National News
MCX Gold and Silver Futures Slip On Geopolitical Tensions & Inflation Fears
Traders Are Expected To Remain Cautious, Keeping A Close Eye On Upcoming US Economic Indicators Scheduled For Release Later This Week
Domestic and international precious metals markets experienced downward pressure on Tuesday morning as fresh US military actions in the Middle East reignited global inflation anxieties, overshadowing ongoing diplomatic negotiations.
MCX Silver Futures (July 2026 Delivery): Dropped by Rs. 3,731 (1.3%) to Rs. 2,72,985 per kilogram. MCX Gold Futures (June 2026 Delivery): Slipped by Rs. 547 to Rs. 1,58,534 per 10 grams. Global Spot Gold: Declined 0.7% to $4,537.54 per ounce.
The market reversal follows an announcement by the US Central Command confirming targeted strikes against missile launch positions and mine-deploying vessels in southern Iran. The sudden military escalation immediately disrupted recent optimism surrounding a potential US-Iran peace framework being brokered by Qatari mediators in Doha.
In response to the strikes, crude oil prices surged over 2%. The rebound in oil prices has fueled investor concerns over energy-driven, sticky inflation, reinforcing expectations that global central banks—including the US Federal Reserve—will maintain elevated interest rates for a prolonged period. While bullion is traditionally a hedge against inflation, higher interest rates increase the opportunity cost of holding non-yielding assets, strengthening the US dollar and lowering the appeal of gold.
Traders are expected to remain cautious, keeping a close eye on upcoming US economic indicators scheduled for release later this week, including GDP figures and Personal Consumption Expenditure (PCE) inflation data, for definitive policy directions.
National News
VBJ Set To Host Madurai With An Exclusive Jewellery Showcase
Experience Timeless Craftsmanship Through An Exquisite Selection Of Gold, Diamond, Solitaire and Precious Stone Jewellery
VBJ, Vummidi Bangaru Jewellers, India’s most trusted heirloom jewellery brand, is set to host an exclusive two-day jewellery sale and exhibition in Madurai on 26th and 27th August 2026 at Fortune Pandiyan Hotel, Pandyan Hall, SH 72, Outpost, Ramaond Reserve Line, Madurai. Bringing its signature craftsmanship closer to customers, the exhibition will offer an opportunity to explore an extensive range of jewellery, along with an exclusive offer of Rs. 125 extra on exchange of old gold. The exhibition will remain open from 11 AM to 8 PM on both days.

Visitors can explore a diverse range of jewellery, from elaborate bridal masterpieces and statement necklaces to elegant everyday pieces, including bangles, earrings, rings, chains and gemstones. Bringing together the beauty of traditional artistry and contemporary design, the showcase reflects VBJ’s commitment to creating timeless pieces crafted with exceptional finesse and quality.
Speaking about the exhibition Amarendran Vummidi, Managing Partner, VBJ, said:

“Madurai has a rich appreciation for jewellery, and we are delighted to bring our signature collections closer to customers in the city. As a brand with a legacy spanning generations, our journey has always been rooted in preserving the heritage while evolving with the tastes of today’s customers. This exhibition is an opportunity for us to bring that legacy closer to jewellery enthusiasts in Madurai and celebrate the enduring appreciation for the fine craft that the city represents.”
Adding to this, Jithendra Vummidi, Managing Partner, VBJ, said:
“Craftsmanship has always been at the heart of every VBJ creation, with each piece reflecting our commitment to detail and quality. Through this exhibition, we are bringing together an extensive selection of gold, diamond, solitaire and precious stone jewellery to offer customers a distinctive experience, whether they are looking for a bespoke bridal creation or an elegant piece for everyday wear.”

As a fifth-generation family-run brand, VBJ takes immense pride in its legacy as the creator of the historic Sengol (sceptre) – a sacred symbol of India’s democratic journey. Rediscovered after 72 years through meticulous research by the VBJ team, the Sengol was reinstated beside the Speaker’s chair in India’s new Parliament building, Sansad Bhavan, by Hon’ble Prime Minister Narendra Modi, marking VBJ’s enduring bond with India’s cultural and national heritage.

Further strengthening its regional presence, VBJ is set to open its all-new showroom on Coimbatore’s 100ft Road soon, reaffirming the brand’s long-term commitment to serving customers across Tamil Nadu with personalised experiences and exceptional craftsmanship.
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