National News

MCX Gold, Silver Rise On US-Iran Diplomatic Breakthrough

Spot Gold and Silver Markets Have Displayed Notable Volatility. Investors Remain Cautious, Awaiting Concrete Evidence That The Proposed Peace Deal Will Hold

Published

5 months ago

June 12, 2026

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The domestic commodities market experienced a sharp divergence on June 12, 2026, as precious metals rallied while energy markets retraced. Driven by optimism surrounding potential diplomatic breakthroughs, MCX gold rebounded by nearly 1%, successfully reclaiming the crucial Rs. 1.50 lakh per 10-gram threshold. Silver displayed even stronger momentum, outperforming gold with a jump of over 1.3% to trade around the Rs. 2.43 lakh per kg mark. In stark contrast to the surging metals, global crude oil prices fell by approximately 2% as easing geopolitical tensions cooled supply fears, dragging Brent crude below $89 per barrel and West Texas Intermediate (WTI) under the $87 mark.

The sudden market optimism is being attributed to three primary factors:

Diplomatic Hopes: US President Donald Trump signaled that a peace agreement with Iran could be finalized as early as this weekend. While Iranian officials have maintained that nothing is officially finalized, the potential for a ceasefire has significantly eased geopolitical risk premiums.

Inflation and Economic Policy: The European Central Bank (ECB) initiated its first-interest rate hike since 2023, accompanied by upward revisions to inflation forecasts for 2026 and 2027. This, combined with US producer price data showing a 6.5% year-on-year increase in May, has kept investors focused on the balance between inflationary pressure and central bank responses.

Market Volatility: Despite the sharp gains on the Multi Commodity Exchange (MCX), spot gold and silver markets have displayed notable volatility. Investors remain cautious, awaiting concrete evidence that the proposed peace deal will hold, which will ultimately dictate the trajectory for precious metals in the coming sessions.

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National News

Senco Gold & Diamonds Brings Festive Cheer With “Dhanteras Shagun”, Offering Exclusive Savings and Rewards

The Festive Offer Features Up To ₹14,000 Off Per 10 Grams On Gold Jewellery, Up To 36% Off On Diamond Value, and Lucky Draw Prizes Including Gold Worth ₹1.20 Crore and An iPhone 18 Pro.

Published

18 hours ago

October 26, 2026

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As Dhanteras approaches, Senco Gold & Diamonds has announced “Dhanteras Shagun”, a special festive offer celebrating the tradition of buying gold and jewellery during this auspicious time of the year. The offer will be available across Senco Gold & Diamonds showrooms from 26 October to 8 November 2026.

Dhanteras holds special significance in Indian households, with gold purchases traditionally associated with prosperity, good fortune and new beginnings. Through this campaign, Senco Gold & Diamonds aims to make festive jewellery shopping more rewarding while offering customers an opportunity to explore its diverse collections.

As part of the offer, customers can avail up to Rs 14,000 off per 10 grams on gold jewellery and up to 36% off on natural diamond value. The offer also includes 0% deduction on old gold exchange. Customers can participate in a lucky draw featuring prizes including gold worth ₹1.20 crore and an iPhone 18 Pro. An assured gift is available on every purchase, while SBI Credit Card holders can avail an instant discount of up to ₹7,500, subject to applicable terms and conditions.

Commenting on the occasion, Suvankar Sen, CEO and Managing Director of Senco Gold Limited, said:

“Dhanteras is deeply rooted in our cultural traditions and represents prosperity, optimism and new beginnings. Gold has always held a special place in these celebrations, bringing families together across generations. With Dhanteras Shagun, we hope to make this festive occasion even more meaningful for our customers. At Senco, we believe jewellery is not just an adornment but also a part of the memories, traditions and milestones that families cherish over the years.”

Joita Sen, Director & Head of Marketing and Design, Senco Gold & Diamonds, added:

“Dhanteras is an auspicious occasion that celebrates prosperity, new beginnings and the joy of bringing home something precious. At Senco Gold & Diamonds, we aim to make every festive purchase meaningful by bringing together exquisite designs, timeless craftsmanship and attractive offers. With our special Dhanteras offers, we make this festive purchase even more rewarding, giving customers more reasons to celebrate with jewellery they will cherish for years to come.”

Senco Gold & Diamonds offers an extensive and diverse jewellery portfolio this festive season. From gold coins, a popular choice during Dhanteras, to exquisite gold and natural diamond jewellery, Senco’s expansive offerings ensure there is something for every festive celebration, gifting occasion and milestone.

Customers can visit their nearest Senco Gold & Diamonds showroom from 26 October to 8 November 2026 to avail the Dhanteras Shagun offer. Terms and conditions apply.