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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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GJEPC Hosts ‘Jewellers for Hope’ Charity Dinner
Mumbai: GJEPC’s CSR initiative ‘Jewellers for Hope’ charity dinner presented in association with De Beers donates Rs 1 crore for education & empowering girl child Smt. Amruta Fadnavis, Bollywood celebrity actor Arjun Kapoor and singer Rekha Bharadwaj grace ‘Jewellers for Hope’ charity dinner dedicated to make a difference Mumbai, 28th July, 2017: Gem & Jewellery Export Promotion Council (GJEPC), in
India Gem & Jewellery Machinery Expo Inaugurated
Mumbai: Mr. Manoj Dwivedi, Joint Secretary, Dept. Commerce, MoC&I, Govt of India, Mr. Shailesh Sangani (Convenor, Promotions, Marketing and Business Development Sub-Committee, GJEPC) Mr. Saunak Parikh (Convener – National Exhibitions Sub-committee, GJEPC) inaugurated today the India Gem & Jewellery Machinery Expo organised by the Gem & Jewellery Export Promotion Council (GJEPC) on in Mumbai. India Gem & Jewellery Machinery Expo
34th Edition of IIJS Opens in Mumbai
Mumbai: The 34th edition of the India International Jewellery Show (IIJS), now positioned as IIJS Premiere, was inaugurated this morning at the Bombay Exhibition Centre, Goregaon East (Mumbai) by Mr Manoj Dwivedi, Joint Secretary, Dept. Commerce, MoC&I, Govt of India and Mr. Alan Chirgwin, VP, Sales and Marketing, Rio Tinto in the presence of Praveenshankar Pandya, Chairman, and Russell Mehta
Glittering “Prelude to IIJS 2017” Presented
Mumbai: In a new move, The Gem & Jewellery Export Promotion Council (GJEPC) held a special show on the eve of the IIJS this year dubbed “Prelude to IIJS 2017”. The event, along the lines of fashion shows by couturiers, showcased the stunning designs of 15 companies. The jewellery presented ranged from traditional, bridal gold adornments, to scintillating jadau and
Gold Smuggling Arrests Jump 750% YoY in India
Mumbai, 14th April: While cases of gold smuggling in India have jumped 265% from 40 in 2012-13 to 146 in 2013-14, the number of people arrested has shot up by 750%, from 30 in 2012-13 to 255 in 2013-14, data from the Directorate of Revenue Intelligence shows, according to a report published in Mineweb. “Gold imports through the legal channel have
