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.
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.
National News
Precious Metal Futures Continued Their Downward Momentum
Rising Crude Oil Prices and Aggressive Global Selling Push Domestic Futures Sharply Lower; MCX Silver Slips Near ₹1.93 Lakh/Kg While Gold Hits Intraday Low Of ₹1,41,806 Per 10 Grams.
Precious metal futures continued their downward momentum on Friday, October 23, 2026, driven lower by elevated international crude oil prices and persistent selling pressure across global commodity markets.
MCX Gold & Silver Highlights
Gold Futures: The October 5 Gold contract on the Multi Commodity Exchange (MCX) opened with a steep gap down of Rs 1,251 at Rs 1,42,058 per 10 grams against its previous close of Rs 1,43,309. It extended losses to touch an intraday low of Rs 1,41,806 (down 1.04%) before stabilization near Rs 1,41,894. Gold futures for February 2026 also fell 1.03% (down Rs 1,498) to Rs 1,44,437 per 10 grams across 762 lots.
Silver Futures: Silver maturing on December 4, 2026, fell sharply by 3.40% to hit an intraday low of Rs 1,92,800 per kg before recovering slightly to trade around Rs 1,93,598 per kg—down Rs 6,001 (3.01%) from its previous close of Rs 1,99,599.
MCX gold opened with a gap down near Rs 1,42,060 and is trading around Rs 1,42,450, recovering modestly from its opening low. The Rs 1,43,000–1,43,700 range, which previously acted as support, now forms immediate resistance. On the downside, support lies at Rs 1,40,000–1,41,000.
In international markets, COMEX gold dropped 0.73% to approximately $4,030.90 per troy ounce. Spot gold traded down by 0.85% ($34.31 lower) at $4,010.41 per ounce.
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