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 »

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Swarovski Closes down its Gemstone Business in India

Mumbai: Swarovski has closed down its gemstone business in India. The Company that celebrated its 125th anniversary recently, Swarovski has churned out crystals in every imaginable shape and form, from sparkling dolphin figurines to encrusted fountain pens to glittering mobile-phone cases. An affordable indulgence rarely costing more than a few hundred dollars, Swarovski trinkets have invaded every corner of the

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2nd IIJS Virtual from 8th to 12th Jan 2021

Mumbai: IIJS Virtual in October was a game changer for the industry with transaction of approximately Rs. 1000 Crore taking place and the industry could recover from the effects of pandemic to an extent. Now, India’s Gem and Jewellery Export Promotion Council (GJEPC) is all set to organise the second edition of IIJS Virtual 2.0 which will be held from

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BDB Gives In-principle Approval For LGD Trading

Mumbai: The Bharat Diamond Bourse (BDB) members during the Annual General Meeting, have in principle approved the trading of lab-grown diamonds (LGDs) within the BDB. However, members cannot start trading in LGDs just yet. The BDB Managing Committee will now draw up a set of guidelines to be followed by members who wish to trade in LGDs. Mr. Mehul Shah,

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Sovereign Gold Bonds Prised @ Rs. 5000 pg

Mumbai: The issue price for the next series of sovereign gold bonds has been fixed at Rs 5,000 per gram of gold, the Reserve Bank of India said in a statement on Thursday. The Sovereign Gold Bond Scheme 2020-21 – Series IX will be open for subscription from December 28, 2020 to January 1, 2021. “The nominal value of the

Read More »

Swarovski Closes down its Gemstone Business in India

Mumbai: Swarovski has closed down its gemstone business in India. The Company that celebrated its 125th anniversary recently, Swarovski has churned out crystals in every imaginable shape and form, from sparkling dolphin figurines to encrusted fountain pens to glittering mobile-phone cases. An affordable indulgence rarely costing more than a few hundred dollars, Swarovski trinkets have invaded every corner of the

Read More »

2nd IIJS Virtual from 8th to 12th Jan 2021

Mumbai: IIJS Virtual in October was a game changer for the industry with transaction of approximately Rs. 1000 Crore taking place and the industry could recover from the effects of pandemic to an extent. Now, India’s Gem and Jewellery Export Promotion Council (GJEPC) is all set to organise the second edition of IIJS Virtual 2.0 which will be held from

Read More »

BDB Gives In-principle Approval For LGD Trading

Mumbai: The Bharat Diamond Bourse (BDB) members during the Annual General Meeting, have in principle approved the trading of lab-grown diamonds (LGDs) within the BDB. However, members cannot start trading in LGDs just yet. The BDB Managing Committee will now draw up a set of guidelines to be followed by members who wish to trade in LGDs. Mr. Mehul Shah,

Read More »

Sovereign Gold Bonds Prised @ Rs. 5000 pg

Mumbai: The issue price for the next series of sovereign gold bonds has been fixed at Rs 5,000 per gram of gold, the Reserve Bank of India said in a statement on Thursday. The Sovereign Gold Bond Scheme 2020-21 – Series IX will be open for subscription from December 28, 2020 to January 1, 2021. “The nominal value of the

Read More »

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