National News
Legacy Brand Jagannath Gangaram Pednekar Jewellers Receives IAGES Accreditation
Strengthening Trust: JGP Jewellers Earns Prestigious IAGES Accreditation Across 24 Stores
Family-run legacy brand Jagannath Gangaram Pednekar (JGP) Jewellers has reinforced its commitment to transparency, accountability and consumer trust, with the Indian Association for Gold Excellence and Standards (IAGES) accreditation it has received across its 24 stores in Maharashtra and Goa.
As India’s gold industry steadily moves towards greater formalisation, legacy jewellers remain aligned on the need for standard, structured frameworks and ethical practices across the entire gold value chain. The IAGES accreditation is a Self-Regulatory Organisation (SRO) established by and for the Indian gold industry to bring clarity and accountability among retailers, manufacturers, refiners, bullion traders, assaying and hallmarking centres and digital gold sellers across all their business practices. The accreditation is awarded only after a comprehensive assessment conducted by an independent third-party assessor.
Established in 1950, Jagannath Gangaram Pednekar Jewellers brings over 75 years of quality craftsmanship and traditional jewellery designs for a growing base of customers across generations.
Anand Pednekar, Director – Jagannath Gangaram Pednekar Jewellers, Said:
“We’ve successfully built our brand over seven decades on pillars of trust, authenticity and transparency. The IAGES accreditation further reinforces our promise to consumers that they will always be welcomed with the highest values and the assurance of ethical sourcing and transparent business practices when they walk into any of our stores. We look forward to working together with our contemporaries to reshape the gold industry into becoming a globally accepted, future-ready reality.”
The IAGES accreditation is beneficial for both gold businesses and consumers. For jewellers, it reflects verified practices, ethical conduct, operational excellence and consumer trust and loyalty, while for consumers, it ensures that their accredited retailer has sourced and manufactured gold following the most rigorous standards of authenticity and integrity.
Kaushlendra Sinha, CEO, IAGES, Said:
“Our mission with IAGES is to bring greater structure and global alignment to India’s gold industry while addressing the need for formalisation within the domestic market. We are pleased to welcome Jagannath Gangaram Pednekar Jewellers to the network. Their accreditation highlights their commitment to industry standards and excellence, reflecting the values of integrity and responsibility that we stand for.”
IAGES is currently driving nationwide awareness through its ‘Before you buy gold, #PehlaCheckIAGES’ campaign, encouraging consumers to check for IAGES accreditation before choosing their gold retailer.
National News
Augmont-NSE Partnership Drives Strong Start for India’s Gold EGR Market, with Over 1,60,357 Units Traded in First Few Hours
Electronic Gold Receipts segment witnesses active two-way trading on day one, with 1,60,375 units traded, representing approximately 6 kg of gold and a traded value of ₹23.34 crore as of 04:25 PM
India’s gold market took an important step towards greater integration with the commencement of live trading in the Electronic Gold Receipts (EGR) segment on the National Stock Exchange of India (NSE) today. Enabled through the collaboration between NSE and Augmont Enterprises Limited, the launch brings together NSE’s regulated exchange infrastructure and Augmont’s integrated physical gold ecosystem, creating a new avenue for investors to trade physically backed gold.
On its opening day, the EGR segment witnessed active two-way trading, with 1,60,357 units traded by approximately 04:25 PM, representing around 6 kg of gold. The trading activity translated into a cumulative traded value of approximately Rs.23.34 crore during the first session. The segment also demonstrated orderly price discovery, with prices remaining within a narrow intraday range of Rs.1,450.50 to Rs.1,460.00. The bid-ask spread remained between Rs.0.50 and Rs.1.00, indicating continuous two-way quotations and an active order book.
Each EGR represents 100 mg of physical gold, with the underlying gold held in SEBI-regulated vaults. Investors can buy and sell EGRs through their demat accounts on the exchange, while retaining the option of converting their holdings into physical gold, subject to the applicable framework. The segment follows a T+1 settlement cycle, under which trades executed on a particular day are settled on the next business day, facilitating the transfer of securities and funds through the exchange’s regulated clearing and settlement mechanism.
Under the strategic collaboration, Augmont serves as a key physical gold and infrastructure partner for NSE’s EGR segment, supporting the creation, vaulting, redemption and liquidity ecosystem. The gold backing the EGRs is sourced through Augmont’s integrated refining infrastructure, bringing together physical gold processing and exchange-based trading within a regulated framework.
The commencement of live trading marks an important step towards building a more transparent and accessible gold market in India. By enabling standardised gold to be traded through an exchange-based mechanism, EGRs have the potential to strengthen price discovery, improve market participation and create a more integrated ecosystem for physical gold.
Ketan Kothari, Whole-time Director, Augmont Enterprises Limited, said:
“The commencement of EGR trading marks the transition of our collaboration with NSE from building the underlying infrastructure to enabling a live, exchange-traded gold market. The day-one trading activity, continuous two-way quotations and orderly price discovery are important initial milestones for a new market segment.
At Augmont, we have brought together our refining capabilities and physical gold infrastructure to support the creation, vaulting and redemption of EGRs. We believe this initiative can play an important role in making physical gold more accessible, transparent and integrated with India’s formal financial ecosystem. Our focus remains on strengthening the ecosystem and supporting its wider adoption among investors, brokers and other market participants.“
Gauri Khan in ZOYA High Jewellery Collection Her Again
DP Jewellers Emerges As The First Choice Of Millions Of Customers On The Auspicious Occasion Of Dhanteras
Augmont-NSE Partnership Drives Strong Start for India’s Gold EGR Market, with Over 1,60,357 Units Traded in First Few Hours
Dhanteras Gold Business Across India Estimated at Approximately ₹60,000 Crore – A Promising Start for the Jewellery Industry: GJC
Augmont-NSE Partnership Drives Strong Start for India’s Gold EGR Market, with Over 1,60,357 Units Traded in First Few Hours
Gauri Khan in ZOYA High Jewellery Collection Her Again
-
JB Insights2 days agoDhanteras Gold Business Across India Estimated at Approximately ₹60,000 Crore – A Promising Start for the Jewellery Industry: GJC
-
National News2 days agoAugmont-NSE Partnership Drives Strong Start for India’s Gold EGR Market, with Over 1,60,357 Units Traded in First Few Hours
-
BrandBuzz2 days agoGauri Khan in ZOYA High Jewellery Collection Her Again
-
National News2 days agoGJEPC Reaffirms India’s Commitment to Natural Diamond Promotion at Luanda Accord 3.0 Ministerial Meeting
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.