Global Gold City Project Announced
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The Correction is Ten Weeks Old. The Floor Has Not Broken. Is That the Signal?
Macro Snapshot: The week ending July 31 delivered two of the most consequential macro events of 2026, and neither resolved the stalemate that has defined gold and silver for five weeks. On Wednesday July 29, the Federal Reserve held rates at 3.50-3.75% in a divided 9-3 vote. Three regional Fed presidents (Cleveland’s Beth Hammack, Minneapolis’ Neel Kashkari, and Dallas’ Lorie Logan) dissented in favour of an immediate 25 basis point hike, the largest number of dissents for rates to move
The Correction is Ten Weeks Old. The Floor Has Not Broken. Is That the Signal?
Macro Snapshot: The week ending July 31 delivered two of the most consequential macro events of 2026, and neither resolved the stalemate that has defined gold and silver for five weeks. On Wednesday July 29, the Federal Reserve held rates at 3.50-3.75% in a divided 9-3 vote. Three regional Fed presidents (Cleveland’s Beth Hammack, Minneapolis’ Neel Kashkari, and Dallas’ Lorie Logan) dissented in favour of an immediate 25 basis point hike, the largest number of dissents for rates to move
Top News
India Reduces GST on Polished Diamonds
Mumbai: The sharp cut in the rate of GST (Goods and Services Tax) on polished diamond has brought much cheer to processors and jewellery exporters. Around 94 per cent of the diamonds processed in the country would attract 0.25 per cent GST effective Friday, down from three per cent earlier, following the GST Council’s decision in this connection on Thursday.
Need for More Research on Gold in India
Ahmedabad: Gold in India continues to be a work in process from the perspective of a comprehensive economic policy. As a commodity, it is among the severely under-researched items given its importance in the economy as well as the society of our country. It employs more than 5 million people and has annual import bill of more than 200,000 crores
West Bengal Assures to Support G&J Sector
Kolkata: A GJF Delegation Led by Chairman Mr. Nitin khandelwal along with Mr. Shaankar Sen, Mr. Avinash Gupta, Mr. Ashok Bengani and Mr. Suvankar Sen met the Finance Minister (FM) of west Bengal Mr. Amit Mitra recently at the Bengal Global Business Summit in Kolkata. Over the round table discussion with the FM, on the side lines of the business
Angadias Suspend Diamond Operations
Mumbai: India’s export of polished diamonds has lost its sparkle ever since angadias, or couriers, suspended their operations following raids by the authorities earlier this month over suspected tax evasion, says an Economic Times report. The angadias, who have been ferrying rough diamonds from Mumbai to Surat and polished diamonds from Surat to Mumbai, have decided not to resume work
India Reduces GST on Polished Diamonds
Mumbai: The sharp cut in the rate of GST (Goods and Services Tax) on polished diamond has brought much cheer to processors and jewellery exporters. Around 94 per cent of the diamonds processed in the country would attract 0.25 per cent GST effective Friday, down from three per cent earlier, following the GST Council’s decision in this connection on Thursday.
Need for More Research on Gold in India
Ahmedabad: Gold in India continues to be a work in process from the perspective of a comprehensive economic policy. As a commodity, it is among the severely under-researched items given its importance in the economy as well as the society of our country. It employs more than 5 million people and has annual import bill of more than 200,000 crores
West Bengal Assures to Support G&J Sector
Kolkata: A GJF Delegation Led by Chairman Mr. Nitin khandelwal along with Mr. Shaankar Sen, Mr. Avinash Gupta, Mr. Ashok Bengani and Mr. Suvankar Sen met the Finance Minister (FM) of west Bengal Mr. Amit Mitra recently at the Bengal Global Business Summit in Kolkata. Over the round table discussion with the FM, on the side lines of the business
Angadias Suspend Diamond Operations
Mumbai: India’s export of polished diamonds has lost its sparkle ever since angadias, or couriers, suspended their operations following raids by the authorities earlier this month over suspected tax evasion, says an Economic Times report. The angadias, who have been ferrying rough diamonds from Mumbai to Surat and polished diamonds from Surat to Mumbai, have decided not to resume work
