National News
Madonna Sebastian Becomes Brand Ambassador for Kevabox, Inaugurates New Store in Kochi
Actress and singer celebrates womanhood as she unveils the latest Kevabox store in Forum Kochi, Kerala
In a stunning collaboration, actress and singer Madonna Sebastian has been named the brand ambassador for Kevabox, the modern jewelry brand that is taking the Indian jewelry market by storm. Sebastian inaugurated the new Kevabox store at Forum Kochi, Kerala, in February 2025, marking an exciting chapter for both the actress and the brand.
Sebastian, who is well-known for her versatile roles in South Indian cinema and her captivating musical talents, joins hands with Kevabox, a sub-brand of City Gold and Diamonds. Kevabox has quickly earned its place as India’s fifth largest lightweight jewelry brand, known for its exquisite designs and innovative approach.
The brand’s popular “For the Women” collection, which was celebrated during the store opening, beautifully honors the essence of womanhood. With pieces designed for women and their loved ones, Kevabox has established itself as a go-to choice for those seeking timeless yet modern jewelry.
Kevabox, which also offers online shopping for its customers, currently has stores in Calicut, Kochi, Bangalore, and Mangalore. Customers can easily get in touch with the brand for further details and to explore their extensive collection.
As the brand ambassador, Madonna Sebastian will play a key role in promoting the elegance, strength, and beauty that Kevabox jewelry represents.
National News
Gold, Silver Prices Edge Lower On MCX On Prospect Of Prolonged High Interest Rates From The U.S. Fed
MCX Gold August Futures Traded Near ₹1.59 Lakh Per 10 Grams, While Silver Futures Hovered Around ₹2.64 Lakh Per Kilogram
Gold and silver prices edged lower on the Multi Commodity Exchange (MCX) Wednesday, as the prospect of prolonged high interest rates from the U.S. Federal Reserve countered safe-haven demand stoked by escalating geopolitical tensions in West Asia.
MCX Gold August futures traded near Rs. 1.59 lakh per 10 grams, while silver futures hovered around Rs. 2.64 lakh per kilogram. In physical markets, 24-carat gold quoted at roughly Rs. 1.56 lakh per 10 grams.
The bullion market is currently caught in a sharp macroeconomic crosscurrent:
- The Bearish Drag: U.S. job openings unexpectedly surged in April, signaling economic resilience. This stronger data reinforced expectations that the Federal Reserve will maintain its “higher-for-longer” interest-rate stance, dulling the appeal of non-yielding assets like gold.
- The Geopolitical Floor: Crises in West Asia—specifically involving Israel, Iran, and U.S. forces near the critical Strait of Hormuz shipping lane—continue to support safe-haven buying. This tension, paired with Brent crude oil hovering near $96 per barrel, has stoked fresh global inflation fears.
Historically, high inflation acts as a tailwind for gold. However, analysts note that the current environment is unique: the threat of crude-driven inflation is being interpreted by the market as a reason for the Fed to defer rate cuts, ultimately capping gold’s upside.
MCX gold has pulled back nearly 4% over the past two weeks, pressured by a strengthening U.S. dollar, However, the August contract continues to hold crucial technical support above Rs. 1.57 lakh per 10 grams.
Silver has shown greater relative resilience, trading firmly within a broad range of Rs. 2.61 lakh to Rs. 2.77 lakh per kilogram, keeping the gold-to-silver ratio near the 59–60 mark.
The Bottom Line: Bullion is likely to remain tightly range-bound in the immediate term. Traders are looking ahead to a cluster of major U.S. macroeconomic indicators this week—including the ADP employment report, ISM Services PMI, and Friday’s pivotal non-farm payrolls data—to provide the next decisive directional cue.
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