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NATIONAL Gold, Silver Decline In India On Oil Price Rebound

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Gold and silver retreated today, March 24, pressured by a rebound in oil and a firmer dollar, as investors unwound safe-haven positions following tentative signs of easing geopolitical risk.

Futures for bullion slid in early trade, with COMEX gold for June dropping about 1% to an intraday low near $4,362 an ounce, while silver fell more than 2.5% to roughly $66.95. In India, prices tracked the global weakness, extending the previous session’s sharp volatility on the MCX.

The move coincided with a rebound in WTI crude oil, which jumped over 4% to around $91.67 a barrel, and a modest uptick in the US Dollar Index, hovering near the 99 mark. Higher oil prices tend to stoke inflation expectations, bolstering yields and the dollar—both headwinds for non-yielding assets like gold.

The pressure follows a whipsaw session when precious metals briefly rebounded after comments from Donald Trump signaled a pause in potential U.S. military action in the Middle East. That hint of de-escalation reduced immediate demand for haven assets.

Analysts say the recent selloff reflects a mix of macro forces: rising bond yields, dollar strength, and liquidity-driven unwinding after a crowded bullish trade. Domestic futures had plunged as much as 10% for gold and 12% for silver in the prior session before partially recovering.

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National News

Heer by GIVA Launches First Offline Store with ‘Alfaaz-e-Heer’ Poetry Night

An evening of shayari, stories, and celebration featuring Priya Malik

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Heer by GIVA, GIVA’s gold and lab-grown diamond jewellery brand, celebrated the launch of its first offline store with ‘Alfaaz-e-Heer’, an evening of poetry, stories, and celebration that brought together creators, fashion enthusiasts, and members of the growing Heer community.

The launch event featured a special Shayari Night with Priya Malik, whose evocative verses set the tone for an evening rooted in expression, individuality, and storytelling, values that lie at the heart of the Heer brand. The celebration also included a lively Trivia Night and launch party, creating an engaging and immersive experience for guests as they explored Heer’s jewellery collections.

Designed as more than a traditional store opening, ‘Alfaaz-e-Heer’ reflected the brand’s philosophy that jewellery is not just an adornment but a form of personal expression. Through poetry, conversations, and community moments, the evening celebrated the many voices and stories that define Heer’s identity.

The new store offers customers the opportunity to experience Heer by GIVA’s gold and lab-grown diamond jewellery collections in a thoughtfully designed retail environment that brings the brand’s contemporary and expressive spirit to life.

On the debut of the store, Resha Jain, Chief Brand Officer at GIVA, said: “Heer has always been about celebrating individuality and the many voices of modern India. With the launch of our first offline store, we wanted to create an experience that reflects the soul of the brand, expressive, personal, and rooted in culture. Alfaaz-e-Heer was our way of bringing that spirit alive, where poetry, community, and jewellery come together to celebrate self-expression.”

The opening of Heer by GIVA’s first offline store marks an important milestone in the brand’s journey as it continues to expand its presence and deepen engagement with its growing community. While the brand has built strong resonance with customers through its digital-first approach, the move into physical retail enables Heer to create more immersive brand experiences and stronger community connections.

As the demand for contemporary fine jewellery continues to grow, Heer by GIVA aims to strengthen its presence through curated retail spaces that bring customers closer to the brand’s design philosophy and storytelling.

The store spans over 815 sq. ft. of retail space, along with an additional 230 sq. ft. dedicated to back-office operations, creating a seamless experience for both customers and the in-store team.

With ‘Alfaaz-e-Heer’, the brand not only celebrated a new retail chapter but also reaffirmed its vision of creating a community where jewellery becomes a language of identity, expression, and modern storytelling.

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