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
Royal Chain Files Draft Papers For Rs 1,000-Crore IPO
The Offering Features A Fresh Issue Of Equity Shares Worth Up To Rs 850 Crore Alongside An Offer For Sale (OFS) Of Up To Rs 150 Crore By Promoters and Existing Investors.
B2B jewellery manufacturer Royal Chain Ltd has filed draft red herring prospectuses (DRHP) with SEBI to raise Rs 1,000 crore through an initial public offering (IPO). The offering features a fresh issue of equity shares worth up to Rs 850 crore alongside an Offer for Sale (OFS) of up to Rs 150 crore by promoters and existing investors.
From the fresh issue, Royal Chain Ltd plans to deploy Rs 650 crore toward repaying or prepaying outstanding debt and accrued interest, reducing its total standalone borrowings of Rs820.4 crore. The remainder will fund general corporate purposes.
As a vertically integrated original design manufacturer (ODM), Royal Chain Ltd designs and manufactures gold chains and fine jewellery.
Royal Chain is a vertically integrated, technology-driven original design manufacturer (ODM) of gold chains and jewellery, operating across the value chain from conceptualisation and design to prototyping and manufacturing.
The company serves a broad customer base that includes organised retailers such as Titan Company, Kalyan Jewellers India, P N Gadgil Jewellers, Senco Gold, Kalamandir Jewellers, Thangamayil Jewellery and D.P. Abhushan, among others.
As of June 30, 2026, Royal Chain had a product portfolio of more than 27,000 designs. Its offerings are marketed under in-house brands including Rico, SAR and Anamitra, a children’s jewellery brand, as well as collections such as Aalishaan Jewels, Orant and Indigo.
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