International News
Precious Metals Rally On US-Iran Ceasefire: Gold Tops $4,850, Silver Jumps To $76
Sharp Rebound Comes From Post-Conflict Lows, As Oil Dipped Below $100 Per Barrel and The Dollar Weakened
COMEX gold rocketed 3.1% to above $4,850 per ounce in Asian trading, building on yesterday’s 1.2% gain, while silver soared 6.8% to $76.92/oz. The rally followed U.S. President Trump’s announcement of a two-week ceasefire with Iran, halting strikes to negotiate the reopening of the Strait of Hormuz.
Iran has submitted a 10-point proposal through a Pakistani mediator, with talks scheduled for April 10 in Islamabad. This sharp rebound comes from post-conflict lows, even as oil dipped below $100 per barrel and the dollar weakened—factors that bolster dollar-denominated precious metals.
Since the February conflict began, gold has fallen about 10% overall and silver around 17%, but recent ceasefire hopes and signs of slowing global growth are fueling the recovery, offsetting rate-hike concerns. Volatility lies ahead with an upward bias if safe-haven demand persists and macroeconomic conditions remain supportive. Markets are now awaiting the minutes from the Fed’s March meeting, due on Wednesday.
International News
GJEPC Promotes Key Trade Events At IGI Dubai Event
The Dubai Event Created Opportunities For Participating Indian Exporters To Connect Directly With Potential Buyers.
GJEPC stepped up its international buyer outreach for IIJS Bharat – Signature 2027, IGJS Jaipur and IJEX at an industry event organised by the International Gemological Institute (IGI) in Dubai.
Held at the Almas Tower Ballroom in Jumeirah Lake Towers, the IGI Ornamental QC Seminar brought together an audience of more than 70 jewellers, with leading retailers including Jawhara, Joyalukkas, Tajvi, Vinsmera, La Marquise, Bhima and Cara among the expected participants.
Ashish Sakhardande, Head – IJEX, GJEPC, represented the Council and delivered a presentation on its upcoming exhibitions and initiatives, placing particular emphasis on IIJS Bharat – Signature 2027, IGJS Jaipur and IJEX, highlighting its new features and inviting UAE buyers to register for the Mumbai and Jaipur shows.
The UAE remains an important market for Indian jewellery exporters, making direct engagement with retailers and jewellery companies a key part of the buyer mobilisation strategy.
The Dubai event created opportunities for participating Indian exporters to connect directly with potential buyers. Business meetings and networking interactions were facilitated with several UAE-based companies, allowing exporters participating through IJEX to develop new commercial contacts.
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