National News
Joyalukkas Inaugurates Grand New Showroom in HSR Layout, Bengaluru
The new showroom was unveiled by MLA M. Sathish Reddy, with key Joyalukkas leaders in attendance.
Joyalukkas, the world’s favorite jeweller, recently launched a state-of-the-art showroom in HSR Layout, Bengaluru. The grand inauguration ceremony was led by M. Sathish Reddy, MLA of Bommanahalli Constituency. The event also saw the presence of Thomas Mathew, Executive Director of Joyalukkas, Henry George, COO, P.D. Jose, GM of Jewellery, Rajesh Krishnan, DGM of Retail, and other prominent dignitaries. The new showroom is expected to enhance Joyalukkas’ presence in the region, offering a wide range of exquisite jewellery collections.
National News
MCX Gold and Silver Decline Ahead Of Key US Economic Data
Investors Are Waiting For Upcoming US Inflation Reports and The Next US Federal Reserve Policy Meeting Before Making Big Moves.
Gold and silver prices slipped on India’s Multi Commodity Exchange (MCX) on Thursday morning. Investors are waiting for upcoming US inflation reports and the next US Federal Reserve policy meeting before making big moves.
MCX Gold (October Futures): Down 0.03% to Rs 1,53,710 per 10 grams. MCX Silver (December Futures): Down 0.39% to Rs 2,43,249 per kg.
Awaiting US Data: Traders are watching US inflation metrics—specifically the producer and consumer price indexes—to guess whether the Fed will change interest rates. Most market analysts expect the Fed to keep interest rates unchanged at its September meeting.
Global Market Split: While Indian prices fell slightly, international gold prices actually edged higher. A weaker US dollar made gold cheaper for buyers using other currencies, giving global prices a small boost despite rising oil prices and bond yields.
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