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MCX Gold, Silver Decline On Weak Global Cues

Global Spot Gold Just Touched An Eight-Month Low, Dipping Below The $4,000 Psychological Barrier

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India’s MCX gold prices took a heavy hit, dropping over Rs 1,650 (1.2%) to hover around Rs 140,750 per 10 grams. Silver didn’t escape the pressure either, sliding below the Rs 218,600 per kg mark.

What’s driving the sell-off? A weak international market. Global spot gold just touched an eight-month low, dipping below the $4,000 psychological barrier, while spot silver tumbled under $58 per ounce. Both metals are currently down up to 1.5%.

Meanwhile, energy markets are playing it cool. Crude oil remained virtually flat, with Brent scraping $74 per barrel and US WTI holding steady near $71.

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GJEPC Conducts Outreach Programme With Romanian and Mexican Embassies

The Objective Is To Expand Business Opportunities For Indian Jewellery Exporters In Eastern Europe and Latin America.

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GJEPC stepped up its international market outreach through engagements with the Romanian and Mexican embassies, seeking to expand business opportunities for Indian jewellery exporters in Eastern Europe and Latin America.

Romania outreach

Antarpal Singh Sawhney, Regional Chairman, North, and Ashutosh Srivastava, Regional Director, North, met H.E. Sena Latif, Ambassador of Romania, and Nicu-Nicolae Grecu, Consul General, in New Delhi. Discussions focused on establishing an India Pavilion at the Pasarela International Fashion Festival 2026, where India is the Country of Honour.

The proposed participation will highlight silver jewellery, lightweight gold jewellery and gemstone fashion jewellery, with the Embassy offering support for B2B connections with Romanian retailers and trade networks. GJEPC also invited Romanian buyers, brands and designers to IIJS Signature, Mumbai.

Mexico outreach

The  GJEPC team met H.E. Pedro Blanco Pérez, Ambassador-designate of Mexico, Claudia Keller Lapayre, Deputy Head of Mission, and Chetna Khanna of the Embassy’s Economic, Trade & Tourism Promotion Department. The discussions covered India’s strengths in silver jewellery, cut and polished diamonds, precious gemstones and fashion jewellery, alongside opportunities to connect Indian exporters with Mexican buyers, retailers and brands.

GJEPC invited Mexican industry stakeholders to IIJS Signature and sought support in developing a dedicated Mexican buyer delegation for IGJS Jaipur.

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