewellery Show Organising Committee has unanimously elected  Rajiv Jain as the Chairman of Jaipur Jewellery Show (JJS).  Rajiv Jain is a distinguished industry leader with decades of exemplary service to the gem and jewellery sector and had held many important positions.

A few of the key positions held by him are: Past Chairman, Gems & Jewellery Export Promotion Council (GJEPC), sponsored by the Ministry of Commerce & Industry, Government of India; Chairman, Confederation of Indian Industry (CII), Rajasthan; Founder Chairman, Museum of Gems & Jewellery, Jaipur; and Past Chairman, Indian Institute of Gems & Jewellery, Jaipur (IIGJ Jaipur).

Rajiv Jain succeeds Vimal Chand Surana, who has served as the Chairman of JJS for the past 19 years. Under his visionary leadership, Jaipur Jewellery Show has evolved into one of India’s most respected and successful gem and jewellery exhibitions. In recognition of his distinguished service, exemplary leadership, and invaluable contribution to the growth of JJS, the Organizing Committee has unanimously named him as the Patron of Jaipur Jewellery Show.

Following these appointments, the Executive Committee of Jaipur Jewellery Show (JJS) is constituted as under: Vice Chairman,  Dinesh Khatoria; Secretary,  Kamal Kothari; Joint Secretary,  Ajay Kala; Joint Secretary,  Ashok Singhi; and Treasurer, Dr. Nawal Agrawal.

The members conveyed their heartfelt congratulations to Shri Rajiv Jain on his unanimous election as Chairman and expressed their confidence that, under his leadership, Jaipur Jewellery Show will continue to achieve new milestones while further strengthening its position as one of the country’s premier gem and jewellery exhibitions.

The Organizing Committee looks forward to the continued support and active cooperation of all Committee Members and Sub-Committee Members in carrying forward the vision and legacy of Jaipur Jewellery Show.

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x