International News
108 meters gold+ LGD necklace by Amaar Jewels creates Guinness World Record
Amaar Jewels, a Dubai-based jewelry company, has officially set a new Guinness World Record by creating the world’s longest diamond-studded necklace. Measuring an astonishing 108 meters (354 feet) in length, the necklace is a testament to craftsmanship and innovation in the jewelry industry.
Amaar Jewels will present a record-breaking 108-meter diamond necklace, designed to enter the Guinness World Records. The piece incorporates more than 600 lab-grown diamonds, precisely set in 650 grams 18-karat rose gold, representing a fusion of luxury aesthetics and cutting-edge production techniques. The official Guinness assessment is set to take place on the first day of the 55th Watch and Jewellery Middle East Show.
The use of lab-grown diamonds highlights the growing trend toward sustainable and ethical jewelry. The necklace’s length and the precision required to hand-set over 600 diamonds demonstrate exceptional skill and dedication. The necklace’s debut at WJMES underscores the Middle East’s prominence in the global jewelry industry, attracting international attention and showcasing regional talent.
International News
Global Bullion Markets Experience Downturn As US Fed Keeps Interest Rates Unchanged
Market Analysts Anticipate Continued Volatility In Precious Metals As Traders Digest The Fed’s Stance On Monetary Policy and Its Implications For Future Rate Trajectories
Global bullion markets experienced a downturn on Thursday as spot gold and silver prices each fell by nearly 1% following the U.S. Federal Reserve’s overnight decision to keep key interest rates unchanged. Domestic gold and silver prices in India are expected to reflect this global weakness throughout today’s trading session.
| Parameter | Details |
| Gold (MCX) Futures | ~₹1,43,600.00 – ₹1,43,724.00 per 10 grams |
| Silver (MCX) Futures | ~₹1,94,450.00 per kg |
| Key Contract Benchmark | December 2026 Gold Futures are hovering near ₹1,42,324 – ₹1,43,700 levels. |
| Spot Gold | Down ~1%, struggling around $4,044/oz. |
| Spot Silver | Down ~1%, trading below $53.50/oz. |
| U.S. Fed Policy Rate | Unchanged at 3.75% – 4.00%. |
In international markets, spot gold tumbled nearly 1% to trade near $4,044 per ounce, while spot silver dropped 1% to fall below $53.50 per ounce.
The market reaction follows the latest Federal Open Market Committee (FOMC) meeting, where policymakers voted to maintain the target range for the federal funds rate at 3.75% to 4.00% (3-3/4 to 4 percent).
In an official statement, the FOMC reaffirmed its commitment to supporting its dual mandate of maximum employment and price stability while continuing its policy of maintaining ample reserves within the banking system.
Market analysts anticipate continued volatility in precious metals as traders digest the Fed’s stance on monetary policy and its implications for future rate trajectories.
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