India will emerge as global hub for gems and jewellery: Amit Shah

September 13, 2026 9:25 PM

India will emerge as global hub for gems and jewellery: Amit Shah

Union Home Minister Amit Shah on Sunday said India is poised to emerge as a global hub for gems and jewellery in the coming years, urging the industry to take the lead in building a complete, India-owned value chain for the emerging lab-grown diamond market. Addressing the 52nd India Gems and Jewellery Awards ceremony in Mumbai as the Chief Guest, HM Shah said the industry has played a significant role in India's economic growth, exports and employment generation. Maharashtra Chief Minister De...

India’s gold investment demand tops jewellery for first time ever in March quarter

April 29, 2026 12:19 PM

India’s gold investment demand tops jewellery for first time ever in March quarter

India's investment demand for gold surpassed jewellery consumption for the first time on record in the March quarter, as investors turned to the precious metal amid subdued equity market returns, the World Gold Council (WGC) said on Wednesday. Stronger investment demand in the world's second-largest consumer of gold partly offset a decline in jewellery buying, hit by a rally in prices, helping keep overall demand stable, the WGC said. "For the first time investment demand surpassed jewellery d...

Gold, silver hit record highs amid US-Venezuela tensions, weaker dollar

December 23, 2025 1:33 PM

Gold, silver hit record highs amid US-Venezuela tensions, weaker dollar

Gold and silver prices surged more than 1 per cent to fresh record highs on Tuesday, supported by strong safe-haven demand amid escalating geopolitical tensions, particularly between the United States and Venezuela, and a weaker US dollar. On the Multi Commodity Exchange (MCX), February gold futures rose 1.2 per cent to an all-time high of ₹1,38,381 per 10 grams and were trading 1.01 per cent higher at 10.48 am. MCX silver jumped 1.7 per cent to a record high of ₹2,16,596 per kilogram and ...