National News
Malabar Gold & Diamonds Awarded Scholarships to 350+ Girl Students in Ghatkopar Reinforcing its vision of Women Empowerment
Malabar Group, India’s leading business conglomerate and the parent company of Malabar Gold & Diamonds, reaffirmed its commitment to empowering young women through education by awarding scholarships worth ₹29,00,000 to over 350 deserving girl students across 30+ schools.
The scholarship distribution ceremony was held at Zaverben Popatlal Sabhagruha Auditorium, Ghatkopar, Mumbai, where financial aid was provided to ensure these students can pursue their academic aspirations without constraints. This initiative reflects Malabar Group’s dedication to fostering education and enabling young women to build a brighter future.
The event was graced by the presence of Shri Sanjay Mukund Kelkar, Member of the Maharashtra Assembly, as the chief guest. His participation underscored the importance of collective efforts in promoting women’s education, further strengthening their role in society and helping them achieve a position of dignity and respect.

Speaking in regards to the initiative, MP Ahammed, Chairman, Malabar Group, said, “Providing Education to young girls is the most effective ways of ensuring positive change as education lays the foundation of a progressive nation, and equipping young women with the means and knowledge for betterment is one of the most impactful ways of ensuring a brighter future. These scholarships are not just supposed to be an economic aid to the students; but they are also investments in the future of our society, ensuring that no young girl has to compromise on reaching the pinnacle of her potential, due to financial misfortune”
Since its establishment in 1999, the Malabar Charitable Trust has been at the forefront of numerous social welfare initiatives. Malabar Group dedicates 5% of its annual profits to CSR activities, focusing on education, healthcare, environmental sustainability, and poverty alleviation.
The Malabar Scholarship program, a flagship initiative under the Group’s CSR framework, continues to bridge educational gaps for marginalized communities. By fostering academic opportunities for young girls, Malabar Group aims to create a ripple effect of progress that extends beyond individuals to families and entire communities.
The group’s overarching narrative to support education and skill development across India is further highlighted by this Scholarship distribution event in Mumbai. Malabar Group’s broader mission to support sustained initiatives has seen the Group remain committed to empowering future generations and fostering an inclusive, educated society for all.
National News
Gold and Silver Prices Display Mixed Trend In Domestic and Global Markets
Market Analysts Attribute The Softening In Domestic Gold Prices To Fresh Selling Pressure Driven By Expectations Of Tighter Monetary Policy.
Gold and silver bullion markets experienced mixed trading patterns today. Domestic futures on the Multi Commodity Exchange (MCX) slid lower across both metals, while international markets on Comex saw gold post modest gains against a dip in silver prices.
Domestic Market Overview (MCX)
- Gold Futures (December Contract): Opened lower at Rs 1,39,408 per 10 grams (down from a previous close of Rs 1,39,452) and further slipped to Rs 1,39,312 per 10 grams during active trading. This remains below the 52-week peak of Rs 1,80,779 per 10 grams reached earlier this year.
- Silver Futures (December Contract): Initially opened higher at Rs 1,79,888 per kg (up from a previous close of Rs 1,79,698), but reversed gains to trade down Rs 1,816 at Rs 1,77,882 per kg. The metal is well off its earlier high of Rs 4,20,048 per kg.
International Market Overview (Comex)
- Comex Gold: Rose to $3,948.60 per ounce (up $8.20 from the previous close of $3,940.40 per ounce), having opened at $3,940.80 per ounce.
- Comex Silver: Softened to $49.29 per ounce (down $0.46 from the previous close of $49.75 per ounce), after opening at $49.82 per ounce.
Technical Analysis & Key Levels
Market analysts attribute the softening in domestic gold prices to fresh selling pressure driven by expectations of tighter monetary policy.
MCX gold saw open interest rise by 0.87% to 16,282 contracts alongside declining prices, signalling the creation of fresh short positions. Key technical support for MCX gold is placed at Rs 1,38,070; a breach below this mark could test secondary support near Rs 1,36,690
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