National News
Jewellery Exports Made Easier: GJEPC Teams Up with Delhi Customs for Hand-Carry Reforms”
The Gem & Jewellery Export Promotion Council (GJEPC) convened a key meeting with senior Customs officials in New Delhi on 6 May to discuss and finalise draft Standard Operating Procedures (SOPs) aimed at simplifying the hand-carriage process for import and export shipments in the jewellery sector.
The meeting, held at the office of the Chief Commissioner of Customs, focused on addressing logistical challenges and enhancing procedural efficiency for exporters hand-carrying jewellery for international exhibitions and business purposes.
Mr. Antarpal Singh Sawhney, Regional Chairman – North, GJEPC, led the discussion on behalf of the exporting community, highlighting persistent issues related to the deposit and release of hand-carry jewellery shipments at the Passenger Cargo Wing (PCW), Celebi Cargo. He emphasised the need for a smoother, more transparent process to support the sector’s global outreach.
High-level Customs officials, including the Commissioner and Principal Commissioner of Customs (ACC Exports) and the Commissioner (Airport Imports), took part in the discussion. From GJEPC, Mr. Anil Sankhwal, Convener of the Studded Jewellery Panel; Mr. K.K. Duggal, Director – Policy; and Mr. Sanjeev Bhatia, Regional Director – North, were also present.
The meeting marked a constructive step toward implementing streamlined procedures that would ease compliance and encourage greater participation of Indian jewellery exporters in international markets.
National News
Gold Rebounds in India After Five-Day Slide; Dollar Strength Keeps Pressure Intact
Despite the rebound in retail prices, futures trading remained largely muted.
Gold prices in India posted their first significant rebound in six sessions on Saturday, recovering after a sharp five-day decline that had rattled the domestic bullion market.
The price of 24-karat gold rose by Rs. 2,510 per 10 grams to Rs.163,640 on March 7, according to market data. The recovery comes after bullion prices fell steeply earlier in the week, with gold dropping nearly Rs.11,000 per 10 grams—or about Rs.110,000 per 100 grams—between March 2 and March 6.

Despite the rebound in retail prices, futures trading remained largely muted. On the Multi Commodity Exchange of India, gold futures closed Friday’s evening session almost unchanged at around Rs. 161,675 per 10 grams.
Global cues continue to shape the domestic trend. Spot gold climbed above $5,120 an ounce, lending support to local prices after several sessions of losses.
However, bullion markets remain under pressure from macroeconomic factors. A stronger U.S. dollar and rising U.S. Treasury yields—fueled in part by a rally in crude oil prices and renewed inflation concerns—have dampened investor appetite for precious metals in recent days.
Silver prices have also faced similar headwinds, reflecting broader movements in global commodity and currency markets.
Analysts say the near-term outlook for bullion will largely depend on the trajectory of the dollar and bond yields, which continue to dictate flows into safe-haven assets such as gold.
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