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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
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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WDC Urges KP to Support Historic Reform
Dubai: Feriel Zerouki, President of the World Diamond Council (WDC), opened the 2025 Kimberley Process (KP) Plenary with a decisive call for participants to support a modernized definition of “conflict diamonds,” marking a pivotal moment for the international certification scheme. Ms. Zerouki highlighted three years of hard work, drafting and negotiation led by the WDC and honored the leadership of
Candere Opens Two New Stores in Mumbai
Mumbai: Candere, the lifestyle jewellery brand by Kalyan Jewellers has expanded its retail presence in Maharashtra with the launch of two new stores, one each in Andheri and Mulund. These new additions, marking Candere’s 97th and 98th store nationwide, further reinforce the brand’s commitment to offering accessible, stylish, and contemporary jewellery for today’s discerning customers. The newly launched Andheri and Mulund stores
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
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),
GJF Elects Committee of Admin for 2016-18
Mumbai: The All India Gems & Jewellery Trade Federation (GJF) has announced the names of those elected to the new Committee for Administration 2016-18 following the completion of its first ever online election process. The CoA comprises four zonal chairmen representing the North, South, East and West and 14 other Panel Representatives from different sectors of the manufacturing, trading and
India’s Gold Imports Lowest Since 2003
Mumbai: With the government giving a push to digital transactions following demonetisation and discouraging the purchase of assets using cash, some trends expected to change the gold business have been identified, reports Business Standard. The immediate impact of demonetisation has been on gold demand, which went up sharply after the withdrawal of the 500- and 1000-rupee notes on November 8.
Indian Banks Slash Rates as New Year Gift
Mumbai: The country’s largest bank State Bank of India (SBI) announced a steep interest rate cut in several years on Sunday, by reducing its marginal cost of funds based lending rate (MCLR) by 90 basis points (bps) across all maturities. With this cut, SBI has passed on benefit of 200 bps since January 2015 to customers, which is more than
BIS Revises Jewellery Hallmarking Standards
Mumbai: The Bureau of Indian Standards (BIS) has announced that from January 1, 2017, all hallmarked gold jewellery will have gold caratage stated on the piece in addition to the fineness of the metal which is currently marked. As per the revised standards that have been announced by the official agency, Hallmarked Gold jewellery will now be available in three
