National News
Palmonas Makes North India Debut with New Store in Delhi’s Omaxe Chowk
The demi-fine jewellery brand brings its affordable, everyday wear collection to the heart of Chandni Chowk, with Bollywood star Shraddha Kapoor leading the charge.
Demi-fine jewellery label Palmonas has launched its first retail store in North India, opening doors at the bustling Omaxe Chowk in Chandni Chowk, New Delhi. The store showcases a wide selection of lightweight, stylish jewellery designed for modern women and features promotional visuals of Bollywood actress and brand co-founder Shraddha Kapoor.
“Palmonas was born out of the idea to offer stylish, long-lasting, and affordable jewellery for modern Indian women,” said Shraddha Kapoor, India Retailing reported. “Each piece is crafted to complement everyday looks while making a statement. I’m so excited to see our first North India store come to life at such a vibrant location like Omaxe Chowk, Chandni Chowk.”
The new outlet offers a curated range of necklaces, rings, bracelets, and earrings tailored to Indian shoppers looking for contemporary, budget-friendly jewellery. With its focus on tarnish-resistant, lightweight designs perfect for everyday use, Palmonas has built a strong global footprint, shipping to over 200 countries.
“Omaxe Chowk, Chandni Chowk, with its blend of heritage and modern infrastructure, is emerging as a launchpad for such brands,” said Omaxe Group’s executive director Jatin Goel. “Palmonas’ entry here is not just a store opening—it represents the growing appetite for curated, experiential retail that resonates with the next generation of shoppers.”
Founded in Pune in 2022 by Pallavi Mohadikar and Amol Patwari, Palmonas later welcomed Shraddha Kapoor as a co-founder. With this Delhi debut, the brand joins an elite line-up of jewellery labels at Omaxe Chowk, including Tanishq, Malabar, CaratLane, Kalyan Jewellers, Senco, and Kisna, as it continues to expand its presence in India’s thriving jewellery market.
National News
Domestic Gold Futures Decline On Weak Spot Demand and A Stronger US Dollar
International bullion remains on track for a positive monthly close.Geopolitical tensions, safe-haven interest, and US interest-rate expectations continue to floor global prices.
Domestic gold futures dipped to Rs. 1,44,022 per 10g under pressure from weak spot demand and a stronger US dollar. In contrast, physical spot gold in Delhi’s retail market edged up by Rs. 300 to reach Rs. 1,48,300 per 10g, bolstered by fresh buying from retailers and jewellers. Meanwhile, domestic silver (inclusive of taxes) held firm and unchanged at Rs. 2,24,700 per kg, reflecting range-bound trading amid mixed market cues.
Domestic Strength vs. Futures Pressure
- Spot Demand Near Highs: Domestic physical gold hovered near record levels, getting a boost from fresh retail purchases and jeweller demand in Delhi.
- Futures Soften: MCX/Domestic futures experienced downward pressure driven by a stronger US dollar and localized spot weakness.
2. Global Bullion Dynamics
- First Monthly Gain in 5 Months: Despite mild profit-taking, international bullion remains on track for a positive monthly close.
- Core Support: Geopolitical tensions, safe-haven interest, and US interest-rate expectations continue to floor global prices.
3. Macro Headwinds: Crude Oil & US Data
- Crude Oil Rebound: Rising Brent and WTI prices revived broader inflation worries, dampening investor risk appetite for gold and capping upside potential.
- Fed Rate Triggers: Markets are sitting tight ahead of crucial US economic indicators, specifically consumer sentiment, inflation expectations, and employment cost data.
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