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Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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Landmark Budget for Gem & Jewellery Industry
Gold import duty reduced from 12.5% to 7.5% Silver import duty reduced from 12.5% to 7.5% Duty on Platinum reduced to 10% Clarification Sought – Equalisation Levy of 2% not applicable on B2B Purchases from International Diamond Auctions A new Sebi regulated gold exchange has been announced Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) yesterday welcomed Finance Minister
Reduction in Duty on Precious Metals Welcomed
Mumbai: India’s Finance Minister Mrs. Nirmala Sitharaman yesterday reduce the long awaited import duty on gold and silver from 12.5 to 7.5%. For platinum, the duty was reduced to 10%. The booster step to the already fumbling industry was whole heartedly welcomed by leaders. Ms. Vaishali Banerjee, Managing Director, Platinum Guild International (PGI) – India: “The Budget presented by the
Import Duty on Gold, Silver Reduced to 7.5%
New Delhi: The government of India on February 1 recommended reducing import duty on gold and silver to 7.5 percent, a move which would make the bullion metal and jewellery cheaper in the domestic market for the buyer. Finance Minister Mrs. Nirmala Sitharaman in her Budget speech said, “It is proposed to decrease custom duty on gold and other precious metals from
De Beers Reviews Promotion Guidance for 2021
Gaborone: De Beers has reset its production guidance for 2021 by 3%, blaming operational issues and lower output at its Venetia mine, in South Africa, rather than a Covid-related lack of demand. Its forecast is now down by a million carats at 32m to 34m carats, rather than the original 33m to 35m carats. Parent company Anglo American says in
India-UK BSM 2026 kicks off in London
London: With the India–UK Free Trade Agreement (FTA) set to come into force on 15 July 2026, India’s Gem & Jewellery Export Promotion Council (GJEPC) has brought together 20 leading Indian gem & jewellery manufacturers and prominent UK buyers for two days of focused business meetings at the Arsenal Executive Box, Emirates Stadium, London. The event marks another significant step
Forevermark Presents ICON Bracelet Inspired by Abhishek Shama
Mumbai: Forevermark Diamond Jewellery gifted a bespoke ICON bracelet for ace Indian cricketer Abhishek Sharma, a culmination of sports, design & inspiration. The bracelet was designed in association with the cricketer and reimagines the brand’s most recognizable symbol, The North Star- as a bold, contemporary jewellery design. Set in 18 carat white gold, delicate pavé diamond links connect each ICON element, adding brilliance and refinement throughout.The continuous sequence of icons across the bracelet symbolizes excellence, consistency and enduring value, qualities that reflect
CIBJO Publishes 2nd Pre-Congress Special Report
Milan: With fewer than nine weeks to go to the opening of the 2026 CIBJO Congress in Vicenza, Italy, on September 4, 2026, the second of the pre-congress Special Reports has been released. Prepared by the CIBJO Marketing and Education Commission, headed by Jonathan Kendall, the report details the establishment of the International Fine Jewellery Academy (IFJA), one of the
The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal
Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath
