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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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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India Cancels 500 & 1000 Rupee Notes

New Delhi: India’s Prime Minister Mr. Narendra Modi, while addressing the country tonight, delivered a speech first in Hindi and then in English. The PM met a few hours ago with all three military chiefs amid major ceasefire violations by Pakistan in Jammu and Kashmir. Here are the highlights from his address: Some important decisions and some serious issues to

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ETPs Continue to Drive Gold Demand in Q3 2016

Mumbai: Global gold demand reached 993 tonnes (t) in the third quarter of 2016, a fall of 10% compared to the same period last year, according to the World Gold Council’s (WGC) latest Gold Demand Trends report. Net inflows into Exchange-traded products (ETPs) helped drive a sharp increase in investment demand, but this was not enough to offset falls in

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GJF Meets Maharashtra Finance Minister on GST

Mumbai: The apex body for domestic gems and jewellery industry All India Gems and Jewellery Trade Federation (GJF) Director Mr. Ashok Minawala and delegates from Maharashtra, met Maharashtra Finance Minister Mr. Sudhir Mungantiwar at Nagpur and submitted their representation on GST. GJF has proposed GST rate of 1.25% for the gems & jewellery sector. GJF sought minimal GST rates even

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Japan Auction House Launches Branch at IDE

Ramat Gan: Israel Diamond Exchange (IDE) President Yoram Dvash met yesterday with Anup Agarwal, President of Japan Auction House (JAH) to mark the opening of a branch of the company in the Israeli bourse. JAH, part of Indian-based Rich Diamonds, buys pre-owned polished diamonds in Japan from the local market for sale in auctions, currently in Japan and Hong Kong.

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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

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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),

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IIGJ Lab Simplifies Ruby Treatment Description

New Delhi: IIGJ Lab is committed to serve the Gem & Jewellery Industry by providing independent quality assessment of Gemstones & Jewellery. IIGJ’s Ruby Identification service is well known and is availed by gemstone manufacturers, traders, and retailers. Effective 6th November 2025, IIGJ Lab (A Project by GJEPC India) sponsored by Ministry of Commerce and Industry, Govt. of India has

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GJEPC Headed G&J Sector During President’s Botswana Visit

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) headed the gem and jewellery (G&J) sector’s presence during President Smt. Droupadi Murmu’s state visit to Botswana from 11 to 14 November. As part of Indian delegation, led by South Gujarat Chamber of Commerce & Industry (SGCCI), Mr. Jayanti Savaliya, Regional Chairman – Gujarat, GJEPC, was heading a team representing the

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