National News
MCX Gold Declines, Silver Crashes By Rs. 6,000/kg
The Sharp Sell-Off Comes On The Heels Of A Hawkish Stance By The US Federal Reserve, Fueling Expectations Of Prolonged High Interest Rates.
Indian bullion markets witnessed a massive correction today as gold and silver prices tumbled under heavy global pressure. Domestic 24K gold rates slipped toward the Rs. 1.47 lakh per 10 grams mark on the Multi Commodity Exchange (MCX), while silver suffered a brutal meltdown, crashing by nearly Rs. 6,000 per kilogram.
The sharp sell-off comes on the heels of a hawkish stance by the US Federal Reserve, fueling expectations of prolonged high interest rates. A surging US Dollar Index coupled with geopolitical anxieties—including a lingering US-Iran blockade and persistent global inflation fears—dragged international spot gold down to $4,151.89 per ounce, triggering a ripple effect across Indian retail hubs.
MCX Gold (10g): Rs. 1,47,175 (Down 1.4% intraday)
- Silver Crash: Shed a staggering ~Rs. 6,000 per kg in a single session.
- Primary Triggers: Persistent hawkish Fed commentary, a robust US dollar, and profit booking at higher levels
National News
GJEPC Activates Indian Embassies In 70+ Countries To Promote IGJS Jaipur 2027
The Council’s outreach has received an encouraging response, with over 20 Indian embassies and diplomatic missions publishing information about the show on their official websites.
GJEPC has mobilised India’s diplomatic network across more than 70 countries to promote the International Gem & Jewellery Show (IGJS) Jaipur 2027 and attract international buyers.
IGJS Jaipur 2027 will be held from 16-18 April 2027 at the Jaipur Exhibition & Convention Centre (JECC), Sitapura, Jaipur.
The Council’s outreach has received an encouraging response, with over 20 Indian embassies and diplomatic missions publishing information about the show on their official websites. These include missions in New Zealand, the UAE, China, Germany, Croatia, Indonesia, Qatar, Canada, Brazil, Poland, Italy and the UK, among others.
The Embassies of Egypt, Brazil, Italy and Poland have also personally acknowledged GJEPC’s efforts. The outreach includes several major overseas jewellery trade associations, including Jewelers of America, New York, USA.
The Council will continue engaging with diplomatic missions and trade associations through sustained promotional efforts until the show.
GJEPC Activates Indian Embassies In 70+ Countries To Promote IGJS Jaipur 2027
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