A Record Number of Central Banks Want to Buy More Gold: The Price Just Fell to a 4-Month Low

Macro Snapshot: Three events defined the week ending June 19, and they pointed in different directions. On Monday June 15, news emerged that US and Iranian negotiators had agreed a memorandum of understanding with formal signing scheduled for June 19 in Switzerland; oil declined to a two-month low on the announcement, with Brent falling below $80 per barrel after losing roughly 15% over four sessions. On Tuesday June 16, the World Gold Council released its Central Banks Gold Reserves Survey

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A Record Number of Central Banks Want to Buy More Gold: The Price Just Fell to a 4-Month Low

Macro Snapshot: Three events defined the week ending June 19, and they pointed in different directions. On Monday June 15, news emerged that US and Iranian negotiators had agreed a memorandum of understanding with formal signing scheduled for June 19 in Switzerland; oil declined to a two-month low on the announcement, with Brent falling below $80 per barrel after losing roughly 15% over four sessions. On Tuesday June 16, the World Gold Council released its Central Banks Gold Reserves Survey

Read More »

Top News

Amit Pratihari Named MD, GIA India Laboratory 

Mumbai: The board of directors of GIA India Laboratory Pvt. Ltd. (GIA India) has appointed Amit Pratihari as managing director, responsible for all aspects of GIA India’s gemological laboratories in Mumbai and Surat, as well as the GIA India school in Mumbai. Reporting to the board of directors of GIA India, he assumed his responsibilities on October 1. Amit’s deep experience

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GJC Welcomes Formation of Dakshata Samiti 

Mumbai: The All India Gem & Jewellery Domestic Council (GJC), the apex body representing over 600,000 jewellers across India, has welcomed the Maharashtra Government’s historic step of establishing a state-level ‘Dakshata Committee’ (Vigilance Committee) to ensure the safety and security of jewellers. For a long time, jewellers have faced harassment during investigations of theft and robbery cases involving gold and silver. In

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Augmont Enterprises Files for Rs. 800 Crore IPO 

Mumbai: Augmont Enterprises Limited, an integrated gold and silver platform in India serving businesses and consumers, with a presence across 24 states, as of August 31, 2025, has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI). The IPO comprises of a Fresh issue of equity shares of face value ₹ 5

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Paul De Wachter Appointed CEO of HRD Antwerp

Antwerp: The Board of Directors of HRD Antwerp, a subsidiary of the Antwerp World Diamond Centre (AWDC), has appointed Paul De Wachter as its new CEO. Bringing over twenty years of experience and a proven track record in the international diamond industry, De Wachter will assume the role in January 2026. As CEO, he is tasked with strengthening HRD’s position

Read More »

Amit Pratihari Named MD, GIA India Laboratory 

Mumbai: The board of directors of GIA India Laboratory Pvt. Ltd. (GIA India) has appointed Amit Pratihari as managing director, responsible for all aspects of GIA India’s gemological laboratories in Mumbai and Surat, as well as the GIA India school in Mumbai. Reporting to the board of directors of GIA India, he assumed his responsibilities on October 1. Amit’s deep experience

Read More »

GJC Welcomes Formation of Dakshata Samiti 

Mumbai: The All India Gem & Jewellery Domestic Council (GJC), the apex body representing over 600,000 jewellers across India, has welcomed the Maharashtra Government’s historic step of establishing a state-level ‘Dakshata Committee’ (Vigilance Committee) to ensure the safety and security of jewellers. For a long time, jewellers have faced harassment during investigations of theft and robbery cases involving gold and silver. In

Read More »

Augmont Enterprises Files for Rs. 800 Crore IPO 

Mumbai: Augmont Enterprises Limited, an integrated gold and silver platform in India serving businesses and consumers, with a presence across 24 states, as of August 31, 2025, has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI). The IPO comprises of a Fresh issue of equity shares of face value ₹ 5

Read More »

Paul De Wachter Appointed CEO of HRD Antwerp

Antwerp: The Board of Directors of HRD Antwerp, a subsidiary of the Antwerp World Diamond Centre (AWDC), has appointed Paul De Wachter as its new CEO. Bringing over twenty years of experience and a proven track record in the international diamond industry, De Wachter will assume the role in January 2026. As CEO, he is tasked with strengthening HRD’s position

Read More »

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