National News
Gold prices in India showed a small recovery after major drop
On May 13, 2025, gold prices in India showed a small recovery after a major fall the day before. With reduced geopolitical tensions, safe-haven demand has declined significantly, causing MCX Gold June futures to drop to Rs 92,975/10 grams. This represents a substantial decrease of nearly Rs 6,500 from its April 22 peak of Rs 99,358/10 grams.
The previous day witnessed weakness in both domestic and international markets. Gold June futures settled lower at Rs 92,901 per 10 grams, declining by 3.75%, whilst silver July futures ended at Rs 95,344 per kilogram, down by 1.43%.
On Monday, gold prices dropped sharply—twice in one day. In the morning, the price of 10 grams of 24-carat gold fell by ₹1,800. Later that evening, it dropped again by ₹1,400. Altogether, gold lost ₹3,200 for every 10 grams, bringing the price down to ₹95,460. This was a big fall, and many people were surprised.
Experts say the main reason for the drop was a change in international and political situations. Tensions between India and Pakistan started to calm down, so people felt safer and didn’t feel the need to invest in gold. Also, on the world stage, the United States and China agreed to pause their tariff hikes for 90 days. This made investors more interested in stocks and other investments instead of gold, which is often seen as a “safe-haven” during uncertain times.
National News
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.
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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Cosmos Diamonds Makes History With World’s First LGD Jewellery Launched Into Space
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National News4 hours agoMCX Gold, Silver Futures For August Delivery Rise On Renewed Geopolitical Tensions
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National News1 hour agoCosmos Diamonds Makes History With World’s First LGD Jewellery Launched Into Space
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