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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India Nets 1,131 Kg. Gold under GMS

New Delhi: The government of India has netted a hefty 1,131 kg of gold valuing Rs 3,014 crore under the Gold Monetisation Scheme (GMS), the Parliament was informed on Friday. “Under the scheme 1,131 kilograms of gold valuing Rs 3,014 crore have been deposited by 71 depositors so far,” Minister of State for Finance Jayant Sinha said in a written

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180 Indian Cos. Participating in HK Show

Hong Kong: Considered the world’s largest trading centre for gems and jewellery, two of the jewellery industry’s leading trade fairs are set to dazzle in Hong Kong next month. Organized by the Hong Kong Trade Development Council (HKTDC), the 3rd Hong Kong International Diamond, Gem & Pearl Show takes place from 1 to 5 March at the Asia World-Expo, while

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De Beers Partners with UNAM

Windhoek: De Beers Namibia Holdings yesterday announced that it has entered into a partnership with the University of Namibia (UNAM) – southern campus (Keetmanshoop), to provide financial assistance for higher education to underprivileged children from the communities. De Beers will make available an amount of N$10 million over five years to support the programme, with UNAM providing the administrative support.

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93 Israeli Cos. to Participate in March HK Show

Ramat Gan: The Israeli Diamond Industry is preparing a major presence at HKTDC’s Hong Kong International Diamond, Gem & Pearl Show this March. The Israel Diamond Pavilion, organized by the Israel Diamond Institute Group of Companies (IDI), will host 93 companies. There will also be 10 Israeli companies exhibiting in other locations throughout the show. Among the Israeli exhibitors there

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Diwali Edition of GJS Opens in Mumbai

Mumbai: The India Gem & Jewellery Show (GJS2025) – Diwali Edition officially opened yesterday with a grand inauguration ceremony at the Jio World Convention Centre, Mumbai. The prestigious event was inaugurated by Chief Minister of Maharashtra, Mr. Devendra Fadnavis who attended the #HamaraApnaShow as Chief Guest, marking a proud moment for the Indian gem and jewellery industry. Also graced by

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Augmont Receives Promising Gold Bullion Refiner Award

Mumbai: Augmont Enterprises Ltd., one of India’s established gold platforms, has been recognized with the prestigious “Promising Gold Bullion Refiner (All India)” award at the India Gold Conference (IGC) 2025. This recognition reflects the company’s role in contributing to the evolving bullion industry. At the conference, Mr. Ketan Kothari, Director at Augmont, was presented with the IGC Excellence Award 2025:

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Take Blood Donation Pledge on Jeweller’s Day

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) is calling upon every citizen to take a Blood Donation Pledge on Jeweller’s Day and actively participate in blood donation drives that will follow, in honour of the skilled craftsmen who are the backbone of India’s gem and jewellery industry. This initiative reflects the industry’s deep commitment to social responsibility and

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Elton John Reveals Golden Moments of His Life

Mumbai: The World Gold Council (WGC) has unveiled a new documentary, ‘Touched by Gold’, a powerful exploration of gold’s enduring influence on culture, creativity, and society, told through the voice and life stories of Elton John. Touched by Gold charts his pervasive connection to gold, granting audiences an exclusive look at his personal archive and revealing the intimate ways gold

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