International News
Gold, silver prices ease on global bullion correction, stronger US dollar
Gold prices in India eased to Rs 12,507/gram (24K) and silver to Rs 1.59 lakh/kg on Oct 24.After a record-breaking run through the festive weeks, gold and silver prices in India are taking a breather. er a record-breaking run through the festive weeks, gold and silver prices in India are taking a breather.Retail rates dipped slightly across major cities, tracking a correction in global bullion and a stronger US dollar.
A combination of three developments has triggered the current market selloff in gold, reshaping immediate trading patterns.Firstly, profit-booking after sustained periods of gains. Gold-backed ETFs experienced their most substantial single-day tonnage withdrawal in five months, indicating that institutional investors are reducing their positions following elevated valuations at consecutive record highs.
Secondly, the dollar index has shown strength over three straight sessions, effectively diminishing gold’s attractiveness by increasing its cost for those holding other currencies. This fundamental relationship between currency values and commodity prices has become prominent again, after being temporarily overshadowed by safe-haven trading during gold’s upward movement.
Furthermore, increased confidence regarding possible US–China trade deal has reduced the appeal of defensive investments. The White House has confirmed that Trump will hold discussions with Chinese President Xi Jinping in the coming days.
In a similar vein, gold prices in the global market declined on Friday and were set for their first weekly decrease in ten weeks, impacted by a stronger dollar and market participants adjusting their positions ahead of a significant US inflation report expected later in the day.
In dollar terms, gold has support at $4,020–$3,975 and resistance at $4,125–$4,170. Silver’s support lies at $47.85–$47.40, with resistance at $48.75–$49.30.
In Indian rupee terms, gold has support at Rs 1,21,070–Rs 1,20,580 and resistance at Rs 1,22,350–Rs 1,23,000. Silver is supported at Rs 1,44,350–Rs 1,43,450 and faces resistance near Rs 1,46,850–Rs 1,47,780.
Analysts believe gold could continue to trade in a narrow range ahead of Friday’s US CPI report, which is expected to provide clues on inflation and future rate decisions.
International News
Van Cleef & Arpels Gives Its Iconic Alhambra a Pink Enamel Makeover
The Maison Introduces Five New Alhambra Creations Featuring Translucent Pink Enamel and Yellow Gold
Van Cleef & Arpels has unveiled a vibrant new chapter for its iconic Alhambra collection, introducing translucent pink enamel to the signature four-leaf clover motif for the first time. The new creations combine the Maison’s emblem of luck with yellow gold, bringing a fresh, contemporary expression to the enduring design.
The new five-piece selection comprises a Vintage Alhambra pendant, five-motif bracelet, 10-motif necklace, 20-motif long necklace and Magic Alhambra two-motif earrings. The earrings additionally feature guilloché yellow gold, adding texture and contrast to the pink enamel.
The distinctive pink is the result of several years of research at Van Cleef & Arpels’ enamel workshops. Inspired by the historic 17th-century “gold-ruby” technique, the colour is created using fine particles of gold rather than traditional pigments. Carefully controlled particle size, shape and concentration produce the desired translucent hue.
Adding to its visual depth, the enamel contains tiny bubbles, giving each Alhambra motif a distinctive character while creating subtle variations as the surface catches and reflects light. The motifs are framed by the Maison’s signature gold beaded contours, further enhancing the interplay between the pink enamel and yellow gold.
Since its debut in 1968, Alhambra has continually evolved through different stones, materials and colours while retaining its instantly recognisable four-leaf clover silhouette. The introduction of enamel marks another significant step in that evolution, bringing together heritage craftsmanship, technical innovation and contemporary colour.
With its new pink interpretation, Van Cleef & Arpels continues to reinvent one of jewellery’s most recognisable motifs, demonstrating how traditional savoir-faire can give a familiar icon an entirely new expression.
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