National News
Grand opening of Joyalukkas Showroom in Jodhpur, Rajasthan
Joyalukkas has expanded its presence with the grand opening of a new showroom in Jodhpur, Rajasthan. The inauguration ceremony was graced by . Vanita Seth, Mayor of Jodhpur Nagar Nigam (South), alongside Joy Alukkas, Chairman and Managing Director of Joyalukkas Group, and Thomas Mathew, Executive Director of Joyalukkas
National News
Gold and Silver Prices Drop Post-Dussehra On Stronger US Dollar
Precious Metals Dip On Strengthening US Dollar, Persistent Global Inflation Concerns, and Shifting Interest Rate Expectations —
Gold and silver prices opened lower on the Multi Commodity Exchange (MCX) on Wednesday following the Dussehra festival, pulled down by a strengthening US dollar, persistent global inflation concerns, and shifting interest rate expectations from the US Federal Reserve.
​Gold futures fell by Rs 223 to trade at Rs 1,46,296 per 10 grams on the MCX, mirroring weak sentiment across overseas bullion markets. Silver experienced a sharper decline, tumbling by Rs 1,373 to trade at Rs 2,10,112 per kilogram.
​Market Summary
​Gold (MCX): Down Rs 223 at Rs 1,46,296 per 10 grams.​Silver (MCX): Down Rs 1,373 at Rs 2,10,112 per kilogram.
​Global Benchmark: Both metals traded weaker across international exchanges as the US dollar gained strength.
​Primary Drivers: A firm US dollar index, sticky global inflation concerns, and hawkish signals surrounding the US Federal Reserve’s rate trajectory continue to exert downward pressure on precious metal valuations post-festive demand.
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