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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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

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Signature IIJS to Run Alongside WFDB Meet

Mumbai: The Signature IIJS jewellery show will take place in Mumbai from February 6 to 9, coinciding with the World Federation of Diamond Bourses (WFDB) presidents’ meeting. The 10th edition of Signature IIJS will be held at the Bombay Exhibition Centre in Goregaon, a suburb of Mumbai. More than 550 exhibitors and 13,000 visitors are expected to attend, India’s Gem

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Negative Outlook for Gold in 2017

Mumbai: Total holdings in physically-backed gold exchange-traded products (ETPs) stood at 2,142.4t (68.9 moz) at the end of December, down 96.9 t or 4% drop from November, the World Gold Council (WGC) has reported. In value terms, total holdings stood at US$78.9bn, 7% lower than the earlier month, WGC said, adding that it remains negative on gold for 2017. Giving

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GJEPC Conducted Seminar in Palanpur

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) yesterday conducted an awareness seminar at Palanpur, Gujarat the benefits of doing organised business and adopting best practices. The meet was addressed by GJEPC officials, leaders of industry bodies, bankers, finance experts and others. Various presentations were made to provide guidance to members regarding statutory compliances, various government schemes, the long

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CIBJO Warns Against ‘Fraudulent Representatives’

Milan: The World Jewellery Confederation (CIBJO) is issuing an urgent warning about individuals claiming to represent CIBJO or bodies directly affiliated with CIBJO, offering products and/or financial instruments endorsed by CIBJO. The existence of such claims was brought to CIBJO’s attention yesterday, May 24, 2026, which are similar to other claims reported to us in January of this year, when

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Inputs from GJEPC on GMS & CAD Reduction

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in reference to the meeting held on 22nd May 2026 with key industry associations, to deliberate on measures for reducing the Current Account Deficit (CAD), particularly in the context of gold imports and domestic gold mobilization, is coordinating with its members to formulate some suggestions on Gold Monetization Scheme (GMS) and

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GJEPC Joins Govt Delegation to Canada for CEPA Talks

New Delhi: Union Commerce & Industry Minister Mr. Piyush Goyal is leading a high-level Indian delegation to Canada from 25-27 May to advance discussions on the proposed India-Canada Comprehensive Economic Partnership Agreement (CEPA) and strengthen bilateral trade and investment ties. Mr. Anoop Mehta, Convener – Diamond Panel, GJEPC, is representing the Council as part of the Indian delegation accompanying the

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India Design Gallery at JCK Las Vegas 2026

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) presents the India Design Gallery at the 2026 JCK Las Vegas trade show. This exclusive gallery, located at Level 1 Lobby, will highlight some of the most exquisitely crafted jewellery pieces from India. Held from 29thMay to 1st June 2026, at the Venetian Expo | Indian Pavilion at Level 1 and

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