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Malabar Gold & Diamonds Awarded Scholarships to 350+ Girl Students in Ghatkopar Reinforcing its vision of Women Empowerment

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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.

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National News

Bullion Prices Climb Sharply on West Asia Conflict Escalation

Volatility Stays High Pending Macro Cues

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Bullion prices climbed sharply today- April 6, 2026 as West Asia conflict escalation overshadowed U.S.-Iran diplomatic signals, bolstering the dollar and capping gains even as safe-haven demand surged.

  • Gold (MCX futures, 10g): +1.10% to Rs.1,51,200 (prev. close: Rs. 1,49,544)*Silver (MCX futures, 1kg): +1.15% to Rs.2,43,800 (prev. close: Rs.2,40,900)

The rally accelerated after President Trump’s comments dimmed de-escalation hopes, with crude steadying above $85/barrel. Short covering fueled the bounce, but Strait of Hormuz risks linger. Gold support at Rs. 1.49 lakh; resistance at Rs. 1.53 lakh. Volatility stays high pending macro cues.Domestic spot gold hit Rs. 1,50,800/10g; silver Rs. 2,42,000/kg. Importers eye import duty hikes amid rupee pressure.

Augmont Bullion (Apr. 6) noted that gold dropped 2.5 percent below $4,680 and Silver fell by 3.8 percent last week, while the US dollar closed above the 100-level following stronger-than-expected jobs data, reviving expectations of the Fed keeping rates higher for longer. 

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