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MCX Gold at fresh high; Trump tariffs drives gold prices to record high

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MCX Gold prices rose to a fresh record high in the morning session on Tuesday, February 11, supported by concerns over US President Donald Trump’s aggressive tariff policies. MCX Gold for April 4 contracts jumped to a record high of ₹86,360 per 10 grams. Around 11:35 AM, the yellow metal was 0.12 per cent up at ₹85,923 per 10 grams on the MCX.

International gold prices topped the key $2,900 level for the first time, driven by safe-haven demand amid heightened concerns over a trade war. Comex Gold jumped to a record high of 2,968.50 level.

Trump imposed a 25 per cent tariff on steel and aluminium imports on Monday, stoking fears of a trade war. Geopolitical uncertainty and aggressive buying by central banks have boosted gold prices of late.

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International News

GJEPC Delegation Begins Poland Leg Of Eastern Europe Trade Mission

Delegation Explores Poland, Romania and Serbia Through Market Studies, Retailer Interactions and Strategic Business Outreach To Expand India’s Gem and Jewellery Export Opportunities.

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GJEPC has launched its Eastern Europe trade delegation with an on-ground market study in Warsaw, Poland, as part of a broader outreach covering Poland, Romania and Serbia from 18 to 26 May 2026.

The initiative aims to strengthen India’s trade engagement with emerging Eastern European markets and create new opportunities for gem and jewellery exports through structured business meetings, networking events and direct trade interactions.

On the first day in Warsaw, the delegation conducted an intensive assessment of the local jewellery market, visiting leading retail destinations including Złote Tarasy commercial centre. The team studied major regional players such as Apart, which operates over 200 showrooms, along with Vezzi, Ami, Arenart and Pandora, each with sizeable retail footprints.

Delegates engaged directly with retailers, shop owners and managers to showcase Indian manufacturing capabilities and explore potential business collaborations. The study also examined sourcing models, import logistics and consumer demand patterns across gold, silver and diamond jewellery categories.

The delegation is designed to provide participating members with focused market exposure, business leads and deeper insights into the evolving jewellery landscape across Eastern Europe.

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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.

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