National News
Gold price surges past Rs 1 Lakh/ 10 gm
In a landmark moment for the Indian bullion market, gold prices have surged past the Rs 1 lakh mark per 10 grams, reinforcing the precious metal’s status as a safe-haven investment during times of economic uncertainty. On Friday, Mumbai’s renowned Zaveri Bazaar witnessed an unprecedented rise in the price of 24-carat gold, which now stands at Rs 1,01,000 per 10 grams—marking the highest ever recorded in India’s history.
This significant increase is largely attributed to a confluence of international and domestic factors. Market experts suggest that rising global gold prices, coupled with expectations of potential interest rate cuts in the United States and Europe, have played a pivotal role in boosting demand. Additionally, a weakening US dollar and ongoing geopolitical tensions, particularly in the Middle East, have further cemented gold’s appeal among investors seeking stability in volatile times.
While this surge may be welcomed by investors, it poses a financial challenge for everyday consumers, especially during the current wedding season. As gold becomes increasingly expensive, middle-class buyers may find it harder to afford new jewellery. In fact, several gold traders have reported a noticeable dip in demand for newly crafted ornaments, with many customers choosing instead to liquidate existing gold assets to take advantage of the high prices.
Looking ahead, the trajectory of gold prices remains uncertain. If global instability continues and investor demand holds strong, experts believe that prices could climb even higher. On the other hand, some analysts foresee a potential cooling-off period, citing the likelihood of profit booking by investors who may now choose to capitalize on the recent surge.
In conclusion, the current rally in gold prices underscores the metal’s enduring significance in global and domestic markets. Whether this trend will persist or see a temporary pullback remains to be seen, but for now, gold continues to shine brightly as both an investment and a symbol of security.
National News
Shankesh Jewellers Ltd Listed On The BSE At Rs 102.30 At A Premium Of Rs 9.30
The Positive BSE Debut Comes Against The Backdrop Of Continued Investor Interest In Jewellery and Consumer-Focused Businesses.
Shankesh Jewellers Ltd made a strong debut on the Bombay Stock Exchange (BSE), with its shares opening at Rs 102.20, registering a gain of Rs 9.20, or 9.89%, over its issue price of Rs 93 per share.
Following the positive opening, the stock continued to attract buying interest and was trading at Rs 107.04, up Rs 14.04, or 15.10%, from the issue price. During the trading session, the scrip touched an intraday high of Rs 110.99 and a low of Rs 98.30. Around 30.10 lakh shares had been traded on the counter, indicating active investor participation following the listing.
The company’s public offering had received a positive response from investors. The issue was open for subscription from August 18 to August 20, 2026, and was subscribed 2.80 times. The company had fixed the issue price at Rs 93 per share, at the upper end of its price band of Rs 88–93 per share
The strong listing performance reflects the market’s positive response to Shankesh Jewellers and its business positioning in the organised jewellery segment. The company is engaged in the business of handcrafted gold jewellery, with a focus on creating customised jewellery solutions for its clients.
Shankesh Jewellers caters to customers seeking jewellery that combines traditional craftsmanship with personalised design. Its customisation services allow customers to participate in the design process and obtain jewellery tailored to their individual preferences, occasions and requirements.
The company’s focus on handcrafted gold jewellery places it within a segment where design, craftsmanship and customer relationships remain important differentiators. With consumers increasingly seeking personalised and distinctive jewellery, customisation has emerged as an important part of the jewellery-buying experience.
The positive BSE debut comes against the backdrop of continued investor interest in jewellery and consumer-focused businesses. The 15.10% gain over the issue price on the first trading day marks a strong beginning for Shankesh Jewellers as a listed company and puts the spotlight on its future growth prospects, business expansion and ability to build on its established jewellery operations.
The listing also provides the company with greater visibility in the capital markets while giving investors an opportunity to participate in its growth journey. Market participants will now track the company’s financial performance, expansion plans, operating margins and demand for handcrafted and customised gold jewellery as key indicators of its post-listing performance.
Shankesh Jewellers Ltd Listed On The BSE At Rs 102.30 At A Premium Of Rs 9.30
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National News23 minutes agoShankesh Jewellers Ltd Listed On The BSE At Rs 102.30 At A Premium Of Rs 9.30
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