The Triangle Breaks Down: Both Metals Exit Consolidation to the Downside

This week (ended on 24th April, 2026) saw both gold and silver give back a meaningful portion of their recent gains, with the global macro backdrop supplying clear headwinds on multiple fronts simultaneously. The primary driver was the interplay between a rebounding US dollar, persistently elevated inflation expectations, and rising uncertainty around the FOMC meeting on April 28-29 — Powell’s final meeting as Fed chair before Kevin Warsh takes over on May 15. Metal This Week (Apr 24) Last Week

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The Triangle Breaks Down: Both Metals Exit Consolidation to the Downside

This week (ended on 24th April, 2026) saw both gold and silver give back a meaningful portion of their recent gains, with the global macro backdrop supplying clear headwinds on multiple fronts simultaneously. The primary driver was the interplay between a rebounding US dollar, persistently elevated inflation expectations, and rising uncertainty around the FOMC meeting on April 28-29 — Powell’s final meeting as Fed chair before Kevin Warsh takes over on May 15. Metal This Week (Apr 24) Last Week

Read More »

Top News

GJSCI Kick Starts Pilot Project of JADE

Mumbai: The Indian gems and jewellery industry recently witnessed the virtual launch of GJSCI’s Centre for J.A.D.E. (Jewellery Artificial Intelligence & Data Science Excellence) on 30th November, 2020. To give one an insight of the concept, J.A.D.E. is a Centre of Excellence (COE) of Artificial Intelligence (AI) that focuses on the use of AI for Indian gems and jewellery industry.

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Landmark Budget for Gem & Jewellery Industry

Gold import duty reduced from 12.5% to 7.5% Silver import duty reduced from 12.5% to 7.5% Duty on Platinum reduced to 10% Clarification Sought – Equalisation Levy of 2% not applicable on B2B Purchases from International Diamond Auctions A new Sebi regulated gold exchange has been announced Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) yesterday welcomed Finance Minister

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Reduction in Duty on Precious Metals Welcomed

Mumbai: India’s Finance Minister Mrs. Nirmala Sitharaman yesterday reduce the long awaited import duty on gold and silver from 12.5 to 7.5%. For platinum, the duty was reduced to 10%. The booster step to the already fumbling industry was whole heartedly welcomed by leaders. Ms. Vaishali Banerjee, Managing Director, Platinum Guild International (PGI) – India: “The Budget presented by the

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Import Duty on Gold, Silver Reduced to 7.5%

New Delhi: The government of India on February 1 recommended reducing import duty on gold and silver to 7.5 percent, a move which would make the bullion metal and jewellery cheaper in the domestic market for the buyer. Finance Minister Mrs. Nirmala Sitharaman in her Budget speech said, “It is proposed to decrease custom duty on gold and other precious metals from

Read More »

GJSCI Kick Starts Pilot Project of JADE

Mumbai: The Indian gems and jewellery industry recently witnessed the virtual launch of GJSCI’s Centre for J.A.D.E. (Jewellery Artificial Intelligence & Data Science Excellence) on 30th November, 2020. To give one an insight of the concept, J.A.D.E. is a Centre of Excellence (COE) of Artificial Intelligence (AI) that focuses on the use of AI for Indian gems and jewellery industry.

Read More »

Landmark Budget for Gem & Jewellery Industry

Gold import duty reduced from 12.5% to 7.5% Silver import duty reduced from 12.5% to 7.5% Duty on Platinum reduced to 10% Clarification Sought – Equalisation Levy of 2% not applicable on B2B Purchases from International Diamond Auctions A new Sebi regulated gold exchange has been announced Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) yesterday welcomed Finance Minister

Read More »

Reduction in Duty on Precious Metals Welcomed

Mumbai: India’s Finance Minister Mrs. Nirmala Sitharaman yesterday reduce the long awaited import duty on gold and silver from 12.5 to 7.5%. For platinum, the duty was reduced to 10%. The booster step to the already fumbling industry was whole heartedly welcomed by leaders. Ms. Vaishali Banerjee, Managing Director, Platinum Guild International (PGI) – India: “The Budget presented by the

Read More »

Import Duty on Gold, Silver Reduced to 7.5%

New Delhi: The government of India on February 1 recommended reducing import duty on gold and silver to 7.5 percent, a move which would make the bullion metal and jewellery cheaper in the domestic market for the buyer. Finance Minister Mrs. Nirmala Sitharaman in her Budget speech said, “It is proposed to decrease custom duty on gold and other precious metals from

Read More »

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