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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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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JGA 2026 Opened in Hong Kong

Hong Kong: Nearly 1,100 exhibitors from around 30 countries and regions have gathered at the Hong Kong Convention & Exhibition Centre to showcase their latest collections to international buyers at Jewellery & Gem ASIA Hong Kong (JGA) 2026, which runs until Sunday, June 21, 2026. Organised by Informa Markets Jewellery, Asia’s No.1 mid-year B2B jewellery buying destination brings together two co-located

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IFSCA Permits GJEPC RCMC Holders to Import Gold, Silver Through IIBX

Mumbai: The International Financial Services Centres Authority (IFSCA), the unified regulator overseeing financial activities in GIFT City, has accepted key recommendations made by the Gem & Jewellery Export Promotion Council (GJEPC), allowing holders of a valid Registration-cum-Membership Certificate (RCMC) to access bullion imports through the India International Bullion Exchange (IIBX). Under a revised circular issued on 15 June 2026, valid

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A Webinar on IIBX Gold Supply Mechanism

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in association with IIBX, is organizing a webinar on “IIBX Gold Supply Mechanism for GJEPC Members and SEZ Units” on 19th June 2026 to provide insights into the gold procurement framework through the India International Bullion Exchange (IIBX). The webinar is scheduled from 3 pm onwards. Mr. Ashok Kumar Gautam, MD

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Central Banks Set to Step up Gold Buying over the Next Year

London: The World Gold Council’s (WGC) annual Central Banks Gold Reserves Survey reveals that 89% of reserve managers expect global central bank gold holdings to continue increasing over the next 12 months. With gold recently overtaking US government bonds as the top reserve asset, the findings point to continued momentum in central bank demand for gold. That confidence is also

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Call to Voluntarily Halt Imports of Rough

Mumbai: The Indian gem and jewellery industry has taken a unanimous decision to voluntarily halt the import of natural rough diamonds from 15th October to 15th December, 2023. This strategic move is aimed at addressing imbalance in demand and supply. This voluntary cessation of importing natural rough diamonds will not affect the processing and manufacturing activities within the industry. Additionally,

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GJEPC Organizes India Show-Jewels Unbounded

Hong Kong: An extraordinary evening filled with glamour, fashion and dazzling fine jewellery showcased the brilliant Indian Craftsmanship in Hong Kong. The enthralling evening witnessed presence of Ms. Manushi Chhillar, former Miss World 2017 and Brand Ambassador for GJEPC, as she took the spotlight as the Showstopper. The event was graced by His Excellency Mr. Pradeep Kr. Rawat, Ambassador of

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WGC’s Members Commit to Enhanced Transparency

Mumbai: The World Gold Council (WGC) has announced that its members, who represent the majority of the global large-scale gold mining industry, have committed to providing enhanced transparency in the gold supply chain. All 33 WGC members with operating mines, who collectively produce around 1,300 tonnes of gold per annum, have committed to publishing the names and locations of their

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Surging Opportunities in LGDs

Dubai: DMCC has released a special edition of its Future of Trade thought leadership report series focused on lab-grown diamonds (LGDs), the rapid global rise of this nascent technology and its transformative impact on the industry. The report, titled “Coming of Age – The Future of Lab Grown Diamonds,” is a culmination of industry expertise and in-depth analysis. It provides

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