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.
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.
National News
This Akshaya Tritiya, Begin A Legacy With Divine Solitaires’ Diamond Coin
A Modern Heirloom For Akshaya Tritiya, Blending Tradition, Rarity, and Enduring Diamond Value
Akshaya Tritiya is not just another festive date; it is a moment of belief, where every purchase is seen as the beginning of something enduring. For generations, it has been associated with purchases that carry forward value, meaning, and intent.
This year, Divine Solitaires reimagines this tradition with its Diamond Coin, a modern heirloom designed for those who seek more than just ritual, but a deeper sense of permanence in what they choose to own.
Crafted to mark new beginnings while holding long-term significance, the Diamond Coin brings together the emotional weight of the occasion with the enduring value of natural diamonds. It is not simply a festive buy, but a conscious purchase, one that is meant to stay, evolve, and be passed on.
The collection is available in three variants:
• 1-gram coin featuring a 0.10 carat diamond
• 2-gram coin featuring a 0.14 carat diamond
• 3-gram coin featuring a 0.18 carat diamond
Each coin features a rare Divine Solitaires diamond, cut in the iconic 8 Hearts 8 Arrows pattern, found in less than 1% of the world’s diamonds. With VVS clarity and EF colour, these diamonds appear icy white and colorless to the naked eye, delivering unmatched brilliance and fire.
Jignesh Mehta, Founder and Managing Director, Divine Solitaires, said,
“Akshaya Tritiya has always stood for an occasion that speaks of value and meaning. With the Diamond Coin, we wanted to move beyond the idea of a transactional purchase and create something that truly holds its worth over time. It brings together rarity, craftsmanship, and trust, making it not just relevant for the moment, but significant for years to come.”
Adding to its versatility, the coin comes with a complimentary enamel-finished jacket, allowing it to be worn as a pendant, transforming it from a symbolic purchase into something that can be experienced every day.
To make this offering more accessible, customers can book their Diamond Coin with an advance of INR 2,000.
Reinforcing its commitment to trust and transparency, every Divine Solitaires diamond is backed by a quality guarantee certificate, validating 123 rigorous quality checks, along with lifetime upgrade and buyback options.
This Akshaya Tritiya, the Divine Solitaires Diamond Coin invites consumers to look beyond tradition, and invest in something that is designed to last, both in value and in meaning.
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