loader image
Connect with us

National News

MCX Gold Surges Past Rs 1.50 Lakh, Rally Builds On Optimism Over Potential Middle East Truce Talks

Rally Signals A Cautious But Firm Upward Trend In Global Markets.

Published

on

1,905 Views

On April 1, 2026, India’s Multi-Commodity Exchange (MCX) witnessed a notable uptick in gold futures, with prices climbing 1.02% to Rs.1,52,298 per 10 grams for 24-carat purity, surpassing the Rs.1.50 lakh threshold. Silver followed suit, edging up 0.35% to Rs.2,41,736 per kilogram for 999 purity. Internationally, spot gold advanced 0.58% to $4,674 per ounce, while silver dipped marginally by 0.17% to $74.79 per ounce. These movements reflect a market gripped by caution, as investors parse the interplay of escalating crude oil prices, a resilient U.S. dollar, and constrained energy supplies—counterbalanced by tentative signals of de-escalation in West Asia from U.S. and Iranian diplomatic channels.

This gold rally builds on Tuesday’s gains, fueled by optimism over potential Middle East truce talks. Yet, the broader narrative reveals underlying pressures: bullion has plummeted over 13% this month alone, charting its sharpest monthly decline since October 2008. A fortified dollar has eroded affordability for non-U.S. currency holders, while surging energy costs have eroded prospects for U.S. Federal Reserve rate cuts in 2026, dampening safe-haven demand. The dollar’s slight easing offers some relief, rendering dollar-denominated commodities more accessible globally. Quarterly, gold remains modestly ahead by about 5%, underscoring its resilience as a hedge despite short-term headwinds.

For stakeholders in India’s gems and jewellery sector—particularly MSMEs reliant on precious metals imports—these dynamics demand a vigilant strategy. A stronger rupee against the dollar could mitigate input costs, but persistent West Asian volatility risks supply chain disruptions and inflated hedging expenses.

Domestic fabricators and exporters should monitor Iran-U.S. negotiations closely, as de-escalation could stabilize crude benchmarks and revive rate-cut hopes, potentially lifting silver’s industrial demand in electronics and solar applications. Forward contracts on MCX and diversified portfolios blending physical bullion with digital gold alternatives emerge as prudent tactics. As energy transitions reshape global trade, precious metals’ dual role as both barometer and bulwark positions them centrally in the evolving jewellery market landscape.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

National News

Malabar Gold & Diamonds Opens New Showroom In KR Puram, Bengaluru by cine actress Srinidhi Shetty

Published

on

1,899 Views

Malabar Gold & Diamonds today opened its new showroom in KR Puram, Bengaluru, by actress Srinidhi Shetty further strengthening its presence in one of the country’s most established urban jewellery markets. With this launch, the brand’s network has expanded to 24 showrooms in Bengaluru and 46 showrooms across the Karnataka & Goa region.

The showroom was inaugurated on Saturday, 4:30 PM, by cine actress Srinidhi Shetty, in the presence of Filsor Babu, Regional Head – Karnataka, of senior leadership from Malabar Gold & Diamonds, guests, and members of the local community.

The KR Puram showroom has been designed to offer a structured and comfortable retail environment, with a layout that supports easy navigation, clear product display, and personalised customer assistance. Developed in line with Malabar Gold & Diamonds’ global retail standards, the showroom brings together an extensive range of jewellery across gold, diamonds, platinum, and precious gemstones, addressing both traditional and contemporary preferences. Additionally, Malabar Gold & Diamonds is offering customers special exclusive offers. These include up to 40% off on making charges of all  gold, uncut, and gemstone jewellery, up to 30% off on diamond value, this offer valid till 31st March, 2026, Free silver coin with Akshaya Tritiya booking at 10% onwards, 0% deduction on old gold exchange, sell your old gold to get maximum cash value & assured same-day payment (*T&C Apply)

The showroom showcases a comprehensive assortment spanning bridal jewellery, occasion-led collections, festive wear, everyday designs, and contemporary styles. Signature collections across diamonds, uncut diamonds, gemstones, handcrafted gold, and polki jewellery are available, reflecting a balance between craftsmanship, design detailing, and evolving customer preferences.

Commenting on the launch, M. P. Ahammad, Chairman, Malabar Group, said:

“Bengaluru is a market where jewellery buying spans both everyday use and occasion-led purchases, with a clear focus on design, quality, and ease of experience. KR Puram has seen steady residential growth, and this showroom allows us to serve that demand with wider collections and a retail environment that is structured, accessible, and consistent.”

Customers visiting the showroom will benefit from Malabar Gold & Diamonds’ customer-first practices, including transparent pricing, detailed product disclosure, HUID-compliant gold, certified diamonds, and the One India One Gold Rate policy, ensuring uniform gold pricing across the country.

With this launch, Malabar Gold & Diamonds continues to deepen its presence across Bengaluru’s expanding neighbourhoods, aligning its retail format to local buying behaviour while maintaining consistent standards of quality, transparency, and service.

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x