
Two Weeks, Two Divergences, One Mechanism: The Rupee is Rewriting Indian Gold
Macro Snapshot: Two weeks ago, the rupee crisis pushed MCX gold up 3.9% while COMEX gold fell 3.6%. The week ending May 29 produced the

Macro Snapshot: Two weeks ago, the rupee crisis pushed MCX gold up 3.9% while COMEX gold fell 3.6%. The week ending May 29 produced the

The week ending May 22 was the digestion week. After the policy shock of the previous week (the steepest gold import duty hike on record,

Macro Snapshot: The week ending May 15 was the most consequential week of the year for the Indian gold and silver trade, not because of

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) acknowledged the Government’s decision to raise gold import duty to 10% from 5% and Agri cess

Macro Snapshot: The week ending May 8 had an unusual rhythm: high-volatility news flow, modest gold gains, and a sharp upmove in silver. Three threads

Macro Snapshot: The week ending May 1 was dominated by Powell’s final FOMC meeting on April 28-29, which delivered the headline outcome markets expected —

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

Macro Snapshot: This week (ending April 17, 2026) was defined by a volatile, whipsaw geopolitical narrative around the Strait of Hormuz. On Friday April 17,

Metal This Week Last Week Change Gold (MCX) ₹1,52,652 / 10g ₹1,49,680 / 10g +₹2,972 (+2.0%) Silver (MCX) ₹2,43,274 / kg ₹2,32,495 / kg +₹10,779

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body representing India’s gem and jewellery sector, has proposed its pre-Budget recommendations to Hon’ble
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