Gold, Silver May Extend Gains as US Data in Focus
Gold and silver prices are expected to remain firm next week as investors await key US economic data, while elevated levels could trigger profit-booking in bullion markets.
Government may revive gold deposit scheme to unlock idle household gold
The government is considering changes to its gold deposit framework, including a role for jewellers, to bring more privately held gold into the financial system and reduce import dependence.
GJEPC Seeks Tariff Relief as New U.S. Trade Regime Retains 10% Duty on Indian Gem and Jewellery Exports
With the U.S. Section 301 tariff regime taking effect on July 24, 2026, GJEPC says Indian gem and jewellery exports continue to face a 10% additional tariff despite policy compliance.
India’s Gem & Jewellery Exports Rise 26.5% in June
India’s gem and jewellery exports increased 26.51% year-on-year to $2.21 billion in June 2026, driven by stronger global demand, lower gold prices and growth across key product categories.
Mumbai Flags Off First Jewellery Export Consignment to UK Under India–UK CETA
Mumbai flagged off its first jewellery export consignment to the UK on July 15 under the India–UK CETA, marking nationwide shipments expected to benefit exporters through zero-duty market access.
GJEPC Holds India-UK Buyer-Seller Meet Ahead of CETA Implementation
Ahead of the India-UK CETA taking effect on July 15, 2026, GJEPC hosted a London Buyer-Seller Meet to connect Indian exporters with UK buyers and expand bilateral gem and jewellery trade.
World Gold Council Expects Rangebound Gold Prices in H2 2026
World Gold Council's Mid-Year Outlook 2026 says gold is likely to trade within a 5% range in H2, with geopolitical risks, central bank demand and India remaining key market drivers.
GJEPC Joins Trade Mission to UK and Greece to Expand Export Opportunities
The Gem & Jewellery Export Promotion Council joined the Union Commerce Minister's trade mission to the UK and Greece to strengthen market access, promote exports and deepen trade partnerships across Europe.
Jonnagiri Gold Mine Begins Commercial Operations in Andhra Pradesh
The Jonnagiri Gold Mine was inaugurated in Andhra Pradesh on June 26, marking India's first commercial-scale private-sector gold mine since Independence and supporting domestic gold production and supply.
Jitin Prasada Inaugurates Customs Export-Import Facilitation Centre at SEEPZ-SEZ
Union Minister Jitin Prasada inaugurated the Customs Export-Import Facilitation Centre at Mumbai’s SEEPZ-SEZ on June 19, 2026 to streamline customs processes, improve logistics and support exporters through integrated infrastructure.
Central Banks Signal Continued Growth in Gold Reserves: World Gold Council Survey
The World Gold Council’s 2026 Central Bank Gold Reserves Survey finds most respondents expect global gold holdings to rise over the next year amid geopolitical and economic uncertainty.
Augmont Expands ‘Recycle with Resilience’ Campaign with AI Gold Purity Evaluation Initiative
Augmont has launched the next phase of its ‘Recycle with Resilience’ campaign from Mumbai, introducing AI-powered purity evaluation in Chennai to promote transparent, organized gold recycling across India.
India’s Platinum Jewellery Demand Grows 4% in 2025 Amid Gold Price Volatility
India’s platinum jewellery demand increased 4% in 2025 despite economic headwinds and elevated gold prices, driven by wedding jewellery, men’s jewellery and retailer expansion, according to Platinum Guild International.
More Indian Women Are Choosing Diamonds for Themselves as Natural Diamond Ownership Rises to 15%
Natural diamond ownership among Indian women rose to 15% in 2025 from 11% in 2022, driven by younger consumers, rising incomes and increasing self-purchase trends, according to NDC.
Jos Alukkas Launches Gold Exchange Campaign Across 60+ Stores
Jos Alukkas launched the #ExchangeForTheNation campaign across India on May 27, 2026, promoting gold recycling and exchange amid calls to reduce dependence on imported gold and conserve foreign exchange reserves.
