National News
MCX Gold and Silver Prices Slide Sharply
The Sell Off Followed The U.S. Federal Open Market Committee’s (FOMC) Unanimous 12-0 Vote To Hike The Federal Funds Rate By 25 Basis Points
Indian gold and silver prices slid sharply on Thursday after the U.S. Federal Reserve raised key interest rates for the first time in three years, boosting the dollar and U.S. Treasury yields to long-term highs.
On the Multi Commodity Exchange (MCX), gold futures dropped more than 1,300 rupees to an intraday low of 150,483 rupees per 10 grams before trimming losses slightly to trade near 151,150 rupees. MCX silver crashed nearly 2,000 rupees, hitting a session low of 230,221 rupees per kg.
The selloff followed the U.S. Federal Open Market Committee’s (FOMC) unanimous 12-0 vote to hike the federal funds rate by 25 basis points to a range of 3.75% to 4.00%. The decision, led by Fed Chair Kevin Warsh, signals a tightening path to rein in sticky inflation.
The hawkish policy outcome pushed the benchmark U.S. 10-year Treasury yield above 5% for the first time since 2023, while sending the U.S. dollar to multi-week highs.
The Indian rupee breached the 96-per-dollar barrier for the first time since July 2026, trading around 96.10. While a weaker domestic currency typically buffers local gold prices against international declines, spot COMEX gold fell 1.5% to test critical support in the $4,300–$4,340 per ounce range, overwhelming local currency offsets.
National News
Mavitrra Launches Ganpati-Inspired Fine Jewellery Collection For Ganesh Chaturthi, Blending Tradition With Contemporary Design
Where Devotion, Symbolism and Modern Craftsmanship Come Together In Jewellery Designed For Festive Celebrations
Mavitrra, the bespoke diamond jewellery brand known for its refined craftsmanship and design-led philosophy, has launched its Ganpati-inspired fine jewellery collection on the occasion of Ganesh Chaturthi, bringing the timeless symbolism of Lord Ganesha into a contemporary fine jewellery language.
Celebrating Lord Ganesha as a symbol of wisdom, prosperity, auspicious beginnings and the removal of obstacles, the collection interprets the deity through sculptural forms, intricate goldwork and precious diamond and gemstone detailing. The edit features statement bangles, earrings and necklaces, designed to complement the festive season while remaining sophisticated and versatile beyond the occasion.
At the heart of the collection are distinctive Ganpati-inspired motifs, ranging from sculptural representations of Ganesha to more abstract interpretations of the deity’s iconic features. One of the standout designs is a statement bangle featuring a sculptural Ganpati face, emerald ears, a ruby tilak and pavé-diamond detailing, bringing together traditional symbolism and contemporary jewellery design.



Another design explores the form of the Ganpati trunk and lotus through an abstract interpretation, while a more minimal Ganpati profile is framed within a diamond halo, offering a refined expression of devotion for those who prefer understated jewellery.
The collection further explores the architectural and artistic language associated with Indian temples. Woven gold bands, pavé edges, ruby and emerald accents, and contemporary openwork inspired by temple arches add depth and dimension to the designs. The pieces are created to feel celebratory without being overly traditional, allowing the symbolism of Ganpati to become an elegant part of a modern jewellery wardrobe.
The collection’s bangles, earrings and necklaces are designed across different levels of expression from statement pieces created for festive occasions to more subtle silhouettes that can be styled with contemporary and traditional ensembles alike. Diamonds provide the signature brilliance of the collection, while emeralds and rubies introduce rich colour and a distinctly festive character.
Speaking about the collection, Bindu Sharma, Founder & Creative Director, Mavitrra, said:

“Ganesh Chaturthi is deeply rooted in the ideas of new beginnings, prosperity and seeking blessings for the journey ahead. We wanted to translate these emotions into jewellery in a way that feels relevant to the modern wearer. Instead of simply recreating traditional Ganpati motifs, we explored the deity through sculptural forms and contemporary silhouettes . She further added, Every element, from the emerald and ruby accents to the diamond detailing and architectural forms, has been designed to retain the spiritual significance of Ganesha while giving it a distinctive Mavitrra identity.”
With the collection, Mavitrra continues its approach of bringing together spiritual inspiration, individuality and contemporary luxury. The Ganesh Chaturthi edit is designed not only as festive jewellery, but as a celebration of faith, craftsmanship and the auspicious beginnings that Lord Ganesha represents.
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National News1 hour agoMavitrra Launches Ganpati-Inspired Fine Jewellery Collection For Ganesh Chaturthi, Blending Tradition With Contemporary Design
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