National News
Gold and Silver Decline As Crude Surges
Domestic Gold and Silver Markets Saw Heavy Selling Pressure On Friday
Commodities and currency markets experienced high volatility today as investors weighed a complex mix of escalating Middle East tensions, ongoing peace talks, and uncertain U.S. monetary policy.
Despite a dramatic two-day exchange of missile strikes between the U.S. and Iran in the strategic Strait of Hormuz—which severely slowed shipping traffic—both nations have signaled a willingness to continue diplomatic negotiations. However, the temporary threat to energy infrastructure has kept the broader markets on edge.
Domestic gold and silver markets saw heavy selling pressure on Friday, driven by cooling safe-haven demand as investors bet on continued U.S.-Iran diplomacy.
MCX Gold: The domestic benchmark dropped sharply by over Rs.1,030, settling near Rs.1,44,270 per 10 grams. Analysts note that gold is facing immediate support in the Rs.1,43,000–Rs.1,44,000 range, with technical resistance holding at Rs.1,45,000–Rs.1,45,500.
MCX Silver: Silver underperformed the broader bullion sector, crashing by 1.5% (a drop of over Rs.3,300) to trade around Rs.2,23,050 per kg.
Global Spot Markets: International markets showed a distinct decoupling. While Spot Gold edged slightly lower to $4,118 per ounce, Spot Silver defied the domestic trend, gaining nearly 1% to trade above $60 per ounce.
National News
VBJ Set To Host Madurai With An Exclusive Jewellery Showcase
Experience Timeless Craftsmanship Through An Exquisite Selection Of Gold, Diamond, Solitaire and Precious Stone Jewellery
VBJ, Vummidi Bangaru Jewellers, India’s most trusted heirloom jewellery brand, is set to host an exclusive two-day jewellery sale and exhibition in Madurai on 26th and 27th August 2026 at Fortune Pandiyan Hotel, Pandyan Hall, SH 72, Outpost, Ramaond Reserve Line, Madurai. Bringing its signature craftsmanship closer to customers, the exhibition will offer an opportunity to explore an extensive range of jewellery, along with an exclusive offer of Rs. 125 extra on exchange of old gold. The exhibition will remain open from 11 AM to 8 PM on both days.

Visitors can explore a diverse range of jewellery, from elaborate bridal masterpieces and statement necklaces to elegant everyday pieces, including bangles, earrings, rings, chains and gemstones. Bringing together the beauty of traditional artistry and contemporary design, the showcase reflects VBJ’s commitment to creating timeless pieces crafted with exceptional finesse and quality.
Speaking about the exhibition Amarendran Vummidi, Managing Partner, VBJ, said:

“Madurai has a rich appreciation for jewellery, and we are delighted to bring our signature collections closer to customers in the city. As a brand with a legacy spanning generations, our journey has always been rooted in preserving the heritage while evolving with the tastes of today’s customers. This exhibition is an opportunity for us to bring that legacy closer to jewellery enthusiasts in Madurai and celebrate the enduring appreciation for the fine craft that the city represents.”
Adding to this, Jithendra Vummidi, Managing Partner, VBJ, said:
“Craftsmanship has always been at the heart of every VBJ creation, with each piece reflecting our commitment to detail and quality. Through this exhibition, we are bringing together an extensive selection of gold, diamond, solitaire and precious stone jewellery to offer customers a distinctive experience, whether they are looking for a bespoke bridal creation or an elegant piece for everyday wear.”

As a fifth-generation family-run brand, VBJ takes immense pride in its legacy as the creator of the historic Sengol (sceptre) – a sacred symbol of India’s democratic journey. Rediscovered after 72 years through meticulous research by the VBJ team, the Sengol was reinstated beside the Speaker’s chair in India’s new Parliament building, Sansad Bhavan, by Hon’ble Prime Minister Narendra Modi, marking VBJ’s enduring bond with India’s cultural and national heritage.

Further strengthening its regional presence, VBJ is set to open its all-new showroom on Coimbatore’s 100ft Road soon, reaffirming the brand’s long-term commitment to serving customers across Tamil Nadu with personalised experiences and exceptional craftsmanship.
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