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
SEBI proposes price bands for gold and silver ETFs
The unprecedented volatility in the prices of gold and silver in recent weeks has prompted markets regulator Sebi to have a closer look at the price bands and circuit filters for exchange traded funds (ETFs).
Sebi proposed to put +/-20% price bands on ETFs on two precious metals, gold and silver. Part of the price band could also depend on the volatility in prices of these metals in the international markets, Sebi said. The regulator is also proposing graded price bands for ETFs on debt and equity indices, with a similar +/-20% range.
In the seven-page consultation paper, Sebi proposed an initial price band of +/-6% for gold and silver ETFs, which may be flexed up to +/-20% during the trading day subject to a cooling off period.
After exhausting the initial price band there will be a cooling-off period of 15 minutes, thereafter the price band will be flexed by 3%. In case the price movement in the international markets is more than the aggregate daily price limit (DPL) of 9%, the same may be further relaxed in stages of 3% by the exchange with a cooling-off period of 15 minutes. The single day maximum variation of +/-20% would be applicable
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