National News
MCX Gold, Silver Retreat On Stronger Dollar & Middle East Escalation
Bullion prices on the MCX retreated on Friday morning as traders locked in profits following a dollar rebound and rising US-Iran military tensions—even as softer US PCE inflation data reduced fears of aggressive Fed rate hikes.
After jumping over 1% in the previous session on a steady Fed rate decision, precious metals gave up ground during early Friday trading:
- MCX Gold (August Futures): Down 0.50% to Rs 1,42,547 per 10g (approx. 9:10 AM)
- MCX Silver (September Futures): Down 0.40% to Rs 2,19,117 per kg
US Dollar Index: Gained 0.40%, increasing the foreign-currency cost of holding bullion.
- US 10-Year Treasury Yields: Moderated to 4.65% (down from 4.71%), though yields remain elevated over 5% on the month.
- Escalating Hostilities: Jordan’s air defense intercepted five Iranian missiles following US military strikes on Iranian targets. The widening conflict is drawing in neighboring nations, maintaining floor support under energy markets (Brent crude near $88/bbl).
- Federal Reserve Split: While rates remained unchanged on July 29, three dissenting committee members favored a 25 bps hike, highlighting ongoing concerns over sticky multi-year inflation.
National News
GJEPC Completes 9th Export Training Programme In Delhi
The Three-Day Programme Equipped Aspiring Exporters With Practical Knowledge On Export Procedures, Compliance, Government Schemes and Global Market Opportunities, While Highlighting GJEPC’s Export Promotion Initiatives.
Programme brought together 12 participants, including entrepreneurs, aspiring exporters and industry professionals.
GJEPC has concluded the ninth batch of its three-day training programme, How to Begin Gem & Jewellery Exports, aimed at equipping aspiring exporters with the knowledge and practical skills needed to enter international markets.
Organised by the GJEPC Regional Office, Delhi, the programme brought together 12 participants, including entrepreneurs, aspiring exporters and industry professionals. The training covered key aspects of the export business, including export procedures, documentation, the Foreign Trade Policy, export compliance, government schemes, market development and opportunities in overseas markets. Participants also gained practical insights into navigating international trade and expanding their global reach.
The sessions were led by Ranjan Upreti, Foreign Trade Consultant, alongside Council Secretariat officials Mithlesh Pandey, Ashish Sakhardande, Ashutosh Srivastava and Sanjay Madaan, who shared their expertise on various aspects of the export ecosystem.
Participants were also introduced to GJEPC’s export promotion initiatives and support services, including market facilitation, capacity-building programmes, trade promotion activities and international networking opportunities designed to help businesses expand overseas.
The programme concluded with a valedictory session, where Antarpal Singh Sawhney, Regional Chairman – North, GJEPC, presented certificates to the participants. Addressing the attendees, he stressed the importance of compliance, due diligence, ethical business practices and effective risk management in building sustainable export businesses.
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