National News
Malabar Gold & Diamonds Launches New Showroom in Panvel
Malabar Gold & Diamonds, the responsible jeweller proudly announces its latest showroom in MCCH society, Panvel, Navi Mumbai. Spanning an expansive 3146 sq. ft., the new store is designed to offer customers a world-class shopping experience with an exquisite collection of jewellery across diverse designs and styles. This launch marks another step in the brand’s commitment to expanding its footprint in Western India while delivering exceptional craftsmanship and service.
The showroom marks the brand’s 43rd outlet in the Western region of India, further strengthening its presence and leadership in the region. The new showroom inauguration ceremony was graced by the presence of Shri Ramsheth Thakur, Former Member of the Lok Sabha, alongside members of the management team, valued customers, and well-wishers.
With a global footprint of over 390 plus showrooms across 13 countries—including India, the Middle East, the USA, the UK, Canada, and Australia—Malabar Gold & Diamonds is renowned for its wide-ranging collections, exceptional quality, and customer-centric approach. Strengthening its presence further, the brand is set to expand with 12 new showrooms opening across India in March, reinforcing its commitment to making premium jewellery more accessible. Backed by a dedicated team of 22,000 multilingual employees across 26 countries, the brand has served over 15 million satisfied customers worldwide.
The new showroom offers an extensive collection of gold, diamond, platinum, gemstone and silver jewellery, designed to suit various tastes and occasions. From traditional designs that reflect India’s cultural heritage to contemporary styles for modern sensibilities, the showroom caters to diverse preferences.

In a statement marking the momentous occasion, MP Ahammed, Chairman of Malabar Group, stated, “We are excited to open our showroom in Panvel, a city known for its strategic location, rapid urban development, and rich cultural heritage. At Malabar Gold & Diamonds, we are dedicated to offering jewellery that combines timeless elegance with exceptional craftsmanship. With a strong focus on quality, integrity, and customer satisfaction, we look forward to bringing our finest collections to Panvel and providing an unforgettable shopping experience to the vibrant community here.”
The showroom is designed to provide a flawless shopping experience to the customers, with elegant displays and a highly trained team to guide customers in selecting their perfect jewellery. The space aims to provide customers with an unparalleled jewellery shopping experience, complete with spacious interiors and ample parking.
This showroom launch underscores Malabar Gold & Diamonds’ vision of becoming the world’s most preferred jeweller, combining traditional craftsmanship with modern innovation to create timeless pieces while prioritising sustainability and societal well-being.
National News
MCX Gold, Silver Rise On US-Iran Diplomatic Breakthrough
Spot Gold and Silver Markets Have Displayed Notable Volatility. Investors Remain Cautious, Awaiting Concrete Evidence That The Proposed Peace Deal Will Hold
The domestic commodities market experienced a sharp divergence on June 12, 2026, as precious metals rallied while energy markets retraced. Driven by optimism surrounding potential diplomatic breakthroughs, MCX gold rebounded by nearly 1%, successfully reclaiming the crucial Rs. 1.50 lakh per 10-gram threshold. Silver displayed even stronger momentum, outperforming gold with a jump of over 1.3% to trade around the Rs. 2.43 lakh per kg mark. In stark contrast to the surging metals, global crude oil prices fell by approximately 2% as easing geopolitical tensions cooled supply fears, dragging Brent crude below $89 per barrel and West Texas Intermediate (WTI) under the $87 mark.
The sudden market optimism is being attributed to three primary factors:
- Diplomatic Hopes: US President Donald Trump signaled that a peace agreement with Iran could be finalized as early as this weekend. While Iranian officials have maintained that nothing is officially finalized, the potential for a ceasefire has significantly eased geopolitical risk premiums.
- Inflation and Economic Policy: The European Central Bank (ECB) initiated its first-interest rate hike since 2023, accompanied by upward revisions to inflation forecasts for 2026 and 2027. This, combined with US producer price data showing a 6.5% year-on-year increase in May, has kept investors focused on the balance between inflationary pressure and central bank responses.
- Market Volatility: Despite the sharp gains on the Multi Commodity Exchange (MCX), spot gold and silver markets have displayed notable volatility. Investors remain cautious, awaiting concrete evidence that the proposed peace deal will hold, which will ultimately dictate the trajectory for precious metals in the coming sessions.
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