National News
MCX gold rate falls below Rs.1.61 lakh, silver slips 1% on strong dollar
Rising US Dollar Index and higher US 10‑Year Treasury Yield weigh on bullion as Multi Commodity Exchange gold dips below ₹1.61 lakh and silver declines despite ongoing US–Iran tensions.
Gold and silver prices in India opened lower on Monday, following weakness in international bullion prices as a stronger dollar weighed on the prices of precious metals.
MCX gold rate today for April futures contracts opened 0.6% lower at Rs. 1,60,651 per 10 grams as against its previous close of Rs.1,61,634 level. MCX silver price for May futures contracts opened 0.29% lower at Rs. 2,67,497 per kilogram as against its previous close of Rs. 2,68,285 level. Selling pressure intensified and MCX gold and MCX silver prices were trading over 1%3.1 Dollar Strength

The US Dollar Index (DXY) rose to 99.695, hovering near a three-month high reached the prior week. Since bullion is priced in dollars globally, a stronger greenback makes gold and silver more expensive in local currencies, suppressing international demand and exerting downward pressure on prices.
US 10-year Treasury yields climbed to a near one-month high, elevating the opportunity cost of holding non-yielding assets such as gold. Investors rotating into higher-yielding fixed-income instruments contributed to the sell-off in precious metals.

A sharp rise in crude oil prices has reignited inflation concerns, causing markets to revise downward their expectations for near-term interest rate reductions by the US Federal Reserve. Delayed rate-cut prospects are bearish for gold, which typically benefits from lower real interest rate environments.
The ongoing US-Iran conflict in the Middle East escalated further during the reporting period. Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader, adding an additional layer of geopolitical uncertainty. Paradoxically, while geopolitical risks are traditionally positive for safe-haven assets like gold, the stronger dollar and rate-cut repricing dominated market sentiment, offsetting any safe-haven premium.
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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