loader image
Connect with us

National News

Gold price surges past Rs 1 Lakh/ 10 gm

Published

on

1,801 Views

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.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

National News

Divine Solitaires and Gahana Gems & Jewels Chart a Bold Growth Course For The Solitaire Category Across Gwalior, Guna, and Jhansi

Strategic Partnership Aims To Capture Over 40% Of The ₹105 Crore Regional Market Through Focused Assortment, Retail Visibility, And Consumer-Driven Growth Initiatives

Published

on

1,968 Views

In what is being seen as one of the most consequential retail alignments in the region this year, Divine Solitaires has come together with Gahana Gems & Jewels in a decisive partnership that is poised to transform how natural diamond solitaires are accessed, experienced, and purchased across Gwalior, Guna, and Jhansi.

Jignesh Mehta, MD & Founder, Divine Solitaires, recently sat down with Ajay Mangal, Owner, Gahana Gems & Jewels, and what emerged from that meeting was far more than pleasantries. The two arrived at a concrete, forward-looking business understanding with one shared ambition: to build the solitaire category into a significant, high-performing segment across all three cities where Gahana Gems & Jewels operates.

Two Leaders, One Clear Direction

Much like when business or political leaders convene and emerge with a shared agenda, the meeting between Jignesh Mehta and Ajay Mangal carried that same weight of intent. There was alignment on what needs to happen, how it will happen, and the commitment from both sides to make it happen. The outcome was a structured growth plan, covering inventory investment, assortment curation, in-store category focus, and a coordinated push on consumer awareness and outreach, all aimed at placing Gahana Gems & Jewels at the forefront of solitaire retail across this belt.

This is a three-city play. Gwalior, Guna, and Jhansi together represent a significant and largely underleveraged opportunity for natural diamond solitaires. The combined solitaire diamond jewellery market of Gwalior, Guna, and Jhansi is approximately INR 105 crores. The partners have jointly developed a detailed plan to capture more than 40% of this market share in the coming years. With Gahana Gems & Jewels now formally aligned with Divine Solitaires on a growth roadmap, that opportunity is no longer sitting idle.

What Has Been Agreed Upon
The partnership roadmap includes a sharper focus on solitaire assortment depth across key price points, greater in-store visibility and dedicated category space, and joint consumer marketing initiatives designed to build aspiration and drive footfall from buyers who are increasingly seeking certified, trusted natural diamond solitaires. Both parties have also committed to regular engagement to track progress, course-correct, and ensure that the solitaire segment receives the attention and investment it deserves at the retail level.

Jignesh Mehta, MD & Founder, Divine Solitaires, said:

“Ajay bhai and I had a very honest and productive conversation about where the solitaire category stands today in this region and where it can realistically go. What struck me was the clarity of thinking and the genuine intent to build something meaningful, not just to stock a product, but to own the category in these markets. We have walked away with a clear plan, and I have full confidence that Gahana Gems & Jewels will be a defining name for solitaires across Gwalior, Guna, and Jhansi in the months ahead.”

Ajay Mangal, Owner, Gahana Gems & Jewels, said:

Ajay


“Partnering with Divine Solitaires is a decision rooted in long-term thinking. We see real, growing demand from our customers for natural diamond solitaires, and we now have the right partner, the right assortment strategy, and the right roadmap to meet that demand at scale. This alignment gives us a distinct edge, and we intend to build on it aggressively across all our markets.”

Divine Solitaires does not partner broadly; it partners purposefully. Across 200+ stores in 100+ cities, every collaboration is built on mutual commitment, category seriousness, and a shared vision for growth. Gahana Gems & Jewels has secured that partnership for Gwalior, Guna, and Jhansi, and with it, a first-mover advantage in markets where the solitaire consumer is ready and waiting.

For jewellers in these cities and beyond who are still on the sidelines, the landscape is quietly but unmistakably shifting. The retailers who are choosing to align with Divine Solitaires today are not just stocking diamonds; they are claiming category leadership. And in a market where trust, assortment, and brand association increasingly determine where the consumer walks in, that head start carries real commercial weight.

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x