National News
Rajkot BSM opens factory doors to international buyers
Export-Focused BSM Showcases Rajkot’s Manufacturing Strength, Global Buyer Connect and Artisan-Led Scale
A major business-to-business (BSM) event in Rajkot opened factory doors to international buyers, marking a significant step in promoting India’s manufacturing and export potential in the gem and jewellery sector.
Key highlights of the event:
• The programme brought together 18 manufacturers from Rajkot and 25 international buyers representing nine countries.
• Hosted in Rajkot, a major hub for jewellery and related manufacturing, the event allowed foreign buyers to tour production facilities (“factory doors”) firsthand, gaining insights into local capabilities, craftsmanship, and quality standards.
• It is part of ongoing efforts to boost exports, strengthen international trade linkages, and showcase India’s manufacturing base to global partners — especially in the gem and jewellery sector where Rajkot plays a pivotal role.
Why this matters nationally:
• The meet enhances India’s export competitiveness, particularly in value-added manufacturing sectors such as jewellery, which contribute significantly to foreign exchange earnings.
• Opening factory doors to international buyers helps build trust, transparency, and direct engagement, leading to potential long-term business and investment relationships.
• This initiative aligns with broader government goals to integrate Indian manufacturing with global supply chains and uplift local MSMEs (micro, small and medium enterprises).
National News
Gold Holds Steady On MCX As Middle East Tensions Cloud Market Direction
Bullion Trades Range-Bound As Strait Of Hormuz Uncertainty Fuels Inflation Fears
Gold prices were largely unchanged at the open on India’s Multi Commodity Exchange (MCX) on Tuesday, as investors weighed persistent geopolitical tensions in the Middle East against shifting expectations for global monetary policy.
The MCX gold May futures contract edged up 0.01% to Rs. 1,52,417 per 10 grams in early trade, while silver for May delivery declined 0.55% to Rs. 2,51,160 per kilogram. The muted start followed a cautious global tone, with bullion markets struggling to find direction amid conflicting macro signals.
Internationally, spot gold held above the $4,800-an-ounce mark in early trading but later slipped about 0.5%, even as crude oil prices fell nearly 1%. Spot silver also weakened, dropping roughly 1%. The divergence underscores a market caught between safe-haven demand and rising concerns over tighter financial conditions.
Investor sentiment remains tethered to developments around the Strait of Hormuz, a critical artery for global energy supplies. Escalating tensions in the region have fueled fears of a prolonged disruption, amplifying inflationary pressures at a time when central banks are already navigating a delicate policy balance.
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