With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?

Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a

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With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?

Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a

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Oman Abolishes Import Duty on Indian Jewellery

Mumbai: The India–Oman Comprehensive Economic Partnership Agreement (CEPA), which abolishes customs duty on imports of gems and jewellery in Oman from India, is expected to significantly boost India’s exports to Oman and strengthen direct trade linkages between the two countries, according to the Gem & Jewellery Export Promotion Council (GJEPC). India’s gem and jewellery exports to Oman currently stand at

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BDB Honoured with Excellence in Surveillance Award

Mumbai: Bharat Diamond Bourse (BDB), the world’s largest diamond trading hub, has been awarded the Excellence in Surveillance Award at the prestigious IFSEC India Awards 2025, in recognition of its outstanding leadership in security management and advanced surveillance practices. The IFSEC India Awards are among the most respected recognitions in the security and safety industry, celebrating organizations that demonstrate innovation,

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Comprehensive Discussion on Govt. G&J Policy

Mumbai: Bharat Diamond Bourse (BDB), in association with the Gem & Jewellery Export Promotion Council (GJEPC), organized an exclusive awareness and outreach session on the Maharashtra Gems & Jewellery (G&J) Policy 2025. The event featured an engaging and insightful interaction with Mr. Deependra Singh Kushwah (IAS), Development Commissioner (Industries), Government of Maharashtra whose forward-looking perspective offered industry stakeholders a comprehensive

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Piyush Goyal Inaugurates NEST 2 at SEEPZ

Mumbai: India’s Commerce and Industry Minister Mr. Piyush Goyal unveiled the NEST–02 (New Enterprises & Services Tower – Phase 2) at the Santacruz Electronics Export Processing Zone (SEEPZ) yesterday, calling for stronger partnership between industry and the government to boost efficiency, transparency, and skilling. Speaking at the event, Mr. Goyal said SEEPZ must mirror the rapid economic growth witnessed under

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Shanghai Gold Exchange Caps Transaction Size

Shanghai: Late last week, the Shanghai Gold Exchange (SGE), now the world’s largest exchange for physical trading in bullion, announced a cap on the amount of gold that can be traded in one single transaction. The order, which became effective on January 1, 2017, limits the size of one single transaction in pure gold to 500 kg, down from the

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Diamond Trade in Israel Slows During 2016

Ramat Gan: Israel’s polished diamond exports declined in 2016 even as sentiment improved in December. Outbound shipments of polished dropped 6.4 percent to $4.68 billion during the year, the nation’s Ministry of Economy and Industry reported. Exports to the U.S., its largest trade partner, slid 9 percent to $2 billion, while shipments to Hong Kong fell 8 percent to $1.35

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Dominion to Hold Rough Viewing At IDTC

Mumbai: Dominion Diamond Marketing NV will be holding its first rough diamond viewing session for 2017 at the India Diamond Trading Centre Special Notified Zone in Mumbai from January 11-17, 2017. The company sells assortments of rough sourced via its ownership interests in the Diavik and Ekati Diamond Mines in Canada. Other major mining companies have also displayed their goods

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Mujeres Brillantes Expands its Reach on Net

Panama: Mujeres Brillantes Association launched today their website www.mubri.com, their Youtube Channel called Mujeres Brillantes has been active since December 2016. The Channel has videos discussing a variety of subjects related to the industry where most women’s jewellers have an opportunity not only to promote their jewellery lines and share their history but also discuss relevant subjects on ways of

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