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
Kangana Ranaut Unveils PNG Jewellers New Showroom In Ayodhya~
The Store Is PNG Jewellers’ 81st Overall and Its Fifth In UP following Lucknow, Kanpur, Gorakhpur and Varanasi.
Member of Parliament and Indian film actor Kangana Ranaut inaugurated PNG Jewellers new store in Ayodhya. The store is PNG Jewellers’ 81st overall and its fifth in UP following Lucknow, Kanpur, Gorakhpur and Varanasi. Located next to Rikabganj Women Police Station, the new store gives Ayodhya customers access to PNG Jewellers’ products, collections, and quality service closer to home.
Dr. Saurabh Gadgil, CMD- PNG Jewellers, said:

“Opening a store in Ayodhya is a special moment for us. We have received an encouraging response from customers across Uttar Pradesh, and we are pleased to bring PNG Jewellers closer to people in and around Ayodhya. We look forward to being part of their weddings, festivals and family celebrations, while offering the legacy, trust and craftsmanship that our brand has stood for over generations.”
Kangana Ranaut added:
“Ayodhya holds a special place in the hearts of so many people, and I am delighted to be here for the opening of PNG Jewellers’ new store. Jewellery is closely woven into how we celebrate our traditions, weddings and important moments with family. I wish the PNG team every success in Ayodhya.’’

The occasion also marks the debut of Ram Katha, an exclusive collection inspired by the Ramayana and the historical, cultural and spiritual heritage of Ayodhya. Launched by Kangana Ranaut, the collection is being introduced in its initial phase across PNG stores in North India

The store also showcases a range of gold, diamond, temple and bridal jewellery for weddings, festive occasions and everyday wear. Customers can explore PNG Jewellers’ collections, including Saptam, Katha, Pratha, Eiina and Polmi, with designs crafted for local tastes.

Ayodhya, revered as the birthplace of Lord Shree Ram, draws people from across the country for its temples, festivals and deeply rooted traditions. Jewellery is closely tied to weddings, festivals and family celebrations in the city. The new store allows PNG Jewellers to serve local customers more conveniently while continuing its expansion in Uttar Pradesh. To celebrate the opening, the brand introduced limited-period inaugural offers of up to 50% off on gold jewellery making charges and up to 100% off on diamond jewellery making charges*, valid till 15th November, 2026.
Adding to the excitement of the festive season, PNG Jewellers brings together its brand ambassadors Madhuri Dixit-Nene and Ranbir Kapoor for the first time in a special festive television commercial. The campaign marks a significant moment, bringing together two of Bollywood’s most iconic stars in a celebration of tradition, elegance and contemporary appeal. This much-awaited collaboration also reflects PNG Jewellers’ vision of connecting its nearly two-century-old legacy with a new generation of consumers.
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