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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
Top News
GJEPC Urges RBI to Ease Banking Norms to Boost G&J Exports
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has urged the Reserve Bank of India (RBI) to introduce a series of banking and regulatory reforms to strengthen the competitiveness of India’s gem and jewellery (G&J) exports. The Council’s recommendations focus on improving exporters’ access to working capital, reducing compliance bottlenecks, streamlining banking procedures and creating a more facilitative regulatory
GJEPC Highlights Key Policy Priorities at Meeting with CIM
New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) highlighted the industry’s key policy priorities during a meeting chaired by Mr. Piyush Goyal, the Union Minister of Commerce & Industry, with Export Promotion Councils (EPCs) and industry associations in New Delhi on 24 June to review the Export Promotion Mission (EPM). Ashish Borda, Convenor – PMBD, GJEPC, and Sabyasachi
Thangamayil Jewellery, Receives IAGES Accreditation
Madurai: Gold buyers in Tamil Nadu can now purchase their favourite precious metal with complete trust and transparency from Thangamayil Jewellery Limited (TMJL), one of the most recognized chain of jewellery stores in the state. TMJL has officially received its IAGES accreditation, further cementing its commitment to serve its consumers in the most ethical, responsible and sustainable manner. The Indian
Russia to Levy 8% Duty on Rough from Sep.
Moscow: The Russian government has announced that it will impose an 8% export duty on rough diamonds weighing between 0.45 carats and 10.8 carats, as well as on special-size diamonds exceeding 10.8 carats, effective September 1, 2026. The new duty will apply to rough diamonds in weight categories that are considered economically viable for domestic cutting and polishing. Russia had
Zimbabwe’s Diamond Mining Cos Agree to Merge
Harare: Zimbabwe’s diamond industry will soon be controlled by one firm as top government officials behind the country’s major diamond mining companies have agreed to comply with a ruling that forces them to merge. According to The Herald, the move which aims to bring more transparency and accountability in the sector — would enable miners to extract kimberlite diamonds, which
SGE to Start Fixing Gold Price Denominated in Yuan
Shanghai: The Shanghai Gold Exchange (SGE) will try to start offering the renminbi-denominated gold-fixing price this year, as an alternative to the dollar-denominated gold-fixing in London. Xu Luode, head of SGE said that the bourse has been researching the pros and cons of the yuan-denominated gold-fixing price, and will strive to launch it by the end of this year as
HK, Thailand Ink Mou on Trade Promotion
Hong Kong: The Hong Kong Trade Development Council (HKTDC) and the Department of International Trade Promotion (DITP), Ministry of Commerce of Thailand signed a Memorandum of Understanding (MoU) at the HKTDC Hong Kong International Jewellery Show, as cited in JNA. The MoU aims at further promoting trade and strengthening economic partnership between Thailand and Hong Kong. It also aims at
Sarine Launches Sarine Profile System
Tel Aviv: Sarine Technologies Ltd, engaged in the development, manufacture and sale of precision technology products for the planning, processing, evaluation and measurement of diamonds and gems, held an invitation-only event that unveiled Sarine’s latest offering for the wholesale and retail trade in polished diamonds – the Sarine Profile. The Sarine Profile allows polished diamond sellers to customize, personalize and
