Latest news with #IndiaBullionandJewellersAssociation
Time of India
22-05-2025
- Business
- Time of India
Silver price breaches Rs 1 lakh per kg mark again in physical market
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Silver prices in the physical market crossed the Rs 1 lakh per kilogram mark once again on Thursday as the retail price of 999-grade silver stood at Rs 98,492 per kg, according to data by the India Bullion and Jewellers Association (IBJA).After including the 3% Goods and Services Tax (GST), the effective price stands at Rs 1,01346.76 per kg, breaching the critical psychological level for the second time this sharp move comes amid growing optimism about silver's potential to catch up with gold in the current precious metals bull cycle. Analysts point to a rare structural mismatch between supply and demand as a key Bardia, CIO and Founder at Valtrust, noted in a recent article, '2025 will mark the fifth consecutive year of silver deficit,' highlighting that industrial demand is rising, while mining and recycling supplies remain relatively stagnant.'This deficit isn't a temporary aberration – it's become structural,' he added, explaining that the shortfall is creating a bottleneck that appears increasingly unsustainable. Since 2021, silver has experienced annual deficits ranging from 79 million ounces to an estimated 250 million ounces projected for the current also underscored the growing role of silver in green technologies, particularly solar panels, electric vehicles, and electronics, which are now contributing significantly to overall consumption.'This industrial component provides an additional catalyst beyond monetary demand,' he said, noting that technological adoption, especially in emerging economies, is steadily pushing up the demand read: Big prediction from Rich Dad Poor Dad author Robert Kiyosaki: Gold will go to $25,000 Adding fuel to the narrative, renowned financial author Robert Kiyosaki — known for his book Rich Dad Poor Dad — issued a bold forecast on social media platform X earlier this week. He wrote, 'Good news. Gold will go to $25,000. Silver to $70. Bitcoin to $500k to $1 million.'His aggressive stance on silver reinforces the sentiment that the white metal, often overshadowed by gold, may be primed for a silver market's tightness and long-term underperformance relative to gold have also brought the gold-to-silver ratio under scrutiny. Historically, a mean of 68:1 is considered equilibrium, but recent levels around 100:1 suggest silver may be if gold prices hold steady and the ratio reverts to its historical average, Bardia estimates that silver could rise to around Rs 165 per gram, implying upside of nearly 70% from current he cautioned against excessive enthusiasm. 'Silver is notoriously volatile,' Bardia warned, advocating for a tactical approach with a portfolio allocation of no more than 5%, clear profit targets, and strict both structural fundamentals and speculative interest aligning, silver appears to be regaining the attention it once commanded.
Economic Times
22-05-2025
- Business
- Economic Times
Silver price breaches Rs 1 lakh per kg mark again in physical market
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Silver prices in the physical market crossed the Rs 1 lakh per kilogram mark once again on Thursday as the retail price of 999-grade silver stood at Rs 98,492 per kg, according to data by the India Bullion and Jewellers Association (IBJA).After including the 3% Goods and Services Tax (GST), the effective price stands at Rs 1,01346.76 per kg, breaching the critical psychological level for the second time this sharp move comes amid growing optimism about silver's potential to catch up with gold in the current precious metals bull cycle. Analysts point to a rare structural mismatch between supply and demand as a key Bardia, CIO and Founder at Valtrust, noted in a recent article, '2025 will mark the fifth consecutive year of silver deficit,' highlighting that industrial demand is rising, while mining and recycling supplies remain relatively stagnant.'This deficit isn't a temporary aberration – it's become structural,' he added, explaining that the shortfall is creating a bottleneck that appears increasingly unsustainable. Since 2021, silver has experienced annual deficits ranging from 79 million ounces to an estimated 250 million ounces projected for the current also underscored the growing role of silver in green technologies, particularly solar panels, electric vehicles, and electronics, which are now contributing significantly to overall consumption.'This industrial component provides an additional catalyst beyond monetary demand,' he said, noting that technological adoption, especially in emerging economies, is steadily pushing up the demand read: Big prediction from Rich Dad Poor Dad author Robert Kiyosaki: Gold will go to $25,000 Adding fuel to the narrative, renowned financial author Robert Kiyosaki — known for his book Rich Dad Poor Dad — issued a bold forecast on social media platform X earlier this week. He wrote, 'Good news. Gold will go to $25,000. Silver to $70. Bitcoin to $500k to $1 million.'His aggressive stance on silver reinforces the sentiment that the white metal, often overshadowed by gold, may be primed for a silver market's tightness and long-term underperformance relative to gold have also brought the gold-to-silver ratio under scrutiny. Historically, a mean of 68:1 is considered equilibrium, but recent levels around 100:1 suggest silver may be if gold prices hold steady and the ratio reverts to its historical average, Bardia estimates that silver could rise to around Rs 165 per gram, implying upside of nearly 70% from current he cautioned against excessive enthusiasm. 'Silver is notoriously volatile,' Bardia warned, advocating for a tactical approach with a portfolio allocation of no more than 5%, clear profit targets, and strict both structural fundamentals and speculative interest aligning, silver appears to be regaining the attention it once commanded.
News18
16-05-2025
- Business
- News18
Gold Drops Nearly Rs 7,000 From Record High: Is This The Right Time To Enter?
Gold Price Crash: Gold prices crashed almost 5 per cent from the record all-time high of Rs 1 lakh-mark for a 10-gram unit. The drastic drop in prices of the yellow metal came following positive trade talks between the United States and China, leading to a 90-day pause in tariffs, improvement in the macroeconomic situation at the global level and the ceasefire agreement between India and Pakistan to ease border tensions. Gold prices on Friday came down below the Rs 95k-mark after witnessing an upswing amid the uncertainty. In Mumbai, gold was trading almost Rs 2,000 lower at Rs 94,080 per 10 grams for 24 carats. On MCX, gold future with an expiry of June 05 was trading at Rs 93,280 per 10 grams. At the world level, gold prices also experienced a downfall of almost 6 per cent before recovering slightly on Thursday. Gold (GCM5) was trading at $3,224 per ounce. In comparison, it was at its high on April 21, 2025, at $3,425.30 per ounce. Meanwhile, the silver price also saw a fall to drop as low as Rs 1,000. Silver was trading at Rs 97,900 per kg in Mumbai. What Should Investors Do At This Moment? Should They Invest More Or Profit-Book Like Others? Experts are divided in opinion on whether it is the right time to invest or if they should wait for the dust to settle. Aksha Kamboj, Vice President, India Bullion and Jewellers Association (IBJA) and Executive Chairperson of Aspect Global Ventures, believes the recent Rs 7,000 drop in gold prices from its record high should not deter long-term investors. Volatility in precious metals is a natural part of the market cycle, often influenced by global economic indicators, central bank policies, and geopolitical events, she adds. Kamboj recommends that 'this correction presents a healthy opportunity for investors to enter or rebalance their portfolios." She adds, those who have been waiting on the sidelines can now consider systematic buying rather than reacting emotionally to short-term price movements. It is important to look at gold from a long-term perspective — as a store of value, a hedge against inflation, and a safe-haven asset during uncertain times. Amit Jain, Co-Founder of Ashika Global Family Office Services, has a different opinion on the current situation. He believes that 'it may not be the most opportune time to enter gold", citing the improvement in macro conditions dampening the safe-haven appeal of gold as investors' sentiments shift toward equities. He recommends investors would be better served by observing how global dynamics unfold before making fresh allocations.
Hindustan Times
09-05-2025
- Business
- Hindustan Times
IBJA conclave: Work out road map for gems, jewellery park in U.P: Yogi
: Highlighting Uttar Pradesh's safe and conducive business environment, chief minister Yogi Adityanath on Thursday called upon the India Bullion and Jewellers Association (IBJA) to work out a comprehensive road map for a gems and jewellery park in the state, calling it vital for economic growth. He also urged IBJA to develop a comprehensive model incorporating design, technology, processing, packaging, supply chain management and export. 'UP is now crime and mafia-free, and the UP Police swiftly neutralizes any threats,' he said at the IBJA conclave here on Thursday. He assured traders of the government's steadfast support through enhanced security measures. Outlining significant strides taken under the 'Safe City' initiative, he mentioned the reduction in police response time from 25–30 minutes to just 7–8 minutes. Expressing gratitude to IBJA for organising the conclave in Lucknow, he noted that such events not only open new avenues for trade but also give momentum to the government's ongoing 'Aath Saal Bemisaal' campaign. Yogi highlighted that the gems and jewellery industry contributes around 7% to the national GDP. The industry also plays a vital role in job creation and enhancing India's global identity, he said. The chief minister recalled that just eight years ago, the state was plagued by unrest, riots, and a general sense of insecurity—especially for traders and women—during festivals. 'But in 2017, the people placed their faith in Prime Minister Narendra Modi and gave the BJP a clear mandate. Today, UP is not only riot-free but also mafia-free and festivals of all communities are now celebrated peacefully,' he said. 'Uttar Pradesh now offers world-class infrastructure and all necessary amenities, making it a land of immense opportunities for entrepreneurs and investors,' he remarked. He said with a population of 25 crore, UP serves a broader region catering to the needs of nearly 30 crore people in terms of trade, employment, healthcare, and education. He stressed the importance of adopting a modern, forward-looking approach to fully leverage this vast market. He called on the IBJA and business leaders to seize this unprecedented opportunity and scale new heights.
Indian Express
08-05-2025
- Business
- Indian Express
UP CM pitches for gems, jewellery park in state, seeks a roadmap
Chief Minister Yogi Adityanath on Thursday called upon the India Bullion and Jewellers Association (IBJA) to 'chart out a comprehensive roadmap' for setting up a gems and jewellery park in the state which he said offered a robust and secure environment for businesses. Addressing an IBJA conclave in Lucknow, the CM highlighted the crucial role of the gems and jewellery industry in India's economy, saying, 'The sector contributes 7% to the country's GDP (gross domestic product) and generates significant revenue through import duties and GST. Beyond economic growth, the industry plays a vital role in job creation and enhancing India's global identity.' Assuring full government support to the stakeholders in the sector, the Chief Minister said, 'Such conclaves open new avenues for trade. Uttar Pradesh now offers world-class infrastructure and all necessary amenities, making it a land of immense opportunities for entrepreneurs and investors. The state is not only free of riots but also of mafia. Now, the police here swiftly neutralise any threats. Festivals of all communities are celebrated peacefully.' The Chief Minister assured traders of the government's 'steadfast support through enhanced security measures and open dialogue', outlining 'significant strides taken under the 'Safe City' initiative, including reducing police response time from 25–30 minutes to just 7–8 minutes'. Emphasising an urgent need to establish a dedicated gems and jewellery park in the state, Adityanath urged the IBJA to develop a 'comprehensive model incorporating design, technology, processing, packaging, supply chain management and exports'. Underlining UP's 'demographic advantage', the CM noted that the state with a population of 25 crore serves a broader region catering to the needs of nearly 30 crore people in terms of trade, employment, healthcare and education.
