National News
Gold and Silver Prices Set to Surge in 2025- Gold Could Reach Rs 90000
Gold prices in India surged by 21% in 2024, driven by central bank policies, geopolitical risks, and strong global demand. As of January 1, 2025, gold prices were Rs 78,000 per 10 grams for 24K, with predictions pointing towards a rise to Rs 85,000-90,000 in 2025. While gold outperformed other commodities in 2024, experts recommend a “buy-on-dips” strategy for investors, as prices may consolidate before further gains. Geopolitical tensions and central bank actions will continue to support the demand for gold and silver.
Silver also saw impressive gains in 2024, with prices expected to reach Rs 1.1-1.25 lakh per kg, fueled by industrial and investment demand. Experts like Manav Modi from Motilal Oswal Financial Services maintain a positive outlook for both metals in the medium to long term, forecasting potential price growth even amid market fluctuations. However, while Rs 1 lakh for gold is considered optimistic, extreme economic conditions could push it towards that mark.
National News
Palmonas Raises $40 Million in Series B, Accelerates Omni-Channel Expansion
Shraddha Kapoor-Backed Demi-Fine Jewellery Brand to Scale Offline Retail and Strengthen Market Presence
Palmonas, the Shraddha Kapoor-backed demi-fine jewellery startup, has raised $40 million (approx. Rs. 373 crore) in a Series B funding round, led by Xponentia Capital and Vertex Growth Fund, with participation from existing investor Vertex Venture
The fresh capital will be utilised to expand its offline retail footprint, building on its growing omnichannel presence across online platforms and physical stores.
Founded in 2022 by Pallavi Mohadikar and Amol Patwari, with Shraddha Kapoor joining as co-founder, Palmonas operates in the demi-fine jewellery segment, offering affordable yet premium designs crafted from sterling silver and stainless steel with gold plating. The brand targets the space between fashion and fine jewellery, catering to a young, aspirational audience.
The company has seen rapid growth, with its operating revenue surging over 40X to Rs. 39 crore in FY25, up from Rs. 97 lakh in FY24. Notably, Palmonas also turned profitable, reporting a profit of Rs. 4.3 crore during the same period.
The brand had earlier raised Rs. 55 crore from Vertex Ventures and gained visibility through Shark Tank India Season 4, securing Rs. 1.26 crore funding from Namita Thapar and Ritesh Agarwal, at a Rs. 126 crore valuation.
Operating in a competitive space, Palmonas goes head-to-head with players such as GIVA, BlueStone, and Limelight Lab Grown Diamonds, as it continues to strengthen its position in India’s fast-growing demi-fine jewellery market.
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Palmonas Raises $40 Million in Series B, Accelerates Omni-Channel Expansion
Botswana Stepping Up Diplomatic Efforts To Complete The Removal Of US Tariffs
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New Premises2 hours agoP. N. Gadgil & Sons Expands in Pune with New Store at Tribeca Highstreet; Launches 9KT Collection
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National News5 hours agoPalmonas Raises $40 Million in Series B, Accelerates Omni-Channel Expansion
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