International News
Silver prices drop on profit taking after touching record high
Profit-taking dominated after silver’s 100%+ year-to-date surge, with investors locking gains into the weekend. A firmer U.S. dollar, rising Treasury yields to 4.186%, and risk-off sentiment from tech volatility added pressure. Technical overbought signals, including RSI divergence and a bearish engulfing pattern, fueled the sharp reversal.
Despite the pullback, silver remains up 5% weekly and near records, supported by U.S. critical minerals status, structural deficits, and rising industrial demand from AI, data centers, EVs, and solar. Analysts highlight physical tightness and tariff-driven inventory shifts as ongoing tailwinds.
Near-term forecasts eye volatility, with support at $59.40-$60 and upside targets of $65-$75 if momentum resumes. Watch U.S. payrolls data and Fed signals next week for directional cues.
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.
-
National News3 hours agoGGJS 2026 Concludes With High-Volume Trade and Strategic Focus On Next-Gen Leadership
-
National News7 hours agoABARAN Commemorates The 125th Birth Anniversary Of Founder Shri Burde Sadananda Kamath With Special Gold Coin Launch
-
National News7 hours agoMCX Gold Silver Futures See Dip
-
National News3 days agoP N Gadgil Jewellers Limited – Quarterly Update Q2FY27

