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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
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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India–UK Trade Agreement: CoOs Distributed
New Delhi: To commemorate the India–UK trade agreement coming into effect, Mr. Rajesh Agarwal, the Commerce Secretary and Ms. Lindy Cameron, High Commissioner of UK in India distributed Certificates of Origin (COOs) to some of our exporter members at Vanijya Bhawan. Mr. Sabyasachi Ray, Executive Director and Mr. Antarpal Singh, Regional Chairman, Northern Region received the certificates on their behalf
Kirit Bhansali Joins India’s High Level Delegation
Mumbai: Mr. Kirit Bhansali , Chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC), joins Mr. Piyush Goyal , Hon’ble Minister of Commerce & Industry; Dr. S. Jaishankar , Hon’ble Minister of External Affairs; Mr. Jitin Prasada , Hon’ble Minister of State for Electronics & Information Technology and Commerce & Industry; and Ms. Karen Rentmeesters , CEO, AWDC, at
First Jewellery Export Consignment to the UK Under India–UK CETA
Mumbai: Mumbai, India’s financial capital and the country’s premier hub for gem and jewellery exports, yesterday marked a historic milestone with the flagging off of the first jewellery export consignment to the United Kingdom under the India–UK Comprehensive Economic and Trade Agreement (CETA). The Mumbai flag-off forms part of a nationwide initiative being held across Delhi, Surat, Jaipur, Chennai and
IIJS Premiere: Overseas Buyers Passport Scheme for Int’l Buyers
Mumbai: For the IIJS Bharat Premiere 2026, the Gem and Jewellery Export Promotion Council (GJEPC) has launched an exclusive Overseas Buyers Passport Scheme. Participating International buyers can win a fixed flight reimbursement of USD 525 through a lucky draw. This initiative has been designed to encourage overseas buyers to explore a wider range of exhibitors across the show, thereby fostering
8th 'Forevermark Forum' Organized in Bengaluru
Bengaluru: Over the past eight years, Forevermark, the diamond brand from the De Beers Group, has spearheaded an all encompassing platform, the Forevermark Forum, for all their authorised jewellers, diamantaires and manufacturers from around the world. The goal of the Forum is to bring its partners together to interact, network and exchange insights on Forevermark’s growth and vision for the industry, within a global framework. This year’s Forum, held
Forevermark to Continue Investing in India: Nancy Liu
Mumbai: The recently appointed CEO of Forevermark Ms. Nancy Liu talks exclusively to G2J about the growth and prospects of the brand. Here are the excerpts: Answering a question, she said, “India is an incredibly important market for Forevermark that holds tremendous potential and we are committed to continuing to invest to support our strong growth in the country. Our aim is to continue to
Hike in Gold Import Duty Attracts Sharp Reactions
Mumbai: India’s Finance Minister (FM) Ms. Nirmala Sitharaman has proposed to hike the import duty on gold and other precious metals by 2.5% in Union Budget 2019. Prices for gold and other precious metals will go up with the latest announcement. Import of gold currently attracts a 10% customs duty. “It is also proposed to increase custom duty on gold
GJSCI Announces 'Anant' Design Competition Winners
Mumbai: The Gem & Jewellery Skill Council of India (GJSCI) in its endeavor to revive some dying arts in our country aimed at promoting design development, product innovation and diversification of India’s for heritage arts form viz. Hupari Payal (Kolhapur), Tarakasi (Cuttack), Thewa (Rajasthan) & Gajra (Bhuj, Gujarat) designed a contest around these arts. The objective behind the whole concept
