National News
MCX Gold Futures Slip On Surging U.S. Dollar and Escalating Global Inflation Fears
The Downward Pressure Stems From A Potent Mix Of Geopolitics and Monetary Policy
MCX Gold futures slipped in domestic trading Friday morning as a surging U.S. dollar and escalating global inflation fears dampened appetite for the precious metal, setting bullion up for its second consecutive weekly loss. MCX gold futures for June delivery fell 0.25% to Rs. 1,59,202 per 10 grams in early deals. Silver futures for July delivery also felt the pressure, dropping 0.43% to Rs. 2,73,690 per kilogram.
The downward pressure stems from a potent mix of geopolitics and monetary policy. The two-month-old conflict between the U.S. and Iran has sent crude oil prices soaring—Brent crude jumped another 2% Friday following reports that Iran’s supreme leader rejected exporting the country’s uranium stockpile.
While geopolitical friction typically drives investors to safe-haven assets like gold, this energy spike has instead stoked fears of a persistent inflation flare-up. Investors are increasingly betting that central banks, including the U.S. Federal Reserve and the Reserve Bank of India, will respond with interest rate hikes later this year to cool the economy. According to CME Group’s FedWatch tool, traders are now pricing in a 60% chance of a Fed rate hike by December.
Because gold yields no interest, its appeal diminishes when yields and interest rates rise.
Compounding the pressure, the U.S. dollar hovered near a six-week high on Friday. A stronger greenback makes dollar-denominated commodities more expensive for international buyers, capping gold’s recovery attempts. The market is also closely watching Washington, where Kevin Warsh is scheduled to be sworn in as the new Federal Reserve Chairman today.
Despite the immediate pullback, some analysts view the decline as a temporary consolidation after a massive broader rally.
National News
Limelight Lab Grown Diamonds Launches Powermark At IMA Hyderabad’s 87th Foundation Day Celebrations
Powermark Is Envisioned As A Symbol Of Professional Identity and Pride, With The collection Comprising Specially Designed Diamond Brooches Dedicated To Professions That Carry Immense Responsibility and Social Impact
Limelight Lab Grown Diamonds, India’s largest lab grown diamond jewellery brand, unveiled Powermark, its exclusive collection of diamond brooches created to celebrate the pride, dedication and achievements of professionals including Doctors, Chartered Accountants and Lawyers, at the 87th Foundation Day Celebrations of the Indian Medical Association (IMA), Hyderabad City Branch.
The launch, held at Temple View Hall, Hotel Abode, Lakdikapul, Hyderabad, brought together distinguished members of the medical fraternity and senior IMA leadership, including Padma Shri Dr. P. Hanumantha Rao, renowned Developmental Pediatrician, Rehabilitation Pediatrician and Rehabilitation Psychologist, who attended as the Guest of Honour, and Dr. Anil Kumar J. Nayak, National President, IMA HQS, who attended as the Chief Guest, along with several senior IMA office bearers and other eminent dignitaries.
Powermark is envisioned as a symbol of professional identity and pride, with the collection comprising specially designed diamond brooches dedicated to professions that carry immense responsibility and social impact. The collection celebrates the journey behind professional titles and the commitment, perseverance and expertise that define them.
Speaking on the occasion, Pooja Madhavan, Founder & Managing Director, Limelight Lab Grown Diamonds, said:

“Powermark is our way of recognising the people behind the professions we deeply respect. A professional title represents years of discipline, learning, sacrifice and service, and we wanted to create something that allows individuals to wear that pride. Launching Powermark at the IMA Hyderabad City Branch’s Foundation Day is particularly meaningful as we begin this journey by celebrating the medical fraternity and the immense contribution doctors make to society.”
Dr. Sai Ram Chinthamadaka, Hon. Secretary & Ex-President, IMA said:
“Powermark is a beautiful tribute to the medical fraternity. It acknowledges the years of discipline, sacrifice and service that go behind earning the title of a doctor. It was truly special to witness Powermark being launched at IMA Hyderabad’s 87th Foundation Day. Limelight has created something truly meaningful in the form of a diamond-studded brooch that represents our journey, achievements and identity, while also ensuring instant recognition of the profession we proudly belong to. I haven’t seen anything quite like this before.”

The launch also reinforces Limelight’s focus on creating contemporary jewellery that goes beyond adornment to carry meaning, identity and personal stories. With lab grown diamonds at its core, Powermark brings together the symbolism of professional achievement with modern diamond jewellery design.
The 87th Foundation Day programme included the IMA prayer, flag salutation, addresses by senior IMA leaders, the release of the IMA Hyderabad City Branch news bulletin and other commemorative activities, culminating in the Powermark launch ceremony.
-
National News2 hours agoLimelight Lab Grown Diamonds Launches Powermark At IMA Hyderabad’s 87th Foundation Day Celebrations
-
BrandBuzz6 hours agoIrasva Fine Jewellery- This Raksha Bandhan, Gift Her A Little Something That Lasts Forever
-
DiamondBuzz2 hours agoAlrosa Reports $130mn H1 Loss Amid Diamond Market Headwinds
-
National News3 hours agoGold, Silver Retreat On MCX As Rising Yields and Oil Prices Prompt Profit-Taking

