National News
MSME Ministry Grants Approval to IGJS Jaipur 2025 Under PMS Scheme
The International Gem & Jewellery Show Jaipur 2025, scheduled from April 3rd to 5th, gains official recognition under the Procurement & Marketing Support (PMS) Scheme by the Ministry of MSME.
The Gem and Jewellery Export Promotion Council (GJEPC) has announced that the International Gem & Jewellery Show (IGJS) Jaipur 2025, taking place from April 3rd to 5th, has officially received approval under the Ministry of Micro, Small & Medium Enterprises’ (MSME) Procurement & Marketing Support (PMS) Scheme.
Kirit Bhansali, Chairman of GJEPC, expressed pride in this achievement, stating, “This approval reflects the tireless efforts of the GJEPC team and the valuable strategic support from our government departments. It underscores the Council’s commitment to fostering the growth of the gem and jewellery sector.”
The GJEPC also extended its heartfelt gratitude to the government officials who played a crucial role in securing this approval, including Dr. Rajneesh, Additional Secretary & Development Commissioner; Ms. Ashwani Lal, Additional Development Commissioner; and Mr. Gaurav Joshi, Joint Director & HOO, Rajasthan. Their collaborative efforts were key in making this milestone possible.
National News
MCX Gold, Silver Edge Higher, Comex Gold Moves To $23.30 To Reach $4,113.80/oz
The Uptick Reflects Cautious Optimism Among Global Traders Following Diplomatic Signals That Washington and Tehran May Be Nearing A Resolution Regarding Key Maritime Passages
Gold and silver prices pushed higher Tuesday as commodity investors calibrated market expectations around U.S.-Iran diplomatic discussions and the prospect of reopening the strategic Strait of Hormuz.
On the Comex division of the New York Mercantile Exchange, gold futures rose $23.30, or 0.6%, to trade near $4,113.80 per ounce. Silver futures picked up $1.03 to settle near $58.88 per ounce.
The momentum spilled into Asian markets. On India’s Multi Commodity Exchange (MCX), benchmark October gold contracts climbed Rs 644 from the previous close to open at Rs 1,43,559 per 10 grams, eventually rising to Rs 1,43,607 per 10 grams during morning trade. September silver contracts on the exchange gained momentum as well, advancing Rs 2,404 to reach Rs 2,19,150 per kilogram.
In global trading on the Comex, gold rose $23.30 to reach $4,113.80 per ounce, while silver advanced $1.03 to $58.88 per ounce. Domestically on India’s MCX exchange, October gold contracts gained Rs 692 to trade at Rs 1,43,607 per 10 grams, while September silver contracts climbed Rs 2,404 to Rs 2,19,150 per kilogram.
The uptick reflects cautious optimism among global traders following diplomatic signals that Washington and Tehran may be nearing a resolution regarding key maritime passages. A potential reopening of the Strait of Hormuz—a crucial transit hub for global commodity transport—has prompted shifts in energy and precious metal risk premiums across international markets.
Despite Tuesday’s modest rebound, both metals continue to trade significantly below their high-water marks for the year. Comex gold previously touched a year-to-date peak of $5,586.20 per ounce, while silver reached $121.79 per ounce during earlier market surges.
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MCX Gold, Silver Edge Higher, Comex Gold Moves To $23.30 To Reach $4,113.80/oz
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