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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

This Akshaya Tritiya, Begin A Legacy With Divine Solitaires’ Diamond Coin

A Modern Heirloom For Akshaya Tritiya, Blending Tradition, Rarity, and Enduring Diamond Value

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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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