National News
India’s gold demand improves as prices dip
Gold demand in India saw a slight improvement towards the week’s end as prices fell from record highs, yet remained below normal levels. Discounts in China persisted due to low activity, and India’s imports are predicted to drop significantly by 85 per cent in February. Meanwhile, gold trades in Singapore, Hong Kong, and Japan show varying premiums and discounts.
India’s gold demand improved in the second half of this week but remained lower than normal as prices retreated from all-time-high levels, while traders continued to offer discounts in China as activity remained lacklustre. Domestic gold prices were trading around 84,750 rupees per 10 grams on Friday after hitting a record high of 86,592 rupees last week.
Indian dealers this week offered a discount of $12-$27 an ounce over official domestic prices, inclusive of 6 per cent import and 3 per cent sales levies, down from the last week’s discount of $35.
National News
Royal Chain Files Draft Papers For Rs 1,000-Crore IPO
The Offering Features A Fresh Issue Of Equity Shares Worth Up To Rs 850 Crore Alongside An Offer For Sale (OFS) Of Up To Rs 150 Crore By Promoters and Existing Investors.
B2B jewellery manufacturer Royal Chain Ltd has filed draft red herring prospectuses (DRHP) with SEBI to raise Rs 1,000 crore through an initial public offering (IPO). The offering features a fresh issue of equity shares worth up to Rs 850 crore alongside an Offer for Sale (OFS) of up to Rs 150 crore by promoters and existing investors.
From the fresh issue, Royal Chain Ltd plans to deploy Rs 650 crore toward repaying or prepaying outstanding debt and accrued interest, reducing its total standalone borrowings of Rs820.4 crore. The remainder will fund general corporate purposes.
As a vertically integrated original design manufacturer (ODM), Royal Chain Ltd designs and manufactures gold chains and fine jewellery.
Royal Chain is a vertically integrated, technology-driven original design manufacturer (ODM) of gold chains and jewellery, operating across the value chain from conceptualisation and design to prototyping and manufacturing.
The company serves a broad customer base that includes organised retailers such as Titan Company, Kalyan Jewellers India, P N Gadgil Jewellers, Senco Gold, Kalamandir Jewellers, Thangamayil Jewellery and D.P. Abhushan, among others.
As of June 30, 2026, Royal Chain had a product portfolio of more than 27,000 designs. Its offerings are marketed under in-house brands including Rico, SAR and Anamitra, a children’s jewellery brand, as well as collections such as Aalishaan Jewels, Orant and Indigo.
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