National News
Gold, Silver Retreat On MCX As Rising Yields and Oil Prices Prompt Profit-Taking
Despite The Abrupt Downturn, Market Observers View The Selloff As A Routine Correction Within A Broader Bull Market Rather Than A Fundamental Shift In Sentiment
Gold and silver prices tumbled on Tuesday as a surging oil market and rising U.S. Treasury yields sparked a round of aggressive profit-taking, briefly sending domestic gold futures below the key threshold of 155,000 rupees per 10 grams on the Multi Commodity Exchange (MCX).
The October gold contract on the MCX slid to an intraday low of 154,925 rupees per 10 grams—down more than 1,000 rupees from its previous close—before paring losses to trade near 155,160 rupees, a drop of 780 rupees, or 0.50%, during the morning session. Silver futures experienced steeper selling pressure, falling by more than 2,600 rupees per kilogram as speculative traders scrambled to lock in recent gains.
The sharp pullback follows a sustained rally that pushed precious metals to multi-session highs. Tuesday’s retreat was catalyzed by a spike in crude oil prices, which reignited inflation fears and eroded market expectations for an immediate easing of U.S. monetary policy. Higher yields on U.S. Treasuries added further headwinds, raising the opportunity cost of holding non-yielding assets such as gold.
Despite the abrupt downturn, market observers view the selloff as a routine correction within a broader bull market rather than a fundamental shift in sentiment. Precious metals have delivered double-digit gains over the past year, making periodic profit-taking a standard feature of the market’s trajectory.
National News
Palmonas Unveils The Palmonas X Tanya Ghavri Collection
New Campaign Film Launched Featuring Actor and Co-Founder Shraddha Kapoor Alongside Celebrity Stylist Tanya Ghavri
Palmonas brings its latest collaboration, the Palmonas x Tanya Ghavri collection, to life with a new campaign film featuring actor and Co-Founder Shraddha Kapoor alongside celebrity stylist Tanya Ghavri.
The campaign captures the duo in a playful styling session, exploring the collection through Tanya’s signature approach to layering, stacking and statement-making jewellery.
The campaign film follows Shraddha as she gets styled by Tanya in pieces from the collection, with the two discussing their approach to jewellery and the growing “jewellery maxxing” trend. From layering necklaces and stacking rings to mixing statement pieces with delicate designs, Tanya experiments with different combinations to show how jewellery can become the defining element of a look.
The conversation between Shraddha and Tanya adds a candid and playful dimension to the campaign, as they explore the idea of wearing more jewellery and making different pieces work together. Rather than following a single styling formula, the film embraces experimentation, with different silhouettes, proportions and textures coming together to create looks that feel personal.
The Palmonas x Tanya Ghavri collection is available for a limited time, only until 30 October. The campaign invites jewellery lovers to explore Tanya’s edit and experiment with their own take on jewellery maxxing before the collection is no longer available.
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