National News
MCX Gold Drops, MCX Silver Rises; International Gold Prices Steady
Precious Metals Traded In A Tight, Volatile Range On Strengthening U.S. Dollar and Escalating Geopolitical Friction
Precious metals traded in a tight, volatile range Tuesday as a strengthening U.S. dollar and escalating geopolitical friction disrupted bullion’s traditional role as a safe-haven asset.
On the Multi Commodity Exchange (MCX), gold for June delivery ticked up slightly to Rs. 159,499 per 10 grams, while July silver futures gained marginally to reach Rs. 266,350 per kilogram. In global markets, spot gold held steady at $4,481.53 an ounce, while spot silver advanced 0.5% to $75.21 an ounce.
The immediate outlook for precious metals is being squeezed by two competing macroeconomic forces:
- The Safe-Haven Paradox: Despite the ongoing U.S.–Iran conflict, investors are increasingly bypassing gold in favor of the U.S. dollar and risk assets, betting that persistent geopolitical tensions and rising crude prices will force central banks to keep interest rates “higher for longer.”
- Geopolitical Whiplash:Â Markets are reacting to highly fluid developments in the Middle East. While Iran threatened to suspend indirect talks with Washington and block the critical Strait of Hormuz following fresh military strikes, President Donald Trump dismissed reports of a diplomatic breakdown, asserting that negotiations are progressing rapidly.
By the end of 2026, gold still has potential to hit $5,500 should favourable circumstances arise, notably lower oil prices and a depreciation of the dollar, underpinned by continued robust central bank buying and its role as a geopolitical and inflation hedge.
National News
Abaran Timeless Jewellery Champions Heritage Conservation To Safeguard Traditional Craftsmanship
Support For Hastashilpa Heritage Village Reflects A Commitment To Preserving India’s Architectural and Artisanal Legacy For Future Generations.
As India’s historic buildings continue to face mounting pressure from urbanisation, redevelopment, and changing lifestyles, concerns are growing not only about the loss of architectural landmarks but also the disappearance of the traditional skills and craftsmanship that created them. Recognising this challenge, Abaran Timeless Jewellery has extended its support to Hastashilpa Heritage Village, reinforcing the importance of preserving cultural heritage and artisanal knowledge.
Through the Abaran Foundation, the philanthropic arm of the Bengaluru-based jewellery house, the company supports a range of initiatives spanning education, healthcare, community welfare, arts, and heritage conservation. Its association with Hastashilpa Heritage Village reflects a deeper commitment to protecting India’s rich cultural legacy beyond the jewellery industry.




Located in Manipal, Hastashilpa Heritage Village is regarded as one of India’s most significant heritage conservation projects. Founded by conservationist Vijaynath Shenoy, the village has successfully rescued and reconstructed traditional homes from across coastal Karnataka, preserving architectural styles and craftsmanship that may otherwise have been lost to neglect or redevelopment.
The conservation process shares many similarities with the art of jewellery making. Every carved beam, decorative element, and handcrafted detail requires meticulous documentation, restoration, and respect for traditional techniques. Much like restoring an heirloom jewel, preserving heritage architecture demands both technical expertise and cultural sensitivity.
For Pratap Kamath, Managing Director of Abaran Timeless Jewellery, the initiative holds personal significance. He noted that the heritage village is located in Udupi, where Abaran was originally founded by his grandfather, Sri Sadanand Kamath. According to Pratap Kamath, the company was inspired by the efforts to preserve heritage homes that might otherwise have vanished as younger generations moved away in search of new opportunities.
His observations reflect a wider concern within the luxury and craft sectors. Whether restoring a centuries-old structure or creating a handcrafted jewel, both disciplines depend on knowledge and expertise that cannot be easily replicated through mass production. Once lost, such skills are extremely difficult to recover.
At the same time, consumers are increasingly drawn to brands that demonstrate authenticity, cultural relevance, and a commitment to preserving heritage. As a result, heritage conservation is evolving from a philanthropic activity into an important reflection of a brand’s values and identity.




Initiatives such as Hastashilpa Heritage Village serve as an important reminder that heritage extends beyond products—it also includes the ecosystems of craft, culture, knowledge, and tradition that make those creations possible.
As India’s architectural treasures and jewellery traditions navigate similar challenges, efforts to preserve one may ultimately help protect the other, ensuring that valuable skills and cultural legacies continue to inspire future generations.
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