National News
MCX Gold and Silver Decline Sticky Inflation Fears
There Was Profit-Booking Following Recent Highs Fueled Speculation Around Central Bank Monetary Tightening.
Gold and silver prices dropped by up to 1% on the MCX as sticky inflation fears, volatile energy prices, and profit-booking following recent highs fueled speculation around central bank monetary tightening.
Inflation & Rate Hike Speculation: Despite July US CPI moderating to 3.4% YoY and PPI remaining flat, inflation remains well above the Fed’s 2% target. Markets are currently pricing in a ~1-in-3 chance of a September rate hike.
Energy & Geopolitical Volatility: Ongoing Middle East conflicts—amplified by US naval blockades of Iranian ports—have pushed oil prices above $87/bbl, creating energy-driven inflation risks.
Mixed Economic Signals: Weak US payrolls (dropping 23,000 in July vs. +80,000 expected) initially supported rate-freeze bets, but upcoming PCE data (due August 26) keeps traders cautious.
Profit-Taking: Technical profit booking emerged after gold breached its 100-day moving average.
National News
This Raksha Bandhan, Turn A Timeless Bond Into A Keepsake With Palmonas
Turning A Timeless Tradition Into A Keepsake Of Sibling Love
Raksha Bandhan has always been about more than a thread tied around a brother’s wrist. It is a celebration of a bond built over years, from childhood arguments and inside jokes to being each other’s constant through life’s biggest moments. As siblings grow older, the relationship may evolve, but the feeling behind it only becomes stronger.
This Raksha Bandhan, Palmonas brings a contemporary touch to the traditional ritual with its Rakhi collection, designed to celebrate the sibling bond in a way that can be cherished beyond the festival. Palmonas’ Rakhis bring this thought to life by transforming a familiar festive symbol into a keepsake that can be worn and treasured even after Raksha Bandhan. The collection features two distinct options, each offering a different take on the timeless ritual.


The Demi-fine® Rakhi is crafted from Stainless Steel with an 18K gold-tone finish, bringing together contemporary design and meaningful symbolism. The collection features the Harmony Mandala Rakhi, accented with 9 cubic zirconia stones, which symbolizes harmony and balance. Inspired by the mandala, its intricate design reflects the togetherness shared between siblings. The Eternal Tree of Life Rakhi draws inspiration from the symbol of the Tree of Life, representing prosperity, growth and strength. The Guiding Star Rakhi, embellished with 10+ cubic zirconia stones, symbolizes guidance, hope, and protection, reflecting the special bond between siblings and the promise of always being there for one another. Each design is finished with a comfortable knotted thread, bringing together thoughtful symbolism and contemporary craftsmanship.


For those looking for something more timeless, the Silver Rakhi collection is crafted from fine silver, offering a refined take on the traditional Rakhi. The Eternal Infinity BRO Fine Silver Rakhi, designed for brothers, features two white cubic zirconia stones and symbolizes the strength and lifelong bond between siblings. The Eternal Evil Eye Fine Silver Rakhi features the iconic Evil Eye motif, a classic symbol of protection and good fortune, thoughtfully designed to celebrate the unbreakable bond between siblings.
At its heart, Raksha Bandhan is about showing up for each other. The gifts may change with time, but the emotion remains the same. With its Rakhi collection, Palmonas celebrates this evolving expression of sibling love, giving a familiar tradition a modern, wearable form that can become a lasting reminder of the bond between brothers and sisters.
Because some bonds deserve more than a moment, they deserve a keepsake.
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