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
Precious Metal Futures Show Renewed Momentum
Gold Has Reclaimed The Rs1.50 Lakh Level After Coming Under Pressure Earlier This Week. This Shows That Buyers Are Returning At Lower Levels. The Immediate Test Is Whether Gold Can Sustain Above Rs1.50 Lakh.
Retail gold prices across India registered a minor dip today, falling by up to Rs65 per gram across key purities In contrast, precious metal futures showed renewed momentum on the domestic exchange, reclaiming critical resistance levels in morning trade.
On October 7, 2026, retail gold spot prices in India softened across all purities. The price of 24 Carat gold dipped by Rs 65 to Rs 14,957 per gram (Rs 1,49,570 per 10 grams), while 22 Carat gold fell by Rs60 to Rs 13,710 per gram (Rs 1,37,100 per 10 grams). Similarly, 18 Carat gold registered a decline of Rs49, bringing its rate to Rs11,218 per gram (Rs1,12,180 per 10 grams) compared to the previous day’s close.
Despite the minor dip in physical retail rates, the Multi Commodity Exchange (MCX) witnessed positive buying interest:
- MCX December Gold Futures: Rose 0.50% to around Rs 1,50,059 per 10 grams. After opening at Rs 1,48,928, the contract surged to an intra-day high of Rs 1,50,575.
- MCX December Silver Futures: Advanced 0.62% to trade near Rs 2,27,480 per kg.
Gold has reclaimed the Rs1.50 lakh level after coming under pressure earlier this week. This shows that buyers are returning at lower levels. The immediate test is whether gold can sustain above Rs 1.50 lakh.
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