We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself
Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger
Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself
Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger
Top News
IDMA, WDC Call to Help Indian Diamond Workers
Antwerp: The International Diamond Manufacturers Association (IDMA) and the World Diamond Council (WDC) have issued a joint call to members of the diamond industry and trade, urging them to join in contributing to the Gem & Jewellery National Relief Foundation (GJNRF), which will be used to provide food packages to the families of COVID-infected workers in the diamond cutting and
India's Gold Demand Grew 37% in Q1: WGC
Mumbai: India’s Q1 demand for gold grew 37% to 140 tonnes compared to Q1 2020 (102 tonnes) buoyed by factors such as lower gold prices and the countrywide vaccination drive, according to the World Gold Council’s (WGC’s) latest Gold Demand Trends report. During January to March 2021, total gold jewellery demand in India was up by 39% at 102.5 tonnes as compared
GJC Opposes Present Form of Hallmarking
Mumbai: All India Gem & Jewellery Domestic Council (GJC), the national apex body of the gems and jewellery industry, has written to the Department of Consumer Affairs under the Union Ministry of Consumer Affairs, Food & Public Distribution that in its present form, mandatory hallmarking (which is supposed to become enforced by June 2021) doesn’t give consumers the freedom of right to
Indian G&J Ind. Strongly Supports Fight Covid-19
Mumbai: In wake of the Covid-19 pandemic, almost all countries, including ours, are still grappling with the subsequent second and the third waves of the deadly pandemic. Last year, during the first 45-day lockdown, India’s Gem & Jewellery Export Promotion Council (GJEPC), in an endeavour to manage the situation, contributed Rs. 21 crore to PM CARES Fund to support
IDMA, WDC Call to Help Indian Diamond Workers
Antwerp: The International Diamond Manufacturers Association (IDMA) and the World Diamond Council (WDC) have issued a joint call to members of the diamond industry and trade, urging them to join in contributing to the Gem & Jewellery National Relief Foundation (GJNRF), which will be used to provide food packages to the families of COVID-infected workers in the diamond cutting and
India's Gold Demand Grew 37% in Q1: WGC
Mumbai: India’s Q1 demand for gold grew 37% to 140 tonnes compared to Q1 2020 (102 tonnes) buoyed by factors such as lower gold prices and the countrywide vaccination drive, according to the World Gold Council’s (WGC’s) latest Gold Demand Trends report. During January to March 2021, total gold jewellery demand in India was up by 39% at 102.5 tonnes as compared
GJC Opposes Present Form of Hallmarking
Mumbai: All India Gem & Jewellery Domestic Council (GJC), the national apex body of the gems and jewellery industry, has written to the Department of Consumer Affairs under the Union Ministry of Consumer Affairs, Food & Public Distribution that in its present form, mandatory hallmarking (which is supposed to become enforced by June 2021) doesn’t give consumers the freedom of right to
Indian G&J Ind. Strongly Supports Fight Covid-19
Mumbai: In wake of the Covid-19 pandemic, almost all countries, including ours, are still grappling with the subsequent second and the third waves of the deadly pandemic. Last year, during the first 45-day lockdown, India’s Gem & Jewellery Export Promotion Council (GJEPC), in an endeavour to manage the situation, contributed Rs. 21 crore to PM CARES Fund to support
