International News
MCX Gold Price Holds Above ₹91K Amid Trump’s Tariff Threats; US Spot Gold Hovers Around $3,125
Gold Prices Continue to Rise as US Dollar Weakens and Geopolitical Tensions Escalate; MCX Gold Hits ₹91,232 per 10g, While US Spot Gold Trades Near $3,125
Gold prices maintained their upward momentum on Wednesday, fueled by a combination of rising geopolitical tensions, concerns over the US economy, and the looming threat of tariffs from US President Donald Trump. These factors drove both domestic and international gold prices higher, as investors flocked to the precious metal as a safe-haven asset. The MCX gold contract for June 2025 opened with a significant gap-up at ₹91,229 per 10 grams, hitting an intraday high of ₹91,232, reflecting strong market reactions to Trump’s tariff threats.
In global markets, spot gold hovered around $3,125 per ounce, while COMEX gold futures stood at $3,155 per troy ounce. As Trump’s tariff announcements draw closer, gold prices found fresh demand near $3,110, with investors seeking a safe store of value amid the uncertainty surrounding global trade policies. The anticipation of tariffs led to renewed interest in gold, reinforcing its status as a hedge against geopolitical and economic risks.
The daily Relative Strength Index (RSI) has now entered the overbought zone, signaling that the current gold rally may need to be approached with caution. While the price surge reflects the broader market uncertainty, the overbought condition suggests the potential for a price correction in the near term. Despite this, gold’s appeal remains strong, particularly with the softening signs of the US labor market and growing expectations of interest rate cuts by the Federal Reserve, which could further support gold’s upward momentum.
However, any short-term reactions to US economic data or Fed actions may be short-lived, with the market’s primary focus on Trump’s upcoming “Liberation Day” and the announcement of new tariffs. The outcome of these geopolitical developments will play a crucial role in determining gold’s trajectory in the coming weeks. As tensions continue to build, gold remains a key asset in navigating the uncertainty surrounding global financial markets, with traders and investors closely monitoring every new development.
International News
Signet The Biggest-Grossing Jeweller In North America By Far In 2025
Luxury Groups, Specialist Watch Retailers, and Branded Jewellery Players Are Steadily Gaining Ground Against Traditional Mass-Market and Department-Store Operators
National Jeweler’s latest State of the Majors report highlights a shifting leaderboard among North America’s “$100M supersellers,” which grew from 36 to 37 qualifying retailers in 2025. While Signet Group comfortably defended its first-place crown—generating $6.36 billion across 2,329 stores—the rest of the top ten saw major disruption. Signet’s total watch and jewelry sales for the year were $6.36 billion according to the report and had 2,329 outlets. Second-placed Richemont, the Swiss luxury conglomerate, sold $3.62 billion, with just 105 locations selling watches and jewlery.
One of the report’s most notable developments was the rise of Richemont to the No. 2 position, overtaking several larger-format retailers. The Swiss luxury conglomerate, owner of prestigious maisons including Cartier and Van Cleef & Arpels, reported $3.62 billion in watch and jewellery sales through only 105 locations. The performance illustrates the outsized revenue-generating power of luxury retail, with Richemont achieving high productivity per store compared with mass-market competitors.
The reshuffling pushed Walmart down to fourth place, signaling a broader shift in consumer spending toward premium and luxury jewellery categories. Meanwhile, warehouse retailer Costco advanced to No. 5, continuing to strengthen its position in fine jewellery through value-led offerings and member-driven purchasing.
Jewellery brand Pandora also climbed one rank to secure the No. 7 spot, reflecting sustained demand for branded jewellery collections and accessible luxury products. In contrast, luxury powerhouse LVMH slipped to No. 6, while longstanding department store chain Macy’s moved down to eighth place, highlighting increased competitive pressures within traditional retail channels.
Another significant change came at the lower end of the top ten, where Watches of Switzerland Group entered the rankings at No. 10, marking growing momentum for specialist luxury watch retail in North America. Its entry displaced Bucherer to No. 11, emphasizing the increasingly competitive nature of premium watch distribution.
The report points to a broader transformation in North America’s jewellery retail hierarchy, where luxury groups, specialist watch retailers, and branded jewellery players are steadily gaining ground against traditional mass-market and department-store operators. While scale remains a decisive advantage—as demonstrated by Signet’s market leadership—the rankings suggest profitability and influence are increasingly being driven by premium positioning, brand equity, and high-value transactions rather than store count alone.
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