National News
Bluestone in talks with Peak XV Partners, Steadview Capital Think Investments for Pre-IPO Round
Bluestone, a jewellery brand, is in talks to negotiate an investment of around Rs 830 crore from Peak XV Partners, Steadview Capital, and Think Investments.
Bluestone, a jewellery brand, is in talks to negotiate an investment of around Rs 830 crore from Peak XV Partners, Steadview Capital, and Think Investments.
The pre-IPO round will combine share sales by early investors with new capital, aiming to value the omnichannel retailer at approximately Rs 7,500 crore ($900 million) before the infusion, as per the report.
Venture capital firm Peak XV Partners will reportedly invest around Rs 415 crore in the round. A source speaking to the Economic Times said, “Peak XV is in talks to lead the funding amid a wider inclination for venture funds to tap domestic brands and offline retailers.”
Further, some family offices via special-purpose vehicles might also reportedly participate in the round. The round is expected to be closed in the next few days.
In September 2023, Bluestone raised $65 million from a group of investors at a valuation of $410 million.
National News
MCX Precious Metals Face Notable Selling Pressure
Precious Metals Extended Losses As A Stronger U.S. Dollar and Rising Fed Rate-Hike Expectations Weighed On Investor Sentiment.
The selloff mirrored a broader rout in international markets. On India’s Multi Commodity Exchange (MCX), precious metals faced notable selling pressure during early morning trading on Thursday, June 25.
MCX Market Snapshot
| Commodity | Contract | Price | Change | Spot Price |
| MCX Gold Futures | August | Rs P1,40,749 per 10 gm | -0.37% | Rs 1,41,814 per 10 gm (+0.22%) |
| MCX Silver Futures | July | Rs 2,10,801 per kg | -1.07% | Rs 2,14,200 per kg |
The selloff mirrored a broader rout in international markets, where gold touched levels not seen in over half a year.
Gold prices retreated on Thursday morning, pressured by a resurgent U.S. dollar as investors increasingly priced in aggressive Federal Reserve monetary tightening. The downward momentum has pushed safe-haven bullion toward multi-month lows across major global exchanges.
International Gold Market
| Indicator | Price | Movement |
| U.S. Spot Gold | $3,985.89/oz | Down 0.4% |
| U.S. Gold Futures (August) | $3,979.27/oz | Lower amid macro pressures |
U.S. Spot Gold fell 0.4% to $3,985.89 per ounce in early trading. This followed a bruising Wednesday session where the metal carved out a fresh seven-month low, marking its weakest performance since November 2025.
U.S. Gold Futures for August delivery similarly buckled under macro pressures, dropping to $3,979.27 per ounce.
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