National News
Gold continues its winning streak : Augmont Bullion report
Gold continues its winning streak
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).
National News
Lalithaa Jewellery Mart IPO Opened At ₹190–₹201 Per Share
The ₹1,700-crore IPO Comprised A Fresh Issue Of Up To ₹1,200 Crore and An Offer-For-Sale Of Up To ₹500 Crore.
Lalithaa Jewellery Mart Limited opened its Initial Public Offer (IPO) for subscription on 17 August 2026, with the issue closing on 19 August 2026. The company had fixed the price band at Rs 190–Rs 201 per equity share, with a minimum bid lot of 74 shares.
The IPO comprised a fresh issue of up to Rs 1,200 crore and an offer-for-sale of up to Rs 500 crore by promoter M. Kiran Kumar Jain.
Operating under the Lalithaa brand, the jewellery retailer had 61 stores across 51 cities in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and Puducherry as of March 31, 2026. The company offers gold, diamond and silver jewellery, with a strong presence in Tier-II and Tier-III markets.
For FY26, Lalithaa Jewellery Mart reported revenue from operations of Rs 25,023.93 crore, compared with Rs 16,788.05 crore in FY24, while net profit rose to Rs 1,009.82 crore from Rs 359.83 crore during the same period.
The company operates two manufacturing facilities in Tamil Nadu and has focused on in-house manufacturing, competitive pricing and large-format stores as part of its growth strategy.
Anand Rathi Advisors Limited and Equirus Capital Limited acted as the book-running lead managers, while MUFG Intime India Private Limited was the registrar to the offer.
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