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Gold futures on the  MCX gain strong ground

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Gold futures on the Multi Commodity Exchange (MCX) gained strong ground over the past week, rising by Rs 3,160 or 2.42 per cent to close at record highs. Prices stayed firm after the US Federal Reserve announced interest rate cuts and liquidity support measures. However, the Fed also adopted a cautious approach, saying it would wait for more economic data before making further cuts. This led to heavy selling in US Treasury bonds and weakened the dollar, which supported gold prices.

At the same time, rising geopolitical tensions between the US and Venezuela increased demand for gold as a safe-haven asset. Concerns over the possible unwinding of yen carry trades, ahead of the Bank of Japan’s expected 25-basis-point rate hike on December 18, also added to gold’s appeal. On Friday, MCX gold touched an all-time high of Rs 1,35,263 per 10 grams, supported by a softer dollar and strong investor buying interest.

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Cosmos Diamonds Makes History With World’s First LGD  Jewellery  Launched Into Space

The Launch Also Reinforces India’s Emergence As A Global Innovation Hub Where Startups From Diverse Sectors Are Forging Unconventional Partnerships.

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In a landmark moment where luxury, science and space exploration converged, Sanjana Tripuramallu, founder of Bengaluru-based Cosmos Diamonds, has achieved a global first by collaborating with private space company Skyroot Aerospace to send Cosmos Bloom, the world’s first lab-grown diamond (LGD) jewellery creation into space aboard the Vikram-1 rocket.

The Cosmos Bloom Diamond  is handcrafted in 18 kt gold using 32 pear-cut LGDs arranged in the form of a blooming lotus and mounted on a specially engineered aluminium base plate. It is designed to withstand the extreme conditions of launch and spaceflight. The space-bound jewel is valued at Rs 11 lakh and combines Indian craftsmanship, technology, and innovation.

Sanjana Tripuramallu, Founder- Cosmos Diamonds

The launch also reinforces India’s emergence as a global innovation hub where startups from diverse sectors are forging unconventional partnerships. While Skyroot Aerospace showcased the country’s private launch capabilities through Vikram-1, Cosmos Diamonds used the mission to tell a powerful story of Indian design and scientific ambition on an international stage. With the successful launch of the world’s first lab-grown diamond jewel into orbit, Sanjana Tripuramallu and Cosmos Diamonds have etched their names into both jewellery and space history, demonstrating that the future of luxury may well extend beyond Earth itself.

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