National News
MCX Gold, Silver Futures See Sharp Drop Mirroring Action In Global Spot markets
U.S. Economic Strength Drives Fed Rate Expectations, Sparking Global Selloff
Precious metals plunged in Indian markets early Wednesday, tracking a global selloff as resilient U.S. economic data fueled expectations that the Federal Reserve will raise interest rates later this year.On the Multi Commodity Exchange (MCX), gold futures tumbled as much as 1% to an intraday low of 141,115 rupees per 10 grams, a drop of 1,416 rupees. Silver suffered even steeper losses, crashing by 5,662 rupees to hit a session low of 222,901 rupees per kilogram.
The sharp decline mirrored action in global spot markets, where gold continued to trade below the $4,000-an-ounce threshold, lingering at an eight-month low. Spot silver slid nearly 2% to trade near a seven-month low of $57.60 per ounce.
The primary catalyst for the selloff was a string of robust economic indicators out of the U.S., which underscored the economy’s underlying strength and complicated the inflation outlook.
- Labor Market Tightness: The latest Job Openings and Labor Turnover Survey (JOLTS) showed vacancies climbing to a two-year high. Wall Street analysts are forecasting another solid expansion in non-farm payrolls for June.
- Sticky Inflation: Recent core inflation readings have remained stubbornly above the Federal Reserve’s 2% target, according to data from Trading Economics.
Higher interest rates typically damp the appeal of non-yielding assets like gold and silver, as investors opt for higher-yielding U.S. Treasury bonds and a strengthening dollar. Markets are currently pricing in at least one Fed rate hike this year, with the first potentially arriving as early as September.
Beyond macroeconomic data, investors are closely monitoring geopolitical developments in the Middle East. Ongoing U.S.-Iran peace talks in Qatar have raised cautious optimism for a lasting ceasefire agreement, reducing the safe-haven premium that has historically supported precious metals. The two sides, however, are not expected to engage in direct negotiations.
National News
Senco Gold & Diamonds Expands Its Footprint, Opens Its 89th Franchisee Showroom In Purnia, Bihar- Taking The Total Showroom Count To 9 In Bihar
The Launch Of Senco Gold & Diamonds’ 89th Franchise Showroom In Purnia Strengthens Its Bihar Footprint, Bringing An Expansive Jewellery Collection, Exclusive Inaugural Offers, and An Elevated Retail Experience To The Region.
Senco Gold & Diamonds, one of India’s leading jewellery retailers, boasts a legacy of more than 88 years and is the largest jewellery retail player in Eastern India based on the number of showrooms, with a network of over 201 outlets across the country.

The brand has been ranked the Most Trusted Jewellery Brand for the consecutive year by TRA and was also recognized among the Most Desired Jewellery Brands in 2024 by TRA, outperforming many of its industry peers.
Further strengthening its presence in Eastern India, Senco Gold & Diamonds has inaugurated its 89th franchise showroom in Purnia, Bihar, taking its total showroom count in the state to 9.
Strategically situated on NH-31 at Ford Company Chowk, Navratan Hatta, beside HDFC Bank and opposite Royal Utsav Vivah Bhawan, Purnea (PO: HPO, PS: Thana Khat, PIN: 854301, Bihar), the new state-of-the-art showroom boasts a sprawling area of over 3,900 sq. ft. Designed with a luxurious ambiance, it provides customers with an unparalleled and immersive shopping experience.
Commenting on the grand unveiling of the new showroom, Suvankar Sen, (MD & CEO of Senco Gold & Diamonds) said:

“We are delighted to announce the grand opening of our newest showroom in Purnia, Bihar. This marks another significant milestone in our expansion journey as we continue to strengthen our presence across the region. We are proud to bring our extensive collection of exquisitely crafted jewellery, created by the skilled karigars of Bengal, closer to our valued customers in Purnia. We look forward to offering them an exceptional jewellery shopping experience built on trust, quality, and craftsmanship.”
Rajesh Ranjan and Rupesh Ranjan (Franchise Owners of the Senco Gold & Diamonds Purnia showroom in Bihar) said:
“We are delighted to join the Senco Gold & Diamonds family as franchise partners and become part of a brand renowned for its legacy of trust, craftsmanship, and excellence in the jewellery industry. This partnership marks an exciting new chapter for us, enabling us to bring Senco Gold & Diamond’s exquisite jewellery and uncompromising quality to our local community. We look forward to contributing to the brand’s continued growth while delivering exceptional products and outstanding customer service to our customers.”
To celebrate the grand opening of the Purnia showroom, Senco Gold & Diamonds has introduced an exciting range of inaugural offers. Customers can avail of up to 30% off on making charges for gold jewellery purchases, along with 0% deduction on gold exchange, making it the perfect opportunity to own their favourite jewellery at exceptional value.
In addition, customers can enjoy up to 12% off on the value of diamond jewellery and up to 100% off on making charges on diamond jewellery purchases. The showroom offers jewellery starting at just Rs 6,000, catering to a wide range of budgets and preferences.
To further enhance its collection, Senco Gold & Diamonds has recently introduced over 36,400 new gold jewellery designs and 27,000 new diamond jewellery designs. This extensive addition ensures a vibrant and contemporary design portfolio, offering customers an unmatched variety of styles and choices.
-
National News2 hours agoChennai Named India’s Top City For Jewellry Influence In City Style Quotient 2026
-
National News11 minutes agoSenco Gold & Diamonds Expands Its Footprint, Opens Its 89th Franchisee Showroom In Purnia, Bihar- Taking The Total Showroom Count To 9 In Bihar
-
ShowBuzz40 minutes agoCoimbatore Retailers’ Connect Boosts Momentum For IIJS Bharat Premiere 2026
-
BrandBuzz2 hours agoMMTC-PAMP Introduces The Limited-Edition 50g Lord Buddha Silver Bar Crafted In 999.9+

