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Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Top News
Kalyan Jewellers Enters United Kingdom
Thrissur: Kalyan Jewellers, one of India’s jewellery brands, has further strengthened its global presence with the launch of its new showroom on Belgrave Road widely known as Leicester’s Golden Mile, the UK’s most prominent jewellery and South Asian retail hub. This milestone entry into the United Kingdom marks a strategic leap in the brand’s international expansion journey, following its sustained
QWEEN to Launch as India’s First Self-Discovery Experiential Jewellery Brand
Bangalore: QWEEN, India’s First Self-Discovery experiential jewellery brand, was originally launched as a bootstrapped venture by Amit Kumar and Suyash Motarwar, born from a shared vision to reimagine how modern Indian women discover and experience fine jewellery. The founders later secured seed funding from Japanese luxury jeweller Kashikey Co. Ltd., enabling early product development and the foundational phase of brand
Wesley Tucker to step down as CEO of Tracr
De Beers Group has announced that Wesley Tucker will step down from his role as Chief Executive Officer of Tracr and leave the business at the end of February 2026. Wesley joined De Beers Group in April 2021 as Head of Digital Transformation before taking on the role of CEO of Tracr, the blockchain technology platform and diamond traceability business
GJC Requests Formation of Gujarat State Level Vigilance Committee
Ahmedabad: The All India Gem and Jewellery Domestic Council (GJC) yesterday informed that it had formally requested the Government of Gujarat to establish a State Level Vigilance Committee dedicated to protecting the interests of jewellers across the state. A high-level delegation from GJC, led by Chairman Mr. Rajesh Rokde, Vice Chairman Mr. Avinash Gupta, Director Mr. Salim Daginawala, ZCM Mr. Avi Shah,
CPAI Asks to Increase Gold Purity Testing Centres
New Delhi: The Commodity Participants Association of India (CPAI) on Monday asked the Indian Government to increase the gold purity testing centres from 350 at present to 3,500 under the Gold Monetization Scheme (GMS), reports Busines Standard. It also suggested that the interest rate for the gold deposit scheme should be “decided in a manner that it is neither be
GJF to Hold PMI Meet in Goa from 23rd June
Mumbai: All India Gems & Jewellery Trade Federation (GJF) the country’s leading national trade body of gems & jewellery will host the next “Preferred Manufacturers of India” (PMI) buyers and sellers meet from Tuesday June 23rd June to Thursday 25th June 2015 at the Grand Hyatt in Panaji, Goa. The Goa meet marks the last event of the 2nd Edition
Gem-A Council Respond to EGM Petition
London: The Council of Gemmological Association of Great Britain (Gem-A) is well aware of concerns expressed by some members about a lack of transparency at Gem-A following the decision of the Board not to proceed with an AGM on 24 June. There have been calls for an EGM. The decision not to proceed with an AGM on 24 June was
GJF Donates 1.23 Crores to PM National Relief Fund
New Delhi: The All India Gems & Jewellery Trade Federation (GJF) on behalf of Jewellery community in India has handed over a cheque of INR 1.23 crore towards relief works of the Nepal earthquake victims. Mr. Manish Jain, Chairman of GJF handed over the cheque to Shri. Amit Shah, BJP President in New Delhi on 11 June, 2015. Appreciating the
