National News
Gold prices touch Rs 1 lakh/10 gm mark: AUGMONT BULLION REPORT
Gold prices reached a record high of $3397 (~Rs 96747) on exchanges and nearly Rs 1 lakh in the spot market after adding 3% GST. Concerns over global economic growth as a result of the escalating Sino-U.S. trade war are driving the rise, with a weaker dollar adding to the momentum.
Fundamentally, markets are pricing in increased geopolitical risks, fueled by U.S. trade tensions and stagflation concerns, while persistent central bank demand adds to price pressures. On April 2, US President Donald Trump imposed “reciprocal tariffs” on dozens of countries, and while his administration has suspended duties for some, it has escalated its trade war with China.
China cautioned countries on Monday not to strike a bigger economic deal with the United States at its expense, a move Trump is allegedly looking for from countries seeking tariff reductions or exemptions. Meanwhile, Trump launched a slew of attacks on Federal Reserve Chairman Jerome Powell on Thursday, as his administration considers firing him.
On the geopolitical front, Russia and Ukraine accused one other of hundreds of strikes that breached President Vladimir Putin’s one-day Easter ceasefire, with the Kremlin claiming there was no instruction to extend the pause in frontline fighting.
The next potential milestone for gold could be around $3500 (~Rs 100,000) if this rally continues further, but positioning may appear crowded in the short run, and technical indications suggest near-term overbought circumstances. However, one must exercise extreme caution because prices have skyrocketed in a relatively short period. If prices fall below $3300 (~Rs 94300), profit-booking can lower prices to around $3100 (~Rs 90000). Silver prices have been trading in the range of $32 (~ Rs 94000) and $33 (~ Rs 97000) and to to continue same range in the coming week
National News
Kalyan Jewellers Announces ₹5 Lakh Support For Each Bereaved Family In Thrissur Tragedy
Kalyan Jewellers Extends Compassionate Support, Reinforcing Community Solidarity in the Aftermath of the Thrissur Tragedy
In the wake of the recent tragic incident in Thrissur, Kalyan Jewellers announced financial assistance of Rs. 5 lakh each to the families of the deceased. As a company headquartered in Thrissur, this gesture is intended as a mark of solidarity with the affected families during this difficult time.
Commenting on the initiative, T. S. Kalyanaraman, Managing Director of Kalyan Jewellers, said:

“This loss is deeply personal for all of us who call Thrissur home. My thoughts are with families who are going through an unimaginable time. No words can truly ease their grief, but I hope this small gesture offers some measure of support. In times like these, what matters most is standing together as a community and being there for one another.”
Kalyan Jewellers will work with local authorities to facilitate the disbursement of support to the bereaved families.
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