National News
Indian Natural Diamond Industry’s Revenues Projected To Stabilize: CRISIL Ratings
Natural Diamonds Retain Their Appeal In Premium Segments, Where Branding, Rarity and Emotional Value Remain Key Purchase Drivers
A report by CRISIL Ratings shows that India’s natural diamond industry is expected to hold steady at $15 billion in revenue this year rather than making a major recovery.
Strong domestic sales: Indian shoppers are buying more diamond jewellery locally, helping offset falling exports to key markets like the US and China. Domestic sales now make up nearly 25% of overall industry revenue (up from less than 15% in 2024).
Impact of Lab-Grown Diamonds (LGDs): Lab-grown diamonds have become very popular for smaller, budget-friendly pieces (especially in the US), taking market share away from smaller natural diamonds.
Natural diamonds stay premium: Large, rare natural diamonds (over 4 carats) continue to rise in price and retain their status as luxury items.
China remains another area of concern. Weak consumer sentiment and a sustained preference for gold continue to limit discretionary spending on diamond jewellery.
Even so, natural diamonds retain their appeal in premium segments, where branding, rarity and emotional value remain key purchase drivers.
The bottom line: Polishing companies are exercising strict inventory control to keep their finances stable while waiting for global demand to recover.
National News
Gold and Silver Rally Up To 2% On MCX On Weakening US Dollar
The Price Surge Reflects Renewed Buying Interest and Improved Investor Sentiment Across Domestic Commodity Markets, Driven By A Softer US Dollar and Declining Treasury Yields
— Bullion markets experienced a sharp rebound today as gold and silver prices jumped by up to 2% on the Multi Commodity Exchange (MCX). The price surge reflects renewed buying interest and improved investor sentiment across domestic commodity markets, driven by a softer US dollar and declining Treasury yields following strong Democratic performances in the US midterm elections.
Domestic gold prices advanced nearly 2% during morning trading, pushing gold futures to a two-week high. The decline in US Treasury yields provided further momentum, increasing the appeal of non-yielding assets such as precious metals.
Key Domestic Market Rates (November 5, 2026)
Retail bullion rates across major metro cities reflected today’s upward surge:
Delhi:
Standard 22-carat gold stood at Rs 1,07,200 per 8 grams, while pure 24-carat gold traded at Rs 1,16,936 per 8 grams.
Mumbai:
Standard 22-carat gold opened at Rs 1,07,080 per 8 grams, with pure 24-carat gold priced at Rs 1,16,816 per 8 grams.
Market Drivers
Analysts attribute today’s sudden surge to several macroeconomic factors:
US Dollar Index Softening: A weaker greenback made dollar-priced commodities more attractive to international and domestic buyers.
Declining Bond Yields: Reduced yields on safe-haven sovereign bonds shifted capital allocation toward precious metals.
Political Factors: Clarity emerging from the US midterm election results injected fresh liquidity into commodity markets.
Market observers expect spot gold and silver rates across major Indian hubs to remain responsive to macroeconomic triggers and currency movements throughout the trading session.
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