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Saurabh Gadgil launches JYPL 2025, JYPL Auction at a dazzling evening of celebration and competition

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It was an evening of pomp and splendour at The White Resort and Spa Pawna, Lonavala to celebrate the launch of Jewellery Youth Premier League (JYPL) Season 8  and kick off the JYPL Auction. It was made all the more special with an icon of the jewellery industry, Dr. Saurabh Gadgil, CMD, PNG Jewellers, gracing the event with his distinguished presence. His heartfelt address at the launch encouraged and motivated the organizers and participating teams.The JYPL Auction was conducted on par with global sports auctions, providing a large dose of excitement and tension.

JYPL Season 8 will take place from March 5-9, 2025 at Central Railway Ground, Parel, Mumbai. The exciting tournament will see 260 players (all owners representing the jewellery industry) and  300+ companies associated with the industry. Over 2500 attendees are expected to catch all the action.

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MCX Gold Futures Open Higher

Gold and Silver Prices Had Been Declining Over The Past Few Sessions Amid Expectations Of Further Interest-Rate Increases By The US Federal Reserve.

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Gold and silver prices had been declining over the past few sessions amid expectations of further interest-rate increases by the US Federal Reserve. Buying at lower levels, however, helped both metals recover on Thursday, October 8.

Gold futures opened higher. On the MCX, the benchmark December gold contract opened Rs 586 higher at Rs 1,49,689 per 10 gram. The previous close was Rs 1,49,103.Today the contract was trading Rs 517 higher at Rs 1,49,620.

In the global market, gold futures on Comex were trading near $4,160 per ounce, while silver was trading near $60.40 per ounce. In the domestic market, gold futures on the Multi Commodity Exchange (MCX) were trading near Rs 1,49,600 per 10 gram at the time of writing, while silver futures were trading near Rs 2,23,900 per kg.

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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.

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