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
Sky Gold & Diamonds Enters MSCI India Domestic Small Cap Index, Marks Key Milestone In Growth Journey
Index Inclusion Highlights Sky Gold’s Growing Market Relevance, Positive Operating Cash Flow and Focus On Disciplined, Scalable Growth.
Sky Gold & Diamonds Ltd, one of India’s fast-growing jewellery manufacturers, has been added to the MSCI India Domestic Small Cap Index, as part of the latest index review announced by MSCI.
The inclusion marks an important milestone for Sky Gold, reflecting the company’s growing presence and relevance within India’s listed small-cap universe.
A key development during the current quarter has been the company turning operating cash flow positive, marking an important step in improving working capital discipline and strengthening the quality of its growth. The company remains focused on balancing business expansion with profitability and cash flow generation.
Sky Gold is simultaneously strengthening its governance and management framework, with a structured leadership approach, robust and strengthened financial and governance processes, including engagement with a large global accounting firm.
Operationally, Sky Gold continues to focus on lightweight and value-added jewellery, while expanding its customer base and strengthening its presence across organised jewellery retail. Its asset-light manufacturing model remains central to its strategy of scaling capacity while maintaining capital efficiency.
Commenting on the development, Mr. Mangesh Chauhan, Managing Director, Sky Gold and Diamonds Limited, said:
“Our inclusion in the MSCI India Domestic Small Cap Index is an important recognition of our growth journey over the years from building scale to building a stronger, more disciplined and institution-ready organisation. As we move forward, our focus is on a sustainable business—one that grows profitably, converts growth into cash, deploys capital efficiently and continues to strengthen the systems and governance required to operate at a much larger scale”.
With Sky Gold 3.0, we are building the organisation for this next phase of growth with greater financial discipline, deeper customer relationships and a stronger scalable operating model. We believe this inclusion will further broaden Sky Gold’s visibility within the institutional investment community and reinforce our commitment to creating long-term value for our stakeholders.”
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