National News
P N Gadgil Jewellers Celebrates Another Milestone, Surpassing ₹10,000 Crore Revenue for 25-26; Gudi Padwa Sales Rise 38% YoY
P N Gadgil Jewellers Limited has surpassed the Rs.10,000 crore revenue milestone in the financial year 2025-26, reflecting strong underlying business momentum.
P N Gadgil Jewellers Limited has surpassed the Rs.10,000 crore revenue milestone in the financial year 2025-26, reflecting strong underlying business momentum.
Further, on the auspicious occasion of Gudi Padwa, the Company recorded festive sales of Rs.170.7 crore, registering a robust year-on-year growth of 38% compared to the corresponding period last year.
The Gold segment remained the primary value driver, with revenues rising by 35% YoY, while the Diamond and Silver segments delivered strong growth of 61% and 118% YoY, respectively.
Dr. Saurabh Gadgil, Chairman and Managing Director, said:
“Surpassing the Rs.10,000 crore revenue milestone marks a defining moment in our journey-one that we have long aspired to achieve. This milestone is a testament to the unwavering trust of our customers and the relentless dedication of our employees, whose collective efforts have made this achievement possible.
Gudi Padwa continues to be a key occasion for us, and this year witnessed strong customer traction across our markets despite elevated gold prices, resulting in revenue of Rs.170.7 crore. This performance reflects the strength of our brand and our consistent execution across categories and regions.
Encouraged by this momentum, we remain optimistic about sustaining this performance. With the ongoing wedding season, continued expansion into new markets, and a sustained focus on offering compelling designs and value, we are well positioned to close the financial year on a strong note.”
National News
Gold Gains Rs 85 On MCX; Silver Jumps Rs 2,033 On Softer US Inflation Data
Gold Recovered After Opening On A Weak Note, While Silver Extended Its Gains. In International Markets, Gold Eased After Opening Firm, Whereas Silver Continued To Trade Higher.
Gold and silver futures traded higher in the domestic market on Monday, supported by softer US inflation data, declining crude oil prices and easing expectations of further interest-rate hikes by the US Federal Reserve.
Gold recovered after opening on a weak note, while silver extended its gains. In international markets, gold eased after opening firm, whereas silver continued to trade higher.
On the Multi Commodity Exchange (MCX), the benchmark October gold contract opened at Rs 1,51,793 per 10 grams, down Rs 27 from its previous close of Rs 1,51,820. The contract later recovered and was trading at Rs 1,51,905 per 10 grams, up Rs 85. During the session, it touched a high of Rs 1,51,947 and a low of Rs 1,51,461.
Silver futures opened higher, with the benchmark September contract starting at Rs 2,31,799 per kg, up Rs 333 from the previous close of Rs 2,31,466. The contract subsequently climbed to Rs 2,33,499 per kg, recording a gain of Rs 2,033. It touched an intraday high of Rs 2,33,618 and a low of Rs 2,31,660.
In the global market, gold was trading near $4,400 per ounce on Comex, while silver was quoted at around $63.70 per ounce.
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