National News

Gold continues its winning streak : Augmont Bullion report

Gold continues its winning streak

Published

2 years ago

March 19, 2025

Gold maintains its winning streak above $3025 (~Rs 88500) as Trump’s tariffs are projected to exacerbate inflation and economic turmoil. Trump said he would hold Iran accountable for any strikes carried out by the Houthi group it supports in Yemen, as his administration escalated the largest US military operation in the Middle East since Trump came to the White House.

Central banks’ accumulation of gold reserves, inflation concerns, and rising demand after the pandemic have contributed to the surge in gold prices.

The Fed is expected to maintain its benchmark interest rate in the 4.25%-4.50% range after its two-day policy meeting on Wednesday.

Technical Triggers

Gold Apr Futures after achieving the $3000 (~Rs 88000) milestone, now is expected to extend this run up towards $3035 (~Rs 88800) and $3080 (~Rs 90000) in the coming weeks. After that, we can see some retracement and profit-booking, which can extend down to $2800 and $2700 maximum.While Silver May Futures has also climbed above $34(~Rs 100,000) on strong demand, the next resistance for the prices is $35(~Rs 103,000).

Related Topics:#Gold Markets 2025 CentralBankGold Technical Triggers

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National News

Sky Gold and Diamonds Limited Announces Q2 and H1 FY27 Financial Results; Revenue At Rs 4,403.45 Crore, PAT Up 111.9%

For The Half Year Ended September 30, 2026, The Company Reported Consolidated Revenue Of ₹4,403.5 Crore, EBITDA Of ₹346.5 Crore and Profit After Tax Of ₹234.3 Crore

Published

12 minutes ago

October 29, 2026

JewelBuzz Spread The Buzz

Sky Gold and Diamonds Limited (BSE: 541967 | NSE: SKYGOLD), a listed B2B gold jewellery manufacturer, today announced its consolidated financial results for the

quarter ended September 30, 2026.

Commenting on the result, Mangesh Chauhan, Managing Director, Sky Gold and Diamonds Limited, said: “For the half year ended September 30, 2026, the Company reported consolidated revenue of Rs 4,403.5 crore, EBITDA of Rs 346.5 crore and profit after tax of Rs 234.3 crore. For the quarter ended September 30, 2026, consolidated revenue was Rs 2,390.7 crore, EBITDA was Rs 189.8 crore and profit after tax was Rs 129.4 crore.”

Key Financial and Corporate Highlights

Revenue: Consolidated revenue for Q2 FY27 was Rs 2,390.7 crore, compared with Rs 1,484.5 crore in Q2 FY26. For H1 FY27, revenue was Rs 4,403.5 crore, compared with Rs 2,615.7 crore in H1 FY26.

EBITDA: EBITDA for Q2 FY27 was Rs 189.8 crore, compared with Rs 99.9 crore in Q2 FY26. For H1 FY27, EBITDA was Rs 346.5 crore, compared with Rs 171.3 crore in H1 FY26.

EBITDA Margin: EBITDA margin was 7.94% in Q2 FY27, compared with 6.7% in Q2 FY26. For H1 FY27, EBITDA margin was 7.87%, compared with 6.5% in H1 FY26.

Profit After Tax: Reported PAT for Q2 FY27 was Rs 129.4 crore, compared with Rs 67.0 crore in Q2 FY26. For H1 FY27, reported PAT was Rs 234.3 crore, compared with Rs 110.6 crore in H1 FY26.

PAT Margin: PAT margin was 5.4% in Q2 FY27, compared with 4.5% in Q2 FY26. For H1 FY27, PAT margin was 5.3%, compared with 4.2% in H1 FY26.

Cash Flow from Operations: Cash Flow from operations for H1 FY27 was Rs 136.7 crore, compared with (Rs 100.9) crore in H1 FY27. CFO/EBITDA was 39% for H1 FY27 vs earlier guidance of 20%.

Completion of Acquisition of Purvi Gems & Jewellery: On October 7, 2026, the Board approved completion of acquisition of 100% stake in Purvi Gems & Jewellery (India) Private Limited for total cash consideration of Rs 9 crore.