National News
JOSH convocation ceremony celebrates graduates, including specially abled candidates
The Jewellery Occupational Skilling Hub (JOSH), the first-ever industry-funded, state-of-the-art training centre of the Gem & Jewellery Skill Council of India (GJSCI), held its convocation ceremony at Bharat Ratnam Mega CFC SEEPZ, Mumbai on 12th February. The event celebrated the graduation of 136 candidates, comprising the ninth batch of regular trainees and the second and third batches of Specially Abled Persons.
The convocation was graced by dignitaries including chief guest Mr. Dnyaneshwar B. Patil, IAS, Development Commissioner, SEEPZ-SEZ; Mr. Raghuraj Rajendran, IAS, Secretary (Technical Education), Skill Development and Employment, Government of Madhya Pradesh; and Mr. Sriram Natarajan, Managing Director, Gemological Institute of America (GIA); Also present on the occasion was Shri. Milan Chokshi, Chairman, GJSCI.
In his welcome address, Mr. Milan Chokshi congratulated the graduates for their dedication and perseverance in joining the gems and jewellery industry. He also extended gratitude to industry partners, including Mega CFC, SEEPZ Development Commissioner’s office, and GIA, for their continuous support in bridging the skill gap in the sector.
National News
MCX Gold Futures Trade Near ₹1.42 Lakh Amid Dollar Strength and Fed Rate Cues
Persistent Inflation Concerns and Hawkish Policy Cues From The US Federal Reserve Continue To Weigh On Non-Yielding Bullion.
Multi Commodity Exchange (MCX) gold futures for the December contract traded in the range of Rs 1,42,324 to Rs 1,43,150 per 10 grams, reflecting recent market pressure driven by a stronger US dollar and expectations of high-for-longer interest rates from the US Federal Reserve.
Key Market Highlights
MCX December Gold Futures: ~Rs 1,42,324 – Rs 1,43,150 per 10 gramsMCX Benchmark (Previous Close Range): ~Rs 1,44,100 per 10 grams. Domestic Physical Rates: Rs 1,43,290 per 10g (24K) | Rs 1,31,350 per 10g (22K).
COMEX Gold (International Reference): ~$4,068.70 per ounce
Market Drivers
US Fed Rate Outlook: Persistent inflation concerns and hawkish policy cues from the US Federal Reserve continue to weigh on non-yielding bullion.
Firm US Dollar: A strengthening US dollar has increased the cost of dollar-denominated gold across global and domestic markets.
Festive Domestic Demand: Local buying ahead of Dhanteras and the festive season continues to provide intermittent support, cushioning broader price pullbacks.
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