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P N Gadgil & Sons Expands to Thane, Bringing Its Legacy of Trust and Excellence to the City

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P N Gadgil and Sons (PNGS), one of India’s most legendary jewellery brands, has inaugurated its latest showroom in Thane. Located at Shrushti Prime, Gokhale Road, the grand opening marks a new milestone in PNGS’s 193-year legacy, fulfilling the long-standing demand of customers in the region.

For decades, customers from Thane have expressed their desire for a PNGS showroom closer to home, drawn by the brand’s continued commitment to transparency, ethical business practices, and unmatched service. With this expansion, PNGS strengthens its promise of delivering exquisite jewellery and a seamless shopping experience to its patrons.

The launch event witnessed an overwhelming response from jewellery enthusiasts, who explored a wide collection of gold, diamond, and silver designs. Blending timeless tradition with contemporary elegance, the showroom showcases superior craftsmanship and trendsetting pieces that reflect PNGS’s dedication to excellence.

PNGS had announced special inaugural offers to celebrate the grand opening, available until March 9, 2025. These exclusive offers provide a golden opportunity for jewellery enthusiasts to bring home exquisite pieces at special prices.

With nearly two centuries of heritage, PNGS continues to uphold its reputation as a trusted name in jewellery. The new showroom in Thane will offer certified purity, a grand collection of innovative designs, and personalized customer service to enhance the shopping experience.

Speaking about this, Aditya Modak, COO and CFO of PNGS, said, “P N Gadgil & Sons has always been more than a jewellery brandit is a legacy of trust, built over generations. Our customers in Thane have been a part of this journey, and it is truly gratifying to bring our heritage of purity and excellence closer to them. We invite everyone to visit our showroom and experience the tradition of fine craftsmanship and impeccable service that defines PNGS.”

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National News

Gold Rebounds in India After Five-Day Slide; Dollar Strength Keeps Pressure Intact

Despite the rebound in retail prices, futures trading remained largely muted.

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Gold prices in India posted their first significant rebound in six sessions on Saturday, recovering after a sharp five-day decline that had rattled the domestic bullion market.

The price of 24-karat gold rose by Rs. 2,510 per 10 grams to Rs.163,640 on March 7, according to market data. The recovery comes after bullion prices fell steeply earlier in the week, with gold dropping nearly Rs.11,000 per 10 grams—or about Rs.110,000 per 100 grams—between March 2 and March 6.

Despite the rebound in retail prices, futures trading remained largely muted. On the Multi Commodity Exchange of India, gold futures closed Friday’s evening session almost unchanged at around Rs. 161,675 per 10 grams.

Global cues continue to shape the domestic trend. Spot gold climbed above $5,120 an ounce, lending support to local prices after several sessions of losses.

However, bullion markets remain under pressure from macroeconomic factors. A stronger U.S. dollar and rising U.S. Treasury yields—fueled in part by a rally in crude oil prices and renewed inflation concerns—have dampened investor appetite for precious metals in recent days.

Silver prices have also faced similar headwinds, reflecting broader movements in global commodity and currency markets.

Analysts say the near-term outlook for bullion will largely depend on the trajectory of the dollar and bond yields, which continue to dictate flows into safe-haven assets such as gold.

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