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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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GJEPC Wishes 5% Import Duty on Gold
Mumbai: To curb grey market and boost the organised players, the Gem and Jewellery Export Promotion Council (GJEPC) is expecting Finance Minister Arun Jaitley to reduce the import duty on gold to around 5 per cent in the upcoming Union Budget. “We are expecting the Finance Minister to reduce the import duty on gold to up to 5 per cent
PNG Jewellers Inaugurates Science Lab
Mumbai: Parag Gadgil, Executive Director, PNG Jewellers along with other dignitaries inaugurated science labs in the Secondary school of the Ajivali village in Mawal taluka of Pune District on 6th January, 2017. Additionally, PNG Jewellers has also constructed toilets for the primary school in Shillim village. The corporate social responsibility initiative by PNG Jewellers Pvt Ltd was started last year
IBJA Wishes 'Select' Hallmarking of Silver
Mumbai: India Bullion & Jewellers Association (IBJA) is writing to the consumer affairs ministry about allowing hallmarking in silver of only certain purity, as in gold, to prevent customers from being duped by wily silver jewellers and dealers. “Ignorance among silver buyers is great and that’s being used to the hilt by certain unscrupulous elements within the trade,” said Surendra
GJEPC Delegation Meets Commerce Minister
Mumbai: A delegation of The Gem & Jewellery Export Promotion Council’s (GJEPC) Southern Region met India’s Minister of State for Commerce & Industry Smt. Nirmala Sitharaman, while the Minister was on a visit to Mangaluru recently. The meeting was held to explore ways and means of further developing the gems and jewellery industry in the region. During the discussion, the
Gemfields Generates $29.6m from Emerald Auction
London: Gemfields Group Limited announced that its latest commercial-quality emerald auction generated $29.6 million, with every lot sold and the average realized price rising sharply from its previous sale. The auction, held between 24 August and 10 September, achieved $9.72 per carat, compared with $7.46 at the November-December 2025 auction. Total proceeds were also up from $25.4 million despite the volume
WGC Unveils New Chapter of ‘The Moment is Gold’
The World Gold Council (WGC) has unveiled the latest chapter of its ongoing campaign, ‘The Moment is Gold’. Building on the campaign’s central idea of celebrating life’s meaningful moments through gold, the latest film “First Diwali” captures a young couple experiencing their first Diwali together, a deeply personal milestone marked by warmth, belonging and new beginnings. The campaign reinforces how gold
JGTD to Open from 27th October
Dubai: The Middle East’s most global B2B jewellery sourcing event is all set for its fifth edition this October! Jewellery, Gem & Technology in Dubai (JGTD) opens from 27–29 October 2026 in North Halls N21 and N23 of the Dubai Exhibition Centre (DEC), reaffirming the fair’s status as the region’s go-to marketplace for fine jewellery, diamonds, coloured gemstones and technology. Featuring
Indian Leaders Elected to the CIBJO Board of Directors
Vicenza: At the conclusion of the CIBJO Centenary Congress in Italy on September 7, the General Assembly elected several prominent leaders from the Indian gem and jewellery sector to the Board of Directors of The World Jewellery Confederation (CIBJO). Key Appointments & Leadership: Industry Impact & Key Initiatives Founded as the oldest global organization in the gem and jewellery trade,
