National News
MCX Gold and Silver Prices Rise On Positive Global Cues
International Bullion Mirrored The Domestic Strength, This Rally Was Primarily Bolstered By A Softening US Dollar and Cooling Bond Yields.
Domestic bullion futures gained strong upward momentum on Tuesday morning, driven by robust physical demand ahead of the Indian festive season and favorable global economic indicators. On the Multi Commodity Exchange (MCX), gold October contracts climbed 0.42% to Rs 1,53,461 per 10 grams, while MCX silver December contracts rose 0.67% to Rs 2,40,615 per kilogram. In physical spot markets, 24K gold edged up to Rs 1,53,280 per 10 grams (+0.24%), while spot silver reached Rs 2,39,247 per kilogram (+0.08%).
International bullion mirrored the domestic strength, with US gold futures for December delivery gaining 0.40% to $4,485.84 per troy ounce. This rally was primarily bolstered by a softening US dollar and cooling bond yields. The dollar index dropped 0.50% to touch 98.72, while the 10-year US Treasury yield pulled back to 4.77% from 4.79% in the prior session, making dollar-denominated assets more appealing to investors.
Market participants are also actively positioning ahead of the US Federal Reserve’s upcoming policy meeting on September 15–16. According to the CME FedWatch Tool, markets are currently pricing in a 60% probability of an interest rate hike. Investors are closely awaiting two key inflation prints—the US Producer Price Index (PPI) due on Thursday and the Consumer Price Index (CPI) on Friday—to gauge the Fed’s next strategic move.
Adding a strong safe-haven bid to the precious metals complex is the ongoing US-Iran geopolitical friction. Risks of regional escalation heightened following reports that Iran threatened the United States with “economic warfare” and claimed to have targeted US warships with an advanced missile, driving capital into traditional hedge assets.
National News
Indriya, Aditya Birla Jewellery Unveiled India’s Largest Sustainable Jewellery Rangavalli
The Installation Transformed An Iconic Jewellery Design, From Indriya’s Festive Collection Padmika, Into A Magnificent Rangavalli, A Grand Celebration For Vijayadashami.
Indriya, Aditya Birla Jewellery, on unveiled India’s Largest Sustainable Jewellery Rangavalli, crafted from grains, at Orion Mall and Shri Sathya Ganapathi Shirdi Saibaba Temple on in Bengaluru, as a tribute to our rich cultural heritage and enduring festive traditions. Spanning 400 sq. ft. at Orion Mall and 1,600 sq. ft. at the temple, the large-scale Rangavalli installations, inspired by an iconic jewellery design from Indriya’s latest festive collection, Padmika, transform the intricate artistry of fine jewellery into magnificent expressions of a cherished cultural tradition steeped in devotion, craftsmanship and community spirit.

Padmika crafted in 22KT gold celebrated the revival of Gulabi Meenakari, a rare pink enamel craft, and the necklace featured an intricate nakshi floral detailing alongside the auspicious motif of Goddess Lakshmi seated on a lotus, symbolising prosperity, abundance and new beginnings. Reimagined as a magnificent Rangavalli using eco-friendly materials including rice, millets and seeds, the installation translated the intricate artistry of the necklace into a large-scale tribute to our cultural heritage. Bringing together thousands of individual elements, the artwork reflected the precision, patience and craftsmanship shared by both jewellery-making and Rangavalli creation. Created using grains, millets and seeds, the installation celebrated the enduring beauty of traditional art forms while offering visitors a distinctive and immersive festive experience.


Rooted in cultural authenticity, the initiative drew on the expertise of the renowned Rangoli artist Shikha Sharma popularly known as the “3D Rangoli Queen” and creator of record-breaking Rangoli artworks. By translating the detailing of an iconic temple jewellery design into Rangavalli, Indriya celebrated two art forms that shared a deep appreciation for intricate patterns, craftsmanship and the coming together of individual elements which created something extraordinary.
Sustainability was integral to the initiative and it extended the purpose of the installation beyond the festive celebration. Following Vijayadashami, the rice, millets and seeds used in the artwork were responsibly repurposed through feeding drives for birds and animals in partnership with Akhil Karnataka Prani Daya Sangh Gaushala.
Speaking about the initiative, Shantiswarup Panda, Head of Marketing & Visual Merchandising at Indriya, said:

“At Indriya, our endeavour is to celebrate India’s rich cultural heritage through meaningful and contemporary expressions. The Jewellery Rangavalli is an extension of that vision, reimagining an iconic Padmika design through a beloved festive tradition that resonates deeply with our audiences. As a brand inspired by culture and craftsmanship, we wanted to create an experience that not only showcases the artistry behind our jewellery but also invites consumers to engage with it in a memorable and immersive way. Through this initiative, we celebrate heritage, craftsmanship and the spirit of togetherness that lies at the heart of Vijayadashami.”
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