National News
The commodities market is seeing a significant upward trend for precious metals. Silver sees a sharp gain of Rs 3,200 per kilogram
On The Global Front, Spot Gold Remains Resilient, Hovering Between $4,800 and $4,850
The markets are waking up to a sea of green this Thursday as precious metals catch a powerful tailwind from the global stage. While diplomats scramble to secure a lasting peace, investors are busy securing their positions in gold and silver.
In early trading today, the commodities market is seeing a significant upward trend for precious metals. Gold is currently holding steady at approximately Rs 1,54,700 on the MCX, marking a 0.5% increase as it edges closer to the critical Rs 1.55 Lakh milestone. Silver is showing even more aggressive momentum, jumping by 1.0% to trade above the Rs 2,54,000 level, which represents a sharp gain of Rs 3,200 per kilogram.
On the global front, spot gold remains resilient, hovering between $4,800 and $4,850, while silver maintains its stronghold above the $80 per ounce mark.
Why the sudden surge? It’s a classic case of “hope for the best, hedge for the rest.” As the metals head toward a one-month high, all eyes are on the US-Iran negotiations.
- The Ceasefire:Â Reports indicate that Washington and Tehran are weighing an extension of their current two-week ceasefire.
- The Energy Factor:Â A successful second round of talks could potentially reopen the Strait of Hormuz, which currently remains under a dual blockade. Reopening this vital artery would be a massive win for the global energy crisis and a major cooling agent for persistent inflation.
- The Pivot:Â Market attention is shifting from immediate conflict to long-term diplomacy, focusing on nuclear enrichment programs and maritime trade.
While the prospect of peace usually dampens the “fear trade,” the diplomatic progress is currently acting as a floor for prices. Investors are betting that even with a ceasefire, the road to a permanent resolution is long and volatile—making gold and silver the preferred “insurance policy” for 2026.
National News
GJEPC, IndusInd Bank Host Webinar On FEMA Guidelines For GJ Exporters
Webinar Outlined How The Updated Regulatory Framework Enhances Operational Ease While Adjusting Key Trade Timelines.
GJEPC in association with IndusInd Bank, held a joint online webinar aimed at explaining the revised Foreign Exchange Management Act (FEMA) guidelines and their direct operational impact on the gem and jewellery trade.
The interactive session featured key industry figures and financial experts, including Prakash Kumar Rath (Head – Gems, Jewellery and Diamond Division, IndusInd Bank), Mital Doshi (Convenor – Banking, Insurance and Taxation Sub-committee, GJEPC), and Sumit Dolwani (Manager – Trade Policy, GJEPC). Together, they outlined how the updated regulatory framework enhances operational ease while adjusting key trade timelines.
Shorter Export Realisation Periods: Timelines for foreign currency invoices have been adjusted from 12 months down to 9 months, while Rupee invoices have been revised from 15 months down to 12 months.
Greater Flexibility for Extensions: Authorised Dealer (AD) banks can now grant time extensions based on individual transaction circumstances, significantly reducing the requirement for routine Reserve Bank of India (RBI) referrals.
Revised Import Payment Timelines: Import payments will now be governed primarily by commercial contracts, replacing the former rigid six-month and 360-day restrictions.
Greater Discretion on Advance Payments: Banks have been given enhanced flexibility in framing internal policies for advance remittances instead of strictly adhering to fixed monetary thresholds.
Flexibility in Third-Party Payments: Third-party payments are now permitted subject to prescribed regulatory conditions and the satisfaction of the AD bank.
Simplified Handling of Pending Cases: AD banks can directly resolve outstanding EDPMS and IDPMS cases without needing to refer every individual matter to the RBI.
Speakers emphasized that exporters must maintain precise records and complete supporting documentation for all transactions, including those monitored through EDPMS and IDPMS.
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