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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Top News

India Govt to Issue Guidelines on Hallmarking Soon

Mumbai: Based on multiple meetings with the Expert Committee members last week, the Ministry of Consumer Affairs will be soon coming out with extant rules for implementation of Hallmarking act along with amendments. India’s Gem & Jewellery Export Promotion Council (GJEPC) as part of the Expert Committee had made a series of representations and had rigorously followed up with the

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GJEPC Appreciates USTR’s Decision to Suspend Tariffs

Mumbai: Announcing the conclusion of the one-year Section 301 investigations of Digital Service Taxes (DSTs) adopted by India, Austria, Italy, Spain, and Turkey, United States Trade Representative (USTR) has suspended tariffs on goods from these countries for up to 180 days to provide additional time to complete the ongoing multilateral negotiations on international taxation at the OECD and in the

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'Forevermark' Reaffirms Commitment to Natural World

Mumbai: Forevermark, the diamond brand from the De Beers Group, that has made a long-term commitment to take care of the natural environment and focus on ‘Building Forever’, is on track to achieve the 12 sustainability goals in the coming decade. These goals include leading ethical practices across industry, partnering for thriving communities, protecting the natural world and accelerating equal

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GJC Seeks Financial Assistance from Govt.

Mumbai: The All India Gem and Jewellery Domestic Council (GJC), which represents lakhs of small and MSME jewellers and allied trade constituents have written to the Union Finance Minister (FM) and the Reserve Bank of India (RBI) seeking immediate financial assistance and banking related relief for the stressed gem, jewellery and allied businesses post the devastating second wave of the

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JewelStart Industry Innovation Challenge 2026 Launched

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in collaboration with SINE, IIT Bombay, has launched the first edition of the JewelStart Industry Innovation Challenge 2026, a national platform aimed at bringing startup-led innovation into India’s gems and jewellery sector. The challenge invites startups, innovators and technology solution providers to address pressing industry needs across the jewellery value chain,

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CIBJO Warns Against ‘Fraudulent Representatives’

Milan: The World Jewellery Confederation (CIBJO) is issuing an urgent warning about individuals claiming to represent CIBJO or bodies directly affiliated with CIBJO, offering products and/or financial instruments endorsed by CIBJO. The existence of such claims was brought to CIBJO’s attention yesterday, May 24, 2026, which are similar to other claims reported to us in January of this year, when

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Inputs from GJEPC on GMS & CAD Reduction

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in reference to the meeting held on 22nd May 2026 with key industry associations, to deliberate on measures for reducing the Current Account Deficit (CAD), particularly in the context of gold imports and domestic gold mobilization, is coordinating with its members to formulate some suggestions on Gold Monetization Scheme (GMS) and

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GJEPC Joins Govt Delegation to Canada for CEPA Talks

New Delhi: Union Commerce & Industry Minister Mr. Piyush Goyal is leading a high-level Indian delegation to Canada from 25-27 May to advance discussions on the proposed India-Canada Comprehensive Economic Partnership Agreement (CEPA) and strengthen bilateral trade and investment ties. Mr. Anoop Mehta, Convener – Diamond Panel, GJEPC, is representing the Council as part of the Indian delegation accompanying the

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