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MCX Gold, Silver Surge Ahead On US Inflation Data, Crude Price Dip

Higher-Than-Expected US CPI Inflation Data Has Sparked Speculation Around Federal Reserve Monetary Policy.

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MCX Gold rises  by Rs 1,000, reclaiming levels above Rs 1,48,000 per 10 grams.  ​MCX Silver moved up  by Rs 2,500, surging past Rs 2,13,000 per 1 kg.

US ​Spot Gold: Trading cautiously above $4,170 per ounce.Spot Silver: Outperforming with a ~1% gain, trading above $57 per ounce.

Key Factors

​Fed Rate Expectations: Higher-than-expected US CPI inflation data has sparked speculation around Federal Reserve monetary policy. Markets reflect a 72% chance of rates remaining unchanged in the upcoming meeting, but the odds of a rate hike in December have climbed to 92%.

​Softening Energy Prices: Crude oil prices dipped 0.5%–1%, easing broad inflationary pressure.

​US WTI Crude: Near $97 per barrel.Brent Crude: Near $105 per barrel.

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GJEPC Partners With The Leela To Offer Exclusive Hospitality Benefits To Members

The Association Is Designed To Support Members’ Business and Personal Travel Needs, Offering Special Pricing, Room Upgrades, Hotel Credits, Dining and Spa Discounts, and Other Privileges

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GJEPC has entered into a strategic alliance with The Leela Palaces, Hotels and Resorts to provide exclusive hospitality benefits to its members, marking the Council’s first partnership with a hotel group.

The association is designed to support members’ business and personal travel needs, offering special pricing, room upgrades, hotel credits, dining and spa discounts, and other privileges at participating Leela properties across India. Benefits also include early check-ins, late check-outs and complimentary nights, subject to applicable terms and length of stay.

Kirit Bhansali, Chairman, GJEPC:

“Our members travel across India for business, exhibitions and other activities. This association will make their stays more comfortable and rewarding. The Leela is known for its excellent hospitality and service, and through this partnership, our members can access special benefits at participating hotels across India, including hotel credits, discounts on dining and spa services, and other exclusive privileges.”

Anurag Bhatnagar, Whole-time Director and Chief Executive Officer, The Leela Palaces, Hotels and Resorts said:

“The MOU is just a symbol. What we are cementing today is a relationship that goes beyond transactions and beyond the MOU. As members of this Council, you have The Leela for life, for your families and your friends.”

For GJEPC, the alliance adds a hospitality dimension to its member services, recognising the frequent travel associated with the gem and jewellery trade. For The Leela, the partnership offers an opportunity to build a closer relationship with a nationwide industry community while extending its Indian hospitality proposition to members, their families and business associates.

Key benefits for GJEPC members include :Special member rates across participating Leela properties,Room upgrades (subject to availability),Hotel credits, and discounts on dining and spa services,Early check-ins and late check-outs, Complimentary fourth night on eligible three-night bookings (select destinations),Club lounge access (subject to applicable conditions),Dedicated guest services and support for travel arrangements, Curated cultural experiences showcasing the art and traditions of each destination.

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