A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down

Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the

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A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down

Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the

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Gujarat to Get First Arbitration Centre

Vadodara: For years now, Singapore has attracted a major chunk of arbitration business from India. Of the 287 cases arbitrated by the Singapore International Arbitration Centre (SIAC) in 2014, around 60% were those of Indian companies. However, companies won’t have to go that far to settle their disputes now. Vadodara is all set to house an International and Domestic Arbitration

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US-centric Gold View won't Continue Indefinitely

London: The US-centric view of gold would not continue indefinitely, the World Gold Council forecast on Thursday, when it pointed out that the gold price had risen in at least three currencies in 2015 while falling 11% in US dollar terms. It was the local price – and not the US dollar price – that mattered most, as more than

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GJTCI Excellence Awards 2015

Ahmedabad: Swarovski Gemstones rocked at the Gems & Jewellery Trade Council of India (GJTCI) Excellence Award event by their fashion show presenting Gold and Silver Jewellery made with Swarovski Zirconia by their branding partners Surya Golds, Mumbai, RKR Gold, Coimbatore and Diosa Jewels, Mumbai, according to a press release issued by Swarovski Gemstones. “GJTCI – Excellence Awards” ceremony recently held

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‘Safe Business Environment’ Created in Surat

Surat: Diamantaires in the multi-billion dollar world’s biggest diamond cutting and polishing centre in Surat have abolished the age-old ‘chitti’ system for a foolproof promissory note mode, reports The Times of India. The paper chits have been an instrument of trade in the diamond industry for over six decades now. But, this ‘chitti’ system, which was based on mutual trust,

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Pritesh Patel to Headline Fireside Chat at WDC

Singapore: The 41st World Diamond Congress will feature an exclusive fireside chat with Pritesh Patel, the newly appointed President and CEO of the Gemological Institute of America (GIA), marking one of his first major public appearances in the role on the global stage. Patel steps into the position at a pivotal moment for GIA and the broader diamond trade. Moderated

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Booths Allotted to the IIJS Premiere 2026 Exhibitors

Mumbai: In a single day, 34,000+ booths were successfully allotted to 1,800+ companies, turning booth allocation into a celebration of excitement, anticipation, and new beginnings. Exhibitors now know their place on the grand stage and are eagerly counting down to the biggest B2B jewellery gathering of the year. Excitement filled the air as exhibitors found out their booth locations and

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Customs Export-Import Facilitation Centre at SEEPZ-SEZ Inaugurated

Mumbai: India’s Minister of State for Commerce & Industry Mr. Jitin Prasada inaugurated the Customs Export-Import Facilitation Centre (CEIFC) at SDF-VIII in SEEPZ-SEZ, Mumbai, on 19 June 2026, marking a significant step towards strengthening trade facilitation within the export zone. The inauguration was hosted by Mr. Dnyaneshwar B. Patil, IAS, Zonal Development Commissioner, SEEPZ-SEZ. Senior officials present included Mr. Mayur

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Early Bird Discount for “TREASURES”

Lisbon: If you haven’t done so yet, there are still a few days to register with the reduced Early Bird rate and secure your seat for the second edition of TREASURES, an award-winning international colloquium that will take place under the patronage of the President of the Republic of Portugal at the Royal Treasure Museum, Palácio Nacional da Ajuda, in

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