National News
NITI Aayog’s Dr. Arvind Virmani Commends IIGJ Jaipur’s Skilling Initiatives
Dr. Arvind Virmani, Hon’ble Member, NITI Aayog, visited the GJEPC-run Indian Institute of Gems & Jewellery (IIGJ), Jaipur on 3rd October. Welcomed by IIGJ Jaipur Chairman Sudhir Kothari and Vice Chairman Sanjay Kala, he interacted with students, reviewed courses, and observed the Tarang skilling initiative.
Dr. Virmani also toured the IIGJ Lab, where he was received by Director Shri Anand Rao and CEO Smt. Nirupa Bhatt, and later visited SEZ and EPIP jewellery units, engaging with artisans and exporters. He assured support on issues such as RMS, compliance, SEZ-DTA sales, inter-SEZ transfers, and CSR contributions for skilling, besides raising infrastructure concerns with the state government.
Officials present included Noman Hafiz, Dy. Development Commissioner, Noida SEZ; Pankaj Sharma, Asst. Development Commissioner, Jaipur SEZ; S.G. Kansal, Dy. Commissioner, Customs, Jaipur SEZ; and Subhash Sharma, Jt. Commissioner, DIC, Government of Rajasthan, along with representatives from Industries Department, RIICO, and SEZ Customs.
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.
Gold & Precious Metals – A future outlook
All That Glitters: The Jewellery Moments Everyone Talked About at the 2026 Golden Globes
GJEPC launches ‘ JewelStart’ -India’s first dedicated innovation & incubation centre for the GJ industry
-
GlamBuzz2 weeks agoGIVA Launches ‘Glow in Motion’, Unveils New Jewellery Collection Fronted by Barkha Singh
-
International News2 weeks agoSilver retraces down on margin hike pressure AUGMONT BULLION REPORT
-
JB Insights2 weeks agoThe JewelBuzz E-zine: Your Fortnightly Pulse of the Jewellery Industry
-
JB Insights2 weeks agoIIJS Bharat Signature 2026 set to open the year with scale, innovation and global momentum
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.