National News
Giva Opens Its First Airport Jewellery Store at Chennai International Airport
The exclusive store, offering handcrafted silver jewellery, aims to cater to growing demand for premium accessories in travel retail.
Jewellery brand Giva has inaugurated its first-ever airport store at Chennai International Airport, Terminal 1 Departures, as part of its strategy to expand its retail presence. The exclusive store offers travellers a curated selection of handcrafted silver jewellery, designed to meet the increasing demand for high-end accessories in the travel retail sector.
A representative from Vidvedaa Airports, which partnered with Giva for this launch, remarked, “Chennai International Airport has become a key retail hub, offering a wide array of brands across fashion, beauty, lifestyle, and accessories. We are excited to welcome Giva, further enhancing the shopping experience for travellers.”
Vidvedaa Airports, the authorized master concessionaire for both domestic and international terminals at Chennai Airport, plays a vital role in facilitating retail expansion by offering brands prime, high-traffic locations along with operational support. The addition of Giva to the airport’s retail lineup is in line with Vidvedaa’s strategy to diversify the retail offerings at the airport.
Commenting on the opportunity, a representative from Vidvedaa Airports added, “Airport retail presents a unique chance to engage with consumers in a dynamic environment. Our goal is to continually expand our offerings and ensure Chennai Airport remains a premier shopping destination.”
As airports in India continue to emerge as significant retail destinations, there is an increasing demand for jewellery, fashion, and lifestyle products. With this new store, Giva aims to further strengthen its presence in high-visibility locations, tapping into the growing travel retail market.
National News
Gold, silver prices on MCX trading cautiously on FOMC minutes report
Gold and silver prices on India’s MCX (Multi Commodity Exchange) are trading cautiously
They are following the ups and downs in global prices.This is because the latest FOMC minutes (from the US Federal Reserve’s January meeting) showed a more cautious (“hawkish”) view on future interest rate policies. Some officials want to pause rate cuts or even raise rates if inflation stays high. This reduced expectations for big rate cuts soon.
In early trading today, MCX gold went back above Rs 1.56 lakh per 10 grams. MCX silver is trading between Rs 2.44 lakh and Rs 2.46 lakh per 1 kg. Both metals are a little higher overall.
On the global side, spot gold dropped and is struggling around $4,960 per ounce.The FOMC notes showed Fed officials were divided. Some want to hold off on more rate cuts for now, but they might restart easing later if inflation gets better. Others even talked about possible rate hikes. They wanted the post-meeting statement to show both possibilities for future rates. Because of this, traders now expect fewer rate cuts.
Attention is now on important US data coming this week, like GDP and PCE (inflation measures).Short-term demand for gold and silver has also slowed because of China’s Lunar New Year holiday. Trading activity is low, and many investors are away. At the same time, geopolitical risks with Iran have come up again, with reports saying any US military action could last weeks after talks did not fully succeed.
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