National News
Forex reserves increase on surging gold prices
Reserve Bank of India data shows India’s foreign exchange reserves at $698.3 billion on September 5. The reserves are close to the record high of $704.9 billion. Weekly, forex reserves increased by $4 billion due to rising gold prices. Foreign exchange assets rose by $540 million to $584 billion. The value of gold reserves, which have a 13% share in total reserves, jumped by $3.5 billion compared to the previous week. At the current level, the reserves are shy of $6.6 billion from the record high of $704.9 billion reached in late September 2024.
India’s foreign exchange reserves have surged to near-record levels, with gold emerging as a critical stabilizer. The sharp rise in gold reserves is cushioning India’s external position against dollar volatility, a timely outcome amid global inflation and geopolitical uncertainty.
At the current level, reserves provide over 11 months of import cover, significantly above global adequacy norms, reducing vulnerability to oil shocks and capital outflows. This strong buffer reinforces macroeconomic resilience and bolsters confidence among global investors.
For the rupee, robust reserves ensure the RBI retains ample capacity to manage volatility, even in the face of shifting U.S. monetary policy. With reserves just $6.6 billion shy of the all-time high, sustained gold strength and steady portfolio inflows could push India to fresh peaks, cementing its position as one of the world’s largest reserve holders.
National News
Kangana Ranaut Unveils PNG Jewellers New Showroom In Ayodhya~
The Store Is PNG Jewellers’ 81st Overall and Its Fifth In UP following Lucknow, Kanpur, Gorakhpur and Varanasi.
Member of Parliament and Indian film actor Kangana Ranaut inaugurated PNG Jewellers new store in Ayodhya. The store is PNG Jewellers’ 81st overall and its fifth in UP following Lucknow, Kanpur, Gorakhpur and Varanasi. Located next to Rikabganj Women Police Station, the new store gives Ayodhya customers access to PNG Jewellers’ products, collections, and quality service closer to home.
Dr. Saurabh Gadgil, CMD- PNG Jewellers, said:

“Opening a store in Ayodhya is a special moment for us. We have received an encouraging response from customers across Uttar Pradesh, and we are pleased to bring PNG Jewellers closer to people in and around Ayodhya. We look forward to being part of their weddings, festivals and family celebrations, while offering the legacy, trust and craftsmanship that our brand has stood for over generations.”
Kangana Ranaut added:
“Ayodhya holds a special place in the hearts of so many people, and I am delighted to be here for the opening of PNG Jewellers’ new store. Jewellery is closely woven into how we celebrate our traditions, weddings and important moments with family. I wish the PNG team every success in Ayodhya.’’

The occasion also marks the debut of Ram Katha, an exclusive collection inspired by the Ramayana and the historical, cultural and spiritual heritage of Ayodhya. Launched by Kangana Ranaut, the collection is being introduced in its initial phase across PNG stores in North India

The store also showcases a range of gold, diamond, temple and bridal jewellery for weddings, festive occasions and everyday wear. Customers can explore PNG Jewellers’ collections, including Saptam, Katha, Pratha, Eiina and Polmi, with designs crafted for local tastes.

Ayodhya, revered as the birthplace of Lord Shree Ram, draws people from across the country for its temples, festivals and deeply rooted traditions. Jewellery is closely tied to weddings, festivals and family celebrations in the city. The new store allows PNG Jewellers to serve local customers more conveniently while continuing its expansion in Uttar Pradesh. To celebrate the opening, the brand introduced limited-period inaugural offers of up to 50% off on gold jewellery making charges and up to 100% off on diamond jewellery making charges*, valid till 15th November, 2026.
Adding to the excitement of the festive season, PNG Jewellers brings together its brand ambassadors Madhuri Dixit-Nene and Ranbir Kapoor for the first time in a special festive television commercial. The campaign marks a significant moment, bringing together two of Bollywood’s most iconic stars in a celebration of tradition, elegance and contemporary appeal. This much-awaited collaboration also reflects PNG Jewellers’ vision of connecting its nearly two-century-old legacy with a new generation of consumers.
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