With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?

Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a

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With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?

Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a

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Maharashtra Announces Landmark G&J Policy

Mumbai: In a landmark move, the Government of Maharashtra yesterday announced the Maharashtra State Gem & Jewellery (G&J) Policy 2025, becoming the first state in India to introduce a dedicated policy for the gem and jewellery sector. The policy aims to attract investments worth ₹1 lakh crore and create over 5 lakh new jobs, marking a major step towards transforming

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GJEPC Meet Addresses US Reciprocal Tariff Challenges

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) convened an exclusive trade meet in hybrid mode on 6th October at Bharat Diamond Bourse (BDB) to address the mounting challenges faced by India’s gems and jewellery industry due to US reciprocal tariffs and explore legal pathways to mitigate their impact. In his keynote address, Mr. Kirit Bhansali, Chairman, GJEPC, outlined

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Vaani Kapoor Named Brand Ambassador for Lukson

Mumbai: Lukson, the next-generation fine jewellery brand from the JK Star Group has announced the appointment of celebrated actress Vaani Kapoor as its official Brand Ambassador. With this partnership, Lukson strengthens its vision of making sustainable, design-led, and affordable luxury jewellery a part of everyday life for modern India. Founded in 2024 by third-generation diamantaire Anand Lukhi and co-founder Vedant

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Global Platinum Jewellery Market Rebounds

Mumbai: Platinum Guild International (PGI), a worldwide marketing organization dedicated to creating, expanding, and strengthening consumer and trade markets for platinum jewellery, has shared its findings from its Platinum Jewellery Business Review update for Q1 2025, highlighting strong growth across key global markets, led by a significant recovery in China. Platinum jewellery is seeing renewed global momentum, with China leading

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GIA Opens Service for Melee Analysis

Mumbai: Having completed a five-month pilot programme — launched in June 2016 — for its Melee Analysis Service, GIA is now open to accepting submissions for the same. The institute has announced that clients can now submit round D-to-Z melee-size diamonds for the Melee Analysis Service. “The fully automated system, which rapidly and accurately analyses and sorts diamonds ranging from

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Signature IIJS Rescheduled from 7th to 9th Feb

Mumbai: The 10th edition of Signature-India International Jewellery Show (IIJS) now has been reduced to three days and is rescheduled from 7th to 9th February, 2017, according to information available from the organizer of the show Gem & Jewellery Export Promotion Council (GJEPC). Earlier the show was to be organized from 8th to 11th February, 2017. The 4th Edition of

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RBI Keeps Main Interest Rate Unchanged

New Delhi: Despite the possibility of growth being impacted due to the crippling cash crunch since the currency ban, the Reserve Bank of India (RBI) left the key repo rate unchanged yesterday at 6.25 per cent, to keep inflation in check. The repo rate is the interest rate at which the RBI lends to banks. Most analysts expected a rate

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India’s Diamond Market to be 3rd Largest by 2020

Mumbai: Driving by the booming millennials, the country is on course to become the third largest diamond market by 2020 overtaking Europe and Japan, says a report. Currently, the largest markets for this metal is China, the US, Europe and Japan, and India, and the first two are set to remain so, says a Bain & Company report. “We believe

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