National News
Gold consolidates in the $50 range before a decisive move: Augmont Bullion Report
Gold prices are consolidating in a range between $2885 and $2935, spurred by a weaker US dollar and safe-haven flows as fears about the US economy grow amid growing trade tensions.
Concerns over a probable economic slowdown were heightened after President Donald Trump stated that the US economy was in a moment of transition while refusing to rule out the chance that his policies would create a recession.
This comes after the United States delayed imposing 25% tariffs on several Canadian and Mexican imports for a month, while Canada maintained its first retaliatory measures. China also levied further duties on some American agriculture products in reaction to Trump’s latest tariff increases on Chinese imports. Meanwhile, Fed Chair Jerome Powell acknowledged increased economic uncertainties but expressed no need to decrease interest rates.
Investors are now looking forward to US inflation statistics later this week, which may impact the Fed’s monetary policy position.
Technical Triggers
Gold prices are consolidating in a range between $2885(~Rs 85400) and $2935(~Rs 86200), prices need to break this range for decisive move towards upside momentum of $2975 (~Rs 87000).
Silver May Futures is gaining strength and if sustains above $330(~Rs 96700), the next target is $340(~Rs 100,000), and once it sustains above that, it can head higher towards $350(~Rs 103,000).
National News
Challani’s Jewelverse – Season 1, A Grand Jewellery Exhibition Opens In Chennai
The exhibition brings together an extensive collection of fine jewellery, featuring gold, diamonds, Polki, rose-cut diamonds and coloured gemstones under one roof.
Challani Jewellery Mart’s Challani’s Jewelverse – Season 1, a grand showcase of exquisite jewellery, commenced today at Taj Coromandel, Chennai, under the leadership of Jayanthilal Challani, Founder and Chairman of Challani Jewellery Mart. Challani’s Jewelverse – Season 1 is being held from October 9 to 11, 2026, between 10:00 AM and 9:00 PM each day.
The exhibition was inaugurated by Adityaram, Founder and Chairman of the Adityaram Group who formally opened the event by cutting the ribbon and lighting the traditional ceremonial lamp.
The exhibition brings together an extensive collection of fine jewellery, featuring gold, diamonds, Polki, rose-cut diamonds and coloured gemstones under one roof.
Combining traditional craftsmanship with contemporary designs, the showcase offers visitors an opportunity to explore a diverse range of distinctive jewellery collections.
Speaking to the media after the inauguration, Adityaram expressed his appreciation for the collection on display.I have visited several jewellery exhibitions, but the variety of collections showcased here is truly remarkable. What stands out is the range of designs available not only for women but also for men, with distinctive pieces that are visually appealing he said.
Addressing the media, Jayanthilal Challani said,
“Although Challani Jewellery Mart has several branches, our objective is to bring different categories of jewellery together in one place, offering customers a comprehensive shopping experience. This exhibition features an exclusive selection of gold, diamond, Polki, rose-cut and
coloured gemstone jewellery. We are delighted to see jewellery enthusiasts visiting the exhibition and showing keen interest in the collections. Commenting on gold prices, Jayanthilal Challani noted that although prices had eased slightly at present, they were expected to rise gradually from November.”
The inaugural event witnessed the participation of several prominent personalities, including Thangamalar Jagannath and Dr. Vimala Rani Britto, along with other distinguished guests, VIPs and jewellery enthusiasts. Visitors were seen exploring the collections with considerable interest.
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