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
Advit Jewels IPO To Open On June 23, Issue Size Of Rs. 165.16 Crores
The IPO Price Band Is Set Between Rs. 130 and Rs. 138 Per Share
Advit Jewels Ltd. is launching its Initial Public Offering (IPO) with an issue size of Rs. 165.16 crores. The bidding window for Advit Jewels IPO will be open from 23 June to 25 June 2026, for public subscription.
The company had filed its draft red herring prospectus (DRHP) in September, 2025, announcing its IPO plans.
The jewellery manufacturer plans to list its shares on BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). Nitin Gilara, Prateek Gilara, Vipul Gilara, and Krishna Vardhan Gilara are the promoters of the company.
Advit Jewels Ltd is engaged in the design, manufacturing, and trading of gold, diamond, and silver jewellery. The company offers a diverse collection of ornaments catering to both traditional and contemporary tastes, serving customers through wholesale and retail channels across India.
Advit Jewels IPO will be a book-build issue of Rs. 165.16 crores, consisting entirely of a fresh issue of 1.20 crore shares. The IPO price band is set between Rs. 130 and Rs. 138 per share. The lot size for an application is 100 shares. The minimum investment required for a retail individual investor (RII) is Rs. 13,800 (100 shares), based on the upper price.
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National News26 minutes agoAdvit Jewels IPO To Open On June 23, Issue Size Of Rs. 165.16 Crores
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