Why Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?

Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring

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Why Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?

Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring

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Sovereign Gold Bonds for Akshaya Tritiya

New Delhi: The government of India has announced the first Sovereign Gold Bonds (SGB) of the financial year a few days ahead of Akshay Tritiya, considered auspicious for buying gold. The applications for Sovereign Gold Bonds 2017-18 – Series I will be accepted from April 24 to 28, and the bonds will be issued on May 12. Akshaya Tritiya is

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ALROSA Meets Long-Term Customers

Moscow: President of ALROSA Sergey Ivanov took part in an extraordinary business meeting with the company’s long-term clients dedicated to the new contract period. Participants of the meeting from more than 70 Russian and foreign companies had a chance to discuss diamond market trends, existing market environment, plans for the near future, and the company’s sales structure with ALROSA’s management.

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China’s Jewellery Sales Record 7.9% Increase in Q1

Beijing: Retail sales of gold, silver and jewellery continued its winning streak in China, recording a 7.9 percent increase in the first quarter of 2017, data from the National Bureau of Statistics of China showed. Sales reached RMB 80.5 billion (around US$11.7 billion) from January to March, indicating a continued rebound in the jewellery consumption sector. Government data also showed

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JNA Awards to Accept Entries Until May 5

Hong Kong: Industry players have until midnight of May 5 (Hong Kong time) to join the JNA Awards, one of the world’s most prestigious awards in the global jewellery and gemstone sector. Organised by JNA, the annual JNA Awards is set to further advance and propel Asia’s jewellery and gemstone industry by recognising and honouring companies and individuals that have

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GJC Welcomes Formation of Dakshata Samiti 

Mumbai: The All India Gem & Jewellery Domestic Council (GJC), the apex body representing over 600,000 jewellers across India, has welcomed the Maharashtra Government’s historic step of establishing a state-level ‘Dakshata Committee’ (Vigilance Committee) to ensure the safety and security of jewellers. For a long time, jewellers have faced harassment during investigations of theft and robbery cases involving gold and silver. In

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Augmont Enterprises Files for Rs. 800 Crore IPO 

Mumbai: Augmont Enterprises Limited, an integrated gold and silver platform in India serving businesses and consumers, with a presence across 24 states, as of August 31, 2025, has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI). The IPO comprises of a Fresh issue of equity shares of face value ₹ 5

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Paul De Wachter Appointed CEO of HRD Antwerp

Antwerp: The Board of Directors of HRD Antwerp, a subsidiary of the Antwerp World Diamond Centre (AWDC), has appointed Paul De Wachter as its new CEO. Bringing over twenty years of experience and a proven track record in the international diamond industry, De Wachter will assume the role in January 2026. As CEO, he is tasked with strengthening HRD’s position

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MMTC-PAMP Unveils Lord Shiva 50gm Silver Bar

Mumbai: MMTC-PAMP, India’s only London Bullion Market Association (LBMA) accredited Good Delivery gold & silver refiner, has launched the Lord Shiva 50 grams 999.9+ purity Silver Bar, an exceptional collectible that celebrates the timeless devotion to Lord Shiva, a deity deeply revered in Hinduism. This silver bar is a spiritual masterpiece, a visual embodiment of Lord Shiva’s cosmic power, serenity,

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