International News
Advent International Set to Acquire Controlling Stake in Orra Jewellery for Rs 1,750 Crore
US-based private equity firm Advent International is in advanced talks to acquire a controlling stake in Orra Fine Jewellery, a brand previously owned by India’s Rosy Blue Group, according to multiple sources familiar with the deal. The transaction, valued at Rs 1,500-1,750 crore (approximately $174-203 million), highlights the growing interest from investors in the jewellery retail sector.
Advent is expected to take a 51-75% controlling stake, with Dipu Mehta, Orra’s managing director, retaining a minority share. The private equity firm plans to take Orra public within a few years, and as part of the deal, it will assume management and voting rights.
Orra, founded in 2004 by the Rosy Blue Group, sells diamond, gold, and platinum jewellery through a network of stores across India. With design centres in global cities like Antwerp, Tokyo, New York, and Hong Kong, the company has carved out a niche in the premium jewellery market. The deal is now in the final documentation stages, with an official announcement expected soon.
International News
Gold and Silver Hold Bullish Bias Amid Fed Rate Ambiguity and Geopolitical Risk-AUGMONT BULLION REPORT
- Demand and Supply – Gold and silver are carrying forward last week’s uptrend, helped by fewer bets on the Federal Reserve tightening policy next month, as investors wait for key U.S. inflation data that could reshape expectations around the Fed’s path.
- Geopolitical Tensions – The U.S. and Yemen’s Iran-backed Houthi rebels reported separate shipping attacks on Tuesday, while hopes of ending the Iran war seemed to fade further, as Tehran said the Strait of Hormuz would stay shut unless Washington agrees to its terms.
- Macro-Economic Signals – As investors wait for U.S. inflation data for clues on the Fed’s policy direction, a stronger reading could support a tighter stance and add more pressure on gold, while a softer number could bring some relief. Traders are currently pricing in a 50% chance of a hike in September, down from 60% before the jobs report.
Technical Triggers
- Gold’s break above $4200 (~Rs 1,46,000) has opened the way toward $4,500 (~Rs 1,56,000). Gold is holding support at its uptrend line through August. Near-term support sits at $4350 (~Rs 153,500).
- Silver’s move past $63 (~Rs 2,30,000) has opened the path toward $70-71 (~Rs 2,50,000-2,55,000).
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $4350/oz : $4500/oz : Rs 151,500/10 gm : Rs 156,000/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $63/oz : $70/oz : Rs 230,000/kg : Rs 255,000/kg |
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National News1 hour agoShankesh Jewellers Limited’s Initial Public Offering To Open On Tuesday, August 18, 2026
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International News12 minutes agoGold and Silver Hold Bullish Bias Amid Fed Rate Ambiguity and Geopolitical Risk-AUGMONT BULLION REPORT
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National News4 minutes agoIndia’s GJ Exports Rise 2.44% To US$ 9.17 Billion In April–July 2026, Led By 21% Surge In Studded Gold jewellery
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National News2 days agoShankesh Jewellers Limited’s Initial Public Offering To Open On Tuesday, August 18, 2026
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