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Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
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RBI Cuts Repo Rate by 50 BPS
Mumbai: The Reserve Bank of India (RBI) today announced its second bi-monthly monetary policy of FY26. The RBI Governor Mr. Sanjay Malhotra-led Monetary Policy Committee (MPC) decided to cut the repo rate by 50 basis points (bps) to 5.50% from 6.00% earlier. This is RBI’s third consecutive repo rate cut. The MPC also decided to change the policy stance to
Winners of HRD Design Awards Declared
Antwerp: Since its inception in 1985, the HRD Design Awards have given young and innovativedesigners the chance to showcase their talent on a global stage. This edition, HRD Antwerp decided to plan it’s final night outside of the European Union for the first time ever. The oldest, most international and biggest jewellery design competition wanted to bring this finale to
Gemfields Updates ‘G-Factor for Natural Resources’ Figures
London: Gemfields has confirmed its ‘G-Factor for Natural Resources’’ figures for the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique, which now stand at 20% and 25% respectively for the 10-year period from 2015 through 2024. The ‘G-Factor for Natural Resources’ reveals the percentage of natural resource revenue paid to the government of the country from
GJEPC Advocates ‘Green Exhibitions’ with IIJS
Mumbai: On World Environment Day, The Gem & Jewellery Export Promotion Council (GJEPC), India’s apex trade body sponsored by the Union Ministry of Commerce & Industry, reinforces Commitment to Sustainability with Green Practices at its flagship India International Jewellery Show (IIJS) exhibitions – one of the world’s top 2 B2B Trade shows in the gem & jewellery sector. With the theme of
WGC, Shanghai Gold Bourse Ink MoU
Beijing: The World Gold Council (WGC) and the Shanghai Gold Exchange signed a memorandum of understanding aimed at further developing the Shanghai free trade zone as an international gold market. In a press release, the WGC said the “Comprehensive Strategic Cooperation Agreement” will support the development of gold investment products for the regional and global industry. Commenting on the partnership,
GJF Submits Budget Proposals
Mumbai: As part of its pre-Union Budget recommendations, All India Gems and Jewellery Trade Federation (GJF), the national nodal and the largest single trade body in India for the promotion and growth of trade in gems and jewellery across India, has urged the Union Finance Minister to bring down the duty on gold from 10% to 2% to encourage ‘Make
TBZ Offers Franchising Opportunity
Mumbai: For the first time in its 150-year old history, Tribhovandas Bhimji Zaveri Limited (“TBZ”), a well-known and trusted jewellery retailer in India, invites franchisees to be a part of its jewellery retailing business. Through the TBZ Franchising opportunity, entrepreneurs can open TBZ-The Original stores across India and retail the brand’s product which includes over 20,000 in-house designs. TBZ Ltd.
GJEPC Organizes Colored Gemstones BSM in Panyu
Beijing: The Gem and Jewellery Export Promotion Council, the apex body of gem and jewellery trade in India in association with China Gems Center, is organizing the third edition of China Coloured Gems Buyer-Seller Meet at the Shawan Jewelry Industrial Park at Panyu, Guangzhou of China on 15-16 January 2015. This meet brings together representatives of more than 100 Chinese
