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Mumbai Wholesale Gold Jewellers Association’s Game Changer Event Concludes Successfully

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Mumbai’s prominent jewellery business organization, Mumbai Wholesale Gold Jewellers Association, in collaboration with its Youth Wing, organized a spectacular business growth-oriented event at the Fine Arts Auditorium, Chembur, on June 28. The event featured a powerful motivational session by renowned speaker Dr. Ujjwal Patni.

Dr. Ujjwal Patni shared transformative insights with members and dignitaries on how to grow in business and life. He presented innovative ideas for the youth to enter the jewellery industry with a fresh perspective. A large number of jewellery business professionals were present for the event.

In the “Game Changer” session, Dr. Patni shared global insights on opening new doors for jewellery businesses even in challenging conditions. With simplicity and clarity, he explained success strategies. His delivery was appreciated by everyone, including (JITO) Mumbai Zone Chairman Dr. Vinay Jain, who shared his own inspirational journey.

Present at the event were GJEPC Chairman Kirit Bhansali, Immediate Past Chairman GJC Saiyam Mehra, Dr. Vinay Jain (JITO) Mumbai Zone Chairman, Hitesh Jain– Zaveri Bazaar Association Chairman, and event sponsors like Sky Gold & Diamonds Ltd’s Mangesh Chauhan, Mahendra Chauhan, Darshan Chauhan and others. Dr. Patni was felicitated by the Mumbai Wholesale Gold Jewellers Association for his impactful session.

To make the event successful, notable contributions were made by Association President Mahesh Bafna, Secretary- Shreyansh Kothari, Treasurer- Kamal Mehta, Vice President Sandeep Kothari & Dinesh Kothari, Joint Secretary- Rinku Bafna, Convenor- Rajesh Kothari along with Immediate Past Secretary- Anil Pamecha.

President Mahesh Bafna said, “I sincerely thank all our members and firmly believe that the Game Changer session will serve as a milestone in driving positive transformation in both business and society. It was a memorable and motivational event—one that will be remembered for a long time.”

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National News

Gold & Precious Metals – A future outlook

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The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary-  IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.

Some salient points made by the panelists:

  • Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
  • Till the banking system doesn’t collapse, gold price will continue to rise
  • Jewellers were advised to use a mix of futures and options for risk mitigation
  • Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
  • Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.

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