National News
Budget 2025-26:Jewellery stocks surge on tariff duties reduction
Shares of jewellery companies surged up to 9% on the BSE today after the government, in its Union Budget 2025 presented by Finance Minister Nirmala Sitharaman, reduced tariff duties on jewellery to 20%.
On Feb 1 after budget announcement the shares of PN Gadgil Jeweller were up by 9% at Rs 615.55 on the BSE, while Senco Gold suged by 4.9% to Rs 492.55 and RBZ Jewellers shares going up by 3.46% at Rs 190.Kalyan Jewellers shares were up by 2.7% at Rs 3,584.60 .Titan rallied by 2.7% and Tribhovandas Bhimji Zaveri (TBZ) shares surged by 2.3%.
National News
MCX Gold, Silver Move North On June US Employment Report
MCX Gold Futures Reclaimed the ₹1.48 lakh Mark
MCX Gold Futures reclaimed the Rs 1.48 lakh mark, hitting an intraday high of Rs 1,48,046 per 10 grams before stabilizing around Rs 1,47,845 (up 1.43%). Spot Gold (Global) surged by 1.5% to trade at $4,185 per ounce, rapidly closing in on the $4,200 level.
MCX Silver Futures zoomed up by Rs 4,457 or 1.91% to trade near Rs 2,37,761 per kg, after touching an intraday high of Rs 2,38,216 per kg. Spot Silver (Global) climbed more than 2.3% to trade comfortably above $62 per ounce.
The primary catalyst behind the bullish reversal was the June US employment report, which indicated a cooling US economy.
Nonfarm Payrolls: The US added just 57,000 jobs in June—the lowest hiring momentum in four months—well below the market expectation of 110,000 jobs.
Unemployment Rate: The rate edged down from 4.3% to 4.2%. However, economists noted that the decline was largely due to a weaker labour force participation rate, which fell to 61.5%, rather than stronger hiring activity.
Sectoral Shifts: Professional and business services (+36,000) and healthcare (+22,000) led job gains, while the leisure and hospitality sector recorded a sharp decline of 61,000 jobs.
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MCX Gold, Silver Move North On June US Employment Report
Mia By Tanishq and Lakmé Join Hands To Celebrate Everyday Style and Self-Expression
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International News3 days agoSIJE 2026 To Host 450+ Global Brands As Singapore Welcomes Back The World Diamond Congress After 38 Years
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National News3 days agoMCX Gold, Silver Move North On June US Employment Report
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BrandBuzz3 days agoMia By Tanishq and Lakmé Join Hands To Celebrate Everyday Style and Self-Expression
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National News3 days agoIIJS Bharat Premiere 2026 Conducts Nepal Buyer Outreach
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