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MCX Gold, Silver Retreat On Stronger Dollar & Middle East Escalation

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Bullion prices on the MCX retreated on Friday morning as traders locked in profits following a dollar rebound and rising US-Iran military tensions—even as softer US PCE inflation data reduced fears of aggressive Fed rate hikes.

After jumping over 1% in the previous session on a steady Fed rate decision, precious metals gave up ground during early Friday trading:

  • MCX Gold (August Futures): Down 0.50% to Rs 1,42,547 per 10g (approx. 9:10 AM)
  • MCX Silver (September Futures): Down 0.40% to Rs 2,19,117 per kg

US Dollar Index: Gained 0.40%, increasing the foreign-currency cost of holding bullion.

  • US 10-Year Treasury Yields: Moderated to 4.65% (down from 4.71%), though yields remain elevated over 5% on the month.
  • Escalating Hostilities: Jordan’s air defense intercepted five Iranian missiles following US military strikes on Iranian targets. The widening conflict is drawing in neighboring nations, maintaining floor support under energy markets (Brent crude near $88/bbl).
  • Federal Reserve Split: While rates remained unchanged on July 29, three dissenting committee members favored a 25 bps hike, highlighting ongoing concerns over sticky multi-year inflation.
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Every Day, A New Story: Mia By Tanishq Reimagines Billboard Advertising With Its ‘Precious, Every Day’ Calendar

The Brand Brings A Billboard That Turns A New Page Every Night To Bengaluru and Mumbai, Offering A Reminder That You Don’t Need To Wait For An Occasion To Wear Something Precious

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What if a billboard had a new story to tell every single day? Mia by Tanishq, one of India’s leading contemporary fine jewellery brands, has transformed a billboard into a giant calendar that flips to a new page every night, each one pairing a new Mia piece with a line that finds something precious in that day of the week. The installation is on a 30-day run at the Domlur flyover gantry heading into Indiranagar in Bengaluru, following a week-long run on Mumbai’s Western Express Highway. At its heart is a simple insight: women often celebrate the people and milestones around them but hold back when it comes to celebrating themselves. Mia’s answer: you can be the occasion.

Last year, Mia’s calendar-themed billboard showcased a different jewellery piece in each date square. This edition takes the idea further. Each night, one of 30 calendar pages is physically turned to reveal a fresh line and a new Mia piece, while the Mia logo and ‘Precious, Every Day’ stay fixed. Commuters who pass the same stretch every morning find something new waiting for them.

The campaign reflects how jewellery has become an expression of mood and self-appreciation, not something kept only for gifting or festivities. A Monday page pairs Mia’s Blue Rhythm gold stud earrings, set with blue sapphires, with the line “The only Monday blues worth having,” turning the most dreaded day of the week into a playful one. Wednesday highlights personal victories with “Midweek? Stack your rings like your wins,” while Saturday encourages women to embrace the present with “Step out in the necklace you’ve been saving for ‘some’ day.” Each line starts with how a day already feels, from the Monday slump to the midweek push, and turns it into a reason to wear something precious.

Commenting on the campaign, Ajay Maurya, Head of Marketing and Category, Mia by Tanishq, said:

“More and more women are choosing jewellery for themselves, without waiting for a reason. These are not new behaviours we are trying to create, but everyday realities we are reflecting. A woman may simply feel good about herself and choose a piece of jewellery to mark it. With the ‘Precious, Every Day’ calendar, we wanted to bring that thought to the place where everyday life happens, the daily commute. A page that changes overnight gives people a small reason to look up, and a reminder that there is something precious in every day.”

With the ‘Precious, Every Day’ calendar, Mia by Tanishq turns a familiar outdoor format into a story told one page at a time, reminding women that the most precious moments are often the ones they choose for themselves. The activation was executed in partnership with Platinum Outdoor and Madison World.

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