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Union Minister of Consumer Affairs Pralhad Joshi attends GJS to celebrate 25 years of gold jewellery hallmarking in India

Announces Hackathon for non-destructive testing in collaboration with BIS and GJC

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The Indian gems and jewellery industry witnessed a momentous occasion as Pralhad Joshi, Hon’ble Union Minister of Consumer Affairs, Food & Public Distribution, and Minister of New & Renewable Energy, graced the prestigious  GJS at Jio World Convention Centre, Mumbai. The event also marked the 25th anniversary of hallmarking of gold in India, a significant milestone in ensuring quality, transparency, and consumer trust in the industry. The show is organised by the apex industry All India Gem & Jewellery Domestic Council (GJC) and scheduled from 4th to 7th April 2025.

Addressing the gathering, Pralhad Joshi applauded the efforts of jewellers in adopting hallmarking, which has played a crucial role in protecting consumer interests while strengthening India’s position as a trusted market for gold jewellery. He highlighted the government’s commitment to further streamlining hallmarking regulations to make compliance easier for jewellers and beneficial for consumers. Prominent jewellers and trade representatives took the stage to celebrate the success of hallmarking, reflecting on how the initiative has safeguarded buyers and boosted India’s exports in the global jewellery market.

The event saw participation from leading jewellers, industry stakeholders, and international visitors, making it a highly successful gathering.

Pralhad Joshi remarked, “Indian Gems & Jewellery industry has been a cornerstone of our nation’s heritage and will continue to drive the economic progress. There are 650 + owned and accredited Laboratories of BIS, and it has reached every corner of the nation to focus in ensuring quality products are given to the consumers. It is imperative that we develop the system to ensure there are no misuses of HUID and collectively with joint efforts from all stakeholders, we also focus on increasing the Assaying Hallmarking Centres (AHC) across India. Currently 361 districts are covered in the mandatory regime and let us jointly target to reach 500 districts this year. We firmly believe in Honourable Prime Minister’s vision of ease of business and the Ministry is willing to provide its full support to the industry and I am happy to announce that BIS in collaboration with GJC is launching National Hackathon to invite innovative and practical solutions to develop scalable, cost-effective & non-destructive testing for the gold jewellery.”

 Rajesh Rokde, Chairman, GJC, remarked, “It is with immense pride and gratitude that we welcome Shri Pralhad Joshi, to this grand occasion. Your presence reflects the government’s continued support for our industry, and we deeply thank you for taking the time out of your busy schedule to join us. We, as an industry, take immense pride in our transparency and the legacy of trust that our gold, vouched for by generations, represents. Today, we look forward to the government recognizing us with a fresh perspective—as a trading community with a positive attitude and a vision to make hallmarking mandatory across the nation. Honourable Minister’s announcement of Hackathon today marks a new chapter in our journey, and we are extremely positive about the future. Together, we will continue to uphold purity, trust, and innovation for a brighter tomorrow.”

Avinash Gupta, Vice Chairman, GJC, commented, “On behalf of the GJC and the entire G&J Industry, we express our heartfelt gratitude to Shri Pralhad Joshi for celebrating 25 years of gold hallmarking in India with his esteemed presence at our exhibition GJS. His presence highlights the transformation of the Gem & Jewellery industry into a trusted and well-structured sector. We deeply appreciate his announcement of the groundbreaking hackathon with GJC and BIS, aimed at developing non-destructive testing for hallmarking jewellery. This initiative will revolutionize the industry, enhancing efficiency and consumer confidence. His support inspires us to make India a global leader in the Gems & Jewellery sector. Thank you for your invaluable contributions toward a brighter future.”

 Saiyam Mehra, Convenor, GJS, said, “It is my distinct honour to welcome Shri Pralhad Joshi, Hon’ble Union Minister of Consumer Affairs, Food & Public Distribution, and Minister of New & Renewable Energy, to the grand occasion of GJS 2025. This is truly a special moment for the 7th edition of GJS as we celebrate the 25 years of hallmarking in India with the Honourable Minister. As we move forward, this milestone reminds us of our collective responsibility to uphold the values of purity and trust, ensuring continued prosperity for both jewellers and consumers.”

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National News

Aspect Bullion & Refinery to launch 50 gold and silver vending machines nationwide on Akshaya Tritiya

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Aspect Bullion and Refinery, a division of Aspect Global Ventures, has announced plans to roll out 50 gold and silver vending machines in the next 12-18 months. These state-of-the-art bullion vending machines have been indigenously developed by Aspect Bullion, assuring complete control over the planogram, software backend, and customer interface, reinforcing Aspect Bullion’s commitment to innovation, transparency and consumer trust. Strategically designated to be placed at high-footfall locations such as major malls, airports, temples, airports and more, the vending machines are designed to make purchasing precious metals faster, safer, and more accessible than ever before. Very soon, the brand will open another store in Mumbai and begin exploring franchise opportunities across India.

In the lead-up to Akshaya Tritiya — a festival synonymous with prosperity and gold purchases — Aspect Bullion has unveiled its first bullion vending machine at R City Mall, Ghatkopar, Mumbai. Shoppers can experience this innovative offering firsthand from April 26 to May 4, 2025.

Commenting on the initiative, Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures said, “Gold and silver have always been an important part of India’s culture and traditions. With our vending machine, we are combining tradition with technology to make buying precious metals easier, safer, and more transparent. Our goal is to give people a simple, convenient, and trusted way to invest in gold and silver. We are proud to launch India’s first bullion vending machine, and we believe this will change how consumers buy precious metals, especially during important occasions like Akshaya Tritiya.”

Each vending machine will offer a curated range of gold and silver coins and bars, featuring exclusive designs and premium packaging. Equipped with real-time market pricing, customers can view live rate updates at the point of purchase.

Security has been a top priority: the machines feature biometric authentication, live CCTV surveillance, backend tracking, and robust anti-tampering technology. Purchases can be completed in under three minutes using a variety of payment options, including UPI, Google Pay, and debit/credit cards. A digital and printed receipt is provided instantly, making the process seamless — simply select, pay, collect, and go. This seamless process allows customers to take spot possession of gold and silver coins, making the purchasing experience truly worthwhile

Aspect Bullion’s vending machine rollout marks a significant shift toward a modern, tech-enabled future for bullion retail in India — while staying true to the tradition and trust that gold embodies.

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Gold prices in India, international market dip sharply

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Gold prices in India today fell sharply just two days ahead of the major gold-buying festival, Akshaya Tritiya 2025, which will be celebrated on April 30 (Wednesday). The gold rate in India at the beginning of this week showed signs of weakness, following the global spot gold price trend.
As of Monday, April 28, the 22-carat gold rate in India slipped massively by Rs. 620 per 10 grams to cost Rs. 89,400 per 10 grams. While the 24-carat gold prices today dropped hugely by Rs. 680 and are currently at Rs. 97,530 per 10 grams. Similarly, the 18-carat gold rate today retails at Rs 73,150, which dropped by Rs 510.

Gold rates in India are mirroring international market movements. US Gold prices dropped on Tuesday as softening trade tensions between the U.S. and its trading partners dulled the metal’s safe-haven appeal, while investors awaited U.S. economic data to assess the Federal Reserve’s policy path.Spot gold was down 0.8% at $3,314.65 an ounce, as of 0619 GMT. U.S. gold futures lost 0.7% to $3,324.20.

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Hari Krishna Exports Mumbai Office celebrates sports day 2025 with energy and smiles

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Hari Krishna Exports’ Mumbai office came alive with cheers, excitement, and team spirit during the Annual Sports Day 2025.The event was organized to promote better health, stronger unity, and a sense of teamwork among employees.

Esteemed dignitaries from the diamond industry, along with Ghanshyambhai Dholakia and his family, graced the occasion and encouraged everyone with their presence.

The day began on a heartfelt note with the National Anthem, setting a patriotic tone. Soon after, the field lit up with energy as the games began in full swing.
From cricket tournaments and volleyball to ring football, tug-of-war, kabaddi, kho-kho, running races, and box cricket — both male and female employees participated enthusiastically with bright smiles.
It was wonderful to see everyone, from the youngest members to senior leaders, stepping onto the field with equal excitement.

Winners and runners-up were rewarded with cash prizes, diamond jewelry, branded shoes, and sports watches — a token of appreciation from Hari Krishna Exports for their efforts and team spirit.

To beat the summer heat, ORS water stalls were set up, and a delicious lunch was arranged for everyone.The event was even more special as employees’ families were also invited. Their cheers and support added warmth and joy to the entire atmosphere.

Ghanshyam Dholakia, our visionary founder, shared heartfelt words, praising the energy, effort, and passion shown by every member present.He said, “I saw the energy and love for sports in every participant, from the youngest to the oldest. It made me very happy.””My Hari Krishna team is like my family. I will continue to organise such activities every year with this familyEven those who did not win in this competition are winners for me.”

Sports Day 2025 was not just a celebration of fitness and fun but also a beautiful reminder of the togetherness that makes Hari Krishna Exports truly a family.

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