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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
Top News
Chow Tai Fook to Open 100 New Stores
Hong Kong: Chow Tai Fook Jewellery, the world’s largest listed jeweller by market value, said on Thursday that it plans to add up to 100 new retail locations on the mainland after reporting earnings that matched expectations, thanks in part to a rebound in mainland Chinese consumption of luxury products, reports scmp.com. The jewellery chain saw its net profit for
Kirit Somaiya Visits GJSCI’s Training Facility
Mumbai: Mr. Kirit Somaiya, Member of Parliament, North-East Mumbai visited GJSCI’s state-of-art training centre in Mumbai at IIGJ-M, where he met Mr. Prem Kumar Kothari, Chairman and Mr. Binit Bhatt, CEO of GJSCI. During the two hours visit, Mr. Somaiya was given a detailed overview by Mr. Binit Bhatt on various initiatives taken by GJSCI for the upliftment of gems
Gem Diamonds Recovers 2 More Big Diamonds
London: Gem Diamonds has recovered two rough diamonds larger than 100 carats at its Letšeng project in Lesotho amid a shift to a more lucrative section of the mine, the company said Monday. The heavier of the two, at 151.52 carats, is a yellow, type I diamond. The other is a higher-quality, D-color, type IIa stone weighing 104.73 carats. While
Making Charges on Jewellery Reduced to 5%
New Delhi: To much relief in the gold jewellery and diamond processing industry, the goods and services tax (GST) Council slashed the applicable rate on making charges from the 18 per cent decided earlier to five per cent. While announcing the decision along with similar reduction on GST rate on various other products and services, Union Finance Minister Arun Jaitley
WDC Urges KP to Support Historic Reform
Dubai: Feriel Zerouki, President of the World Diamond Council (WDC), opened the 2025 Kimberley Process (KP) Plenary with a decisive call for participants to support a modernized definition of “conflict diamonds,” marking a pivotal moment for the international certification scheme. Ms. Zerouki highlighted three years of hard work, drafting and negotiation led by the WDC and honored the leadership of
Candere Opens Two New Stores in Mumbai
Mumbai: Candere, the lifestyle jewellery brand by Kalyan Jewellers has expanded its retail presence in Maharashtra with the launch of two new stores, one each in Andheri and Mulund. These new additions, marking Candere’s 97th and 98th store nationwide, further reinforce the brand’s commitment to offering accessible, stylish, and contemporary jewellery for today’s discerning customers. The newly launched Andheri and Mulund stores
12th IRGSS Inaugurated in Jaipur
Jaipur: The 12th Edition of the India Rough Gemstones Sourcing Show (IRGSS) 2025 was inaugurated on 17th November 2025 by Mr. R. K. Chandan, Commissioner of Customs, Jaipur. He was joined by Shri Jitendra Meena, Deputy Commissioner of Customs, ACC Jaipur. Mr. Chandan was welcomed and felicitated by Mr. Yogendra Garg, Regional Chairman, GJEPC, and Mr. D. P. Khandelwal, Convener of
World Diamond Congress in Singapore from July 12
Singapore: The next World Diamond Congress, a joint assembly of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), will be held July 12-15, 2026, at the Sands Expo & Convention Centre. “We are excited to hold this pivotal industry gathering once again in Singapore,” Fabio Cascapera, President of the Diamond Exchange of Singapore (DES),
