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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.

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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.

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Gold Prices Hold Steady In India, Limited Movement In Domestic Retail Gold Prices

The Relatively Stable Domestic Rates Come After A Strong Recovery In International Gold Prices On Friday

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Gold prices in India remained largely steady on Saturday, September 19, following a strong rise in the previous trading session. According to the latest Goodreturns benchmark, 24K gold is priced at Rs 1,54,430 per 10 grams, while 22K gold stands at Rs 1,41,560 and 18K gold at Rs 1,15,830 per 10 grams.

All three purity categories recorded a marginal increase of Rs 10 per 10 grams compared with Friday’s benchmark, indicating limited movement in domestic retail gold prices.

MCX Gold Update

the MCX October 5, 2026 gold contract was quoted at Rs 1,54,263 per 10 grams, marking a gain of Rs 1,282, or 0.84%, from the previous close of Rs 1,52,981.

The contract opened at Rs 1,52,250 per 10 grams and recorded an intraday range of Rs 1,52,171 to Rs 1,54,600. The average price stood at Rs 1,53,817.88 per 10 grams, while open interest was reported at 8,101 contracts, down 4.01%.

The relatively stable domestic rates come after a strong recovery in international gold prices on Friday. Spot gold climbed to a one-week high, supported by easing inflation concerns following a decline in crude oil prices. The precious metal also remained resilient amid the latest interest-rate move by the US Federal Reserve.

With Indian commodity markets closed on Saturday, market participants are expected to track developments in global bullion markets and the previous session’s MCX gold performance for indications of the direction of prices when domestic trading resumes.

Gold prices continue to remain closely watched by jewellery manufacturers, retailers, bullion traders and consumers amid elevated domestic and international bullion rates.

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