National News
Gold, silver price decline continues, downward momentum may continue in the short term
Gold and silver prices in India continued their downward trend for the third consecutive day, following record highs seen just before Dhanteras 2025. By the end of Tuesday’s trading session, gold was down 2.06%, closing at Rs.1,18,461 per 10 grams, while silver dropped 1.36% to Rs.1,41,424 per kilogram. On the Multi Commodity Exchange (MCX), gold opened 0.7% lower at Rs.1,20,106 per 10 grams, compared to the previous session’s Rs.1,20,957. Silver also registered a similar decline, opening 0.69% lower at Rs.1,42,366 per kilogram.
The fall comes after a strong two-month rally, with traders now booking profits amid changing global cues. After a solid two-month rally, gold and silver prices came under heavy selling pressure as both metals slipped below key psychological levels — $4,000 for gold and $47 per ounce for silver. The decline is being driven by a stronger dollar index and renewed optimism over US trade discussions with China and India.
Analysts opine that gold prices continue to decline as safe-haven demand weakens amid optimism over a potential US–China trade deal and a stronger US dollar.Investors considering gold as a hedge should prepare for short-term volatility and sharp price swings Experts attribute this continued weakness to profit booking and global market cues. Many analysts warn that the downward momentum may persist in the short term, urging investors to monitor price movements before making fresh purchases.Despite the current dip, gold remains significantly higher than pre-festive season levels, highlighting ongoing volatility in the bullion market
National News
Shringar House of Mangalsutra Ltd. Flags Off the Pune Expansion, Inaugurated by PNG Jewellers CMD Saurabh Gadgil
The opening of Pune Sales Office to strategically drive expansion across Pune, Marathwada and Vidarbha region
Shringar House of Mangalsutra Limited, India’s most trusted B2B gold jewellery manufacturer specializing in mangalsutras, has strengthened its presence in Maharashtra through the launch of a strategic Pune sales office, which was inaugurated by Saurabh V. Gadgil, CMD of P N Gadgil Jewellers Limited (PNG).
Shringar House of Mangalsutra Limited, India’s most trusted B2B gold jewellery manufacturer specializing in mangalsutras, has strengthened its presence in Maharashtra through the launch of a strategic Pune sales office, which was inaugurated by Saurabh V. Gadgil, CMD of P N Gadgil Jewellers Limited (PNG).
With Maharashtra playing an increasingly important role in India’s jewellery value chain, the company plans to deepen retail partnerships, expand its design portfolio and strengthen its B2B infrastructure across the region. The Pune office represents a foundational step in Shringar House of Mangalsutra Limited’s strategy to consolidate its position as a leading specialist in the mangalsutra category.
The Pune sales office will function as a central commercial and coordination hub for operations across Pune, Marathwada and Vidarbha regions, supporting closer engagement with jewellery retailers, wholesalers and corporate jewellery brands.
Pune’s location enables Shringar House of Mangalsutra Limited to service premium urban jewellery markets while extending efficient trade coverage to Marathwada and Vidarbha, where mangalsutras remain integral to bridal and ritual jewellery demand.

Commenting on the expansion, Chetan Thadeshwar, Chairman, Shringar House of Mangalsutra Limited, said: “Our Pune sales office is a strategic step aligned with our long-term vision to enhance accessibility, quality product and a wide variety of mangalsutras for retailers across Maharashtra. The state represents a critical market for us, and this expansion strengthens our ability to work closely with partners and support their growth with greater efficiency and consistency.”
Viraj Thadeshwar, CEO and Executive Director, Shringar House of Mangalsutra Limited, added, “The launch of our Pune sales office marks an important step in strengthening on-ground engagement with our retail partners in Maharashtra. This presence allows us to respond faster to market needs, improve supply efficiencies, and ensure consistent availability of designs across price points. As demand continues to evolve, our focus remains on building a scalable and agile distribution network that supports long-term partner growth.”

Speaking at the inauguration, Dr. Saurabh Gadgil, Chairman and Managing Director, PNG Jewellers, said:

“I am honoured to be part of the inauguration of Shringar – House of Mangalsutra’s new office in Pune. Shringar has been a trusted partner to PNG Jewellers for many years, and our teams share a very close and collaborative working relationship. Mangalsutras are a significant and culturally important category in the Indian jewellery landscape, and Shringar is among the finest manufacturers in this space, known for their vast product range, exceptional designs and consistent quality.
This new office will further strengthen their ability to serve the western India market and support many more jewellers across the region. I extend my best wishes to Chetan Thadeshwar ji and his sons, Viraj and Balraj, for continued success.”
With decades of experience in mangalsutra manufacturing, Shringar House of Mangalsutra Limited continues to focus on design innovation, manufacturing excellence and dependable supply partnerships across India.
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