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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 Gold Declines, Silver Crashes By Rs. 6,000/kg

The Sharp Sell-Off Comes On The Heels Of A Hawkish Stance By The US Federal Reserve, Fueling Expectations Of Prolonged High Interest Rates.

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Indian bullion markets witnessed a massive correction today as gold and silver prices tumbled under heavy global pressure. Domestic 24K gold rates slipped toward the Rs. 1.47 lakh per 10 grams mark on the Multi Commodity Exchange (MCX), while silver suffered a brutal meltdown, crashing by nearly Rs. 6,000 per kilogram.

The sharp sell-off comes on the heels of a hawkish stance by the US Federal Reserve, fueling expectations of prolonged high interest rates. A surging US Dollar Index coupled with geopolitical anxieties—including a lingering US-Iran blockade and persistent global inflation fears—dragged international spot gold down to $4,151.89 per ounce, triggering a ripple effect across Indian retail hubs.

MCX Gold (10g): Rs. 1,47,175 (Down 1.4% intraday)

  • Silver Crash: Shed a staggering ~Rs. 6,000 per kg in a single session.
  • Primary Triggers: Persistent hawkish Fed commentary, a robust US dollar, and profit booking at higher levels
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