National News
PM Narendra Modi & PM Keir Starmer visit India  GJ pavilion themed India Crafts Reimagined
Prime Minister Shri Narendra Modi and the Prime Minister of the United Kingdom, Keir Starmer met with business leaders from India and the UK following the signing of the historic India – UK Comprehensive Economic and Trade Agreement [CETA].
Leading Industry captains from both sides from the health, pharmaceuticals, gems and jewellery, automobiles, energy, manufacturing, telecom, technology, IT, logistics, textiles and financial services sectors were present in the meeting. These sectors contribute significantly to employment generation and inclusive economic development in both countries.
During the visit at the gems & jewellery pavilion themed, India Crafts Reimagined – Kirit Bhansali, Chairman-GJEPC hosted both, India & UK’s Prime Ministers. They informed and explained about India’s legacy of craftsmanship by Kirit Bhansali. Shri Narendra Modi and Keir Starmer unveiled GJEPC’s, Gem of a Partnership – book. They also spent quality time admiring the exquisite Indian jewellery on display.Â
The two leaders walked through a showcase featuring an impressive line-up of flagship products and innovations from both nations. The exhibits included gems and jewellery, engineering goods, quality consumer products and advanced technological solutions.
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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