National News
MCX Gold, Silver Futures Enter Period Of Consolidation Following Two-Week Ceasefire
MCX Gold- June 2026 Delivery Slips 0.5% on Liquidity Pressures and Geopolitical Tensions
On the MCX, gold and silver futures have entered a period of consolidation following the recent announcement of a two-week ceasefire between the United States and Iran. During Friday’s session, MCX Gold for June 2026 delivery slipped 0.5% to trade at Rs. 1,53,434 per 10 grams, while silver for May 2026 delivery fell by Rs. 1,701 to Rs. 2,42,067 per kg. Despite the pause in formal hostilities, market participants remain cautious as the ceasefire faces immediate stress from ongoing naval tensions in the Strait of Hormuz and reports of continued military operations in Lebanon.
This recent volatility follows a historic downturn in March, where gold prices plummeted 12% to $4,608 per ounce—the metal’s weakest monthly performance since 2013. According to the World Gold Council, this “counter-intuitive” sell-off occurred despite high geopolitical risk, driven primarily by a desperate need for liquidity and massive deleveraging across global asset classes.
While the near-term outlook remains sensitive to the stability of the Middle East truce, early April has shown signs of a stabilizing floor, supported by positive ETF inflows. However, with domestic prices still below their lifetime highs, experts suggest that a push toward the $5,000 per ounce milestone remains a distant target until clear regional stability is achieved.
National News
IAGES Accredited Partner Directory Brings Verified Gold Businesses Together on One Trusted Platform
Hosting More than 700 Accredited Outlets Across 200+ cities, the IAGES Directory Serves as a Bridge Between Consumers Seeking Trustworthy Gold Transactions and Accredited businesses
The Accredited Partner Directory launched by the Indian Association for Gold Excellence and Standards (IAGES) in November, 2025 has gained significant momentum among consumers and gold businesses since its inception. This one-stop digital platform now hosts a growing network of over 700 IAGES partner outlets across 200 cities, allowing consumers to find verified, trusted jewellers nearest to them before they step out to buy or exchange gold.
An IAGES verified business follows a stringent code of conduct that mandates accountability, responsibility and ethical conduct across its entire value chain. IAGES’ Accredited Partner Directory offers consumers trust, confidence and peace of mind, allowing them to explore and choose these verified, third-party assessed gold jewellers nearest to them either by brand name, location, or category.
The accredited entities appearing in the directory include strong national, regional and city-based large, medium and small retailers. The directory not only includes verified gold jewellers, but also lists gold refiners, bullion traders, manufacturers and assaying and hallmarking centres and digital gold retailers.
Kaushlendra Sinha, CEO, IAGES, said:

“The growing list of partners in the IAGES Accredited Partner Directory reflects the gold industry’s readiness to adopt transparent and compliant business practices, building consumer confidence and trust while slowly formalising the gold ecosystem in India. We invite all gold businesses to come forward and join the movement to transform India’s gold industry, one accreditation at a time!”
IAGES is currently running a consumer awareness campaign – ‘Before you exchange or buy gold #PehlaCheckIAGES’ to spread the word about the importance of buying gold only from a verified, credible retailer. The successful campaign has reached 50 million+ consumers through online and offline mediums, while the IAGES website is seeing massive hits every day as consumers check the directory to verify a gold business.
Sumeet Deoda, Vice President – Marketing and Communication, IAGES said:
“Clearly, the IAGES Accredited Partner Directory has been much anticipated by consumers, gold jewellers and gold business entities alike! We are happy to finally share this growing database with the world even as we continue to work towards our goal of changing the gold-buying mindset in India as the first, crucial step towards formalising the industry,”

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