National News
Jewellers’ Conclave and IIJS Premiere 2025 Roadshow Held in Lucknow to Empower Local Trade
The Gem & Jewellery Export Promotion Council (GJEPC), in association with the Sarafa Wing of the Uttar Pradesh Vyapar Mandal, hosted a Jewellers’ Conclave and IIJS Premiere 2025 Roadshow in Lucknow. The event brought together over 125 participants with the goal of empowering local jewellers by providing insights into export potential, modern business strategies, and government-led support schemes.
Sanjay Gupta, President of the Uttar Pradesh Vyapar Mandal, underscored the growing importance of technology and timely information in enabling local jewellers to compete in global markets.
Mithilesh Pandey, Director – Membership at GJEPC, addressed the audience on crucial topics such as export documentation, global trade shows, GJEPC’s IJEX platform in Dubai, MSME support schemes, and upcoming events in Dubai and Doha. He also outlined the various benefits associated with GJEPC membership, encouraging wider participation from the region.
Naheed Sunke, Assistant Director at GJEPC, spoke about the pivotal role of IIJS Premiere in shaping the future of India’s gem and jewellery industry, highlighting its relevance for growing businesses.
Manoj Chaurasia, Director of the District Industries Centre (DIC), Lucknow, provided practical guidance on both Central and State government MSME schemes, offering valuable insights for small and medium-sized jewellery enterprises.
The event served as a strategic knowledge-sharing platform, aimed at integrating Uttar Pradesh’s jewellers more closely with national and international industry developments.
National News
Gold & Precious Metals – A future outlook
The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary- IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.
Some salient points made by the panelists:
- Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
- Till the banking system doesn’t collapse, gold price will continue to rise


- Jewellers were advised to use a mix of futures and options for risk mitigation


- Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
- Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.
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