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
Kalyan Jewellers Announces ₹5 Lakh Support For Each Bereaved Family In Thrissur Tragedy
Kalyan Jewellers Extends Compassionate Support, Reinforcing Community Solidarity in the Aftermath of the Thrissur Tragedy
In the wake of the recent tragic incident in Thrissur, Kalyan Jewellers announced financial assistance of Rs. 5 lakh each to the families of the deceased. As a company headquartered in Thrissur, this gesture is intended as a mark of solidarity with the affected families during this difficult time.
Commenting on the initiative, T. S. Kalyanaraman, Managing Director of Kalyan Jewellers, said:
“This loss is deeply personal for all of us who call Thrissur home. My thoughts are with families who are going through an unimaginable time. No words can truly ease their grief, but I hope this small gesture offers some measure of support. In times like these, what matters most is standing together as a community and being there for one another.”
Kalyan Jewellers will work with local authorities to facilitate the disbursement of support to the bereaved families.
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