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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.

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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.

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National News

MCX Precious Metals Face Notable Selling Pressure

Precious Metals Extended Losses As A Stronger U.S. Dollar and Rising Fed Rate-Hike Expectations Weighed On Investor Sentiment.

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The selloff mirrored a broader rout in international markets. On India’s Multi Commodity Exchange (MCX), precious metals faced notable selling pressure during early morning trading on Thursday, June 25.

MCX Market Snapshot

CommodityContractPriceChangeSpot Price
MCX Gold FuturesAugustRs P1,40,749 per 10 gm-0.37%Rs 1,41,814 per 10 gm (+0.22%)
MCX Silver FuturesJulyRs 2,10,801 per kg-1.07%Rs 2,14,200 per kg

The selloff mirrored a broader rout in international markets, where gold touched levels not seen in over half a year.

Gold prices retreated on Thursday morning, pressured by a resurgent U.S. dollar as investors increasingly priced in aggressive Federal Reserve monetary tightening. The downward momentum has pushed safe-haven bullion toward multi-month lows across major global exchanges.

International Gold Market

IndicatorPriceMovement
U.S. Spot Gold$3,985.89/ozDown 0.4%
U.S. Gold Futures (August)$3,979.27/ozLower amid macro pressures

U.S. Spot Gold fell 0.4% to $3,985.89 per ounce in early trading. This followed a bruising Wednesday session where the metal carved out a fresh seven-month low, marking its weakest performance since November 2025.

U.S. Gold Futures for August delivery similarly buckled under macro pressures, dropping to $3,979.27 per ounce.

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