July 2025 sees strong growth in exports, while cumulative April–July figures reflect a decline in key segments.
Browsing: Silver
In a landmark decision announced recently, the Bureau of Indian Standards (BIS) will introduce voluntary hallmarking for silver jewellery and artefacts starting September 1, 2025.
India’s total imports under the Gem & Jewellery category (Chapter-71) for May 2025 stood at ₹32,006.09 crore (US$3,748.62 million), showing a marginal year-on-year decline of 0.18% in rupee terms and 2.52% in dollar terms when compared to ₹32,065.28 crore (US$3,845.69 million) in May 2024.
India’s gem and jewellery exports for May 2025 witnessed a noticeable dip, with gross exports falling 15.81% to US$ 2,263.42 million (₹19,260.81 crore), compared to US$ 2,688.38 million (₹22,414.02 crore) in May 2024. Imports also dropped 12.96% to US$ 1,689.61 million (₹14,393.12 crore). However, in a positive turn, the cumulative export value for April-May 2025 increased by 4.96% year-on-year to US$ 5,202.01 million (₹44,407.30 crore). Imports during the same period declined slightly by 2.52% to US$ 3,748.62 million (₹32,006.09 crore).
Gold surged past $3400 (~Rs 1,00,000), reaching a record high as geopolitical tensions escalated following Israel’s strike on Iran and the declaration of a state of emergency. Softer US inflation data also boosted expectations of further Fed rate cuts, supporting safe-haven demand. According to Augmont Gold, the breakout above $3425 signals a possible move toward $3500 (~Rs 1,01,000) in the near term
On a monthly basis, gold remained constant at about $3300, fluctuating by $150 up and down throughout the month. As markets processed the news of US tariffs and conflicting data releases, gold was unable to make a clear move in either direction.
Gold prices are showing signs of another parabolic rise in 2025, fueled by global economic uncertainty, weakening of the US dollar, and mixed signals from US-China trade negotiations. The recent breakout above $3380 (~Rs 96,000) suggests further upside potential toward $3450 (~Rs 97,500). Augmont Gold notes growing investor interest in gold as a safe haven amid inflation concerns and geopolitical instability.
Gold prices have dropped by over $200 from their peak of $3509, driven by President Trump’s softened stance on firing Fed Chair Jerome Powell and optimism surrounding a U.S.-China trade deal. Positive geopolitical news, including talks between Russia and Ukraine, has also fueled risk-on sentiment, reducing gold’s appeal as a safe-haven asset. Augmont Gold expects prices to trade between $3320 and $3400 in the short term
Gold prices surged to a record high of $3504, driven by a weakened US dollar and rising tensions between President Trump and Fed Chair Jerome Powell. As Trump pushes for interest rate cuts, gold’s appeal as a safe-haven asset has skyrocketed, with a 30% increase this year. Augmont Gold highlights the potential for price corrections if gold falls below $3450, urging caution in this volatile market.
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