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Precious Metals Ease On Resurgent U.S. Dollar, Shift In Geopolitical Sentiment

Any Breakthrough In Regional Tensions Could Further Alleviate The “Risk Premium” Currently Baked Into Metal Prices

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Precious metals eased on Wednesday as a resurgent U.S. dollar and a shift in geopolitical sentiment dampened demand for safe-haven assets.

Gold futures on the Multi Commodity Exchange (MCX) for June delivery opened at Rs. 1,54,757 per 10 grams, sliding from a previous close of Rs. 1,54,817. The contract hit an intraday low of Rs. 1,54,404, down 0.26%, as investors weighed the impact of potential peace talks between Washington and Tehran.

The slight retreat in bullion prices is primarily attributed to the Greenback’s recovery. A stronger dollar makes dollar-denominated gold more expensive for holders of other currencies, typically stifling demand.

While silver futures initially bucked the trend by opening higher at Rs. 2,54,343, the white metal succumbed to profit-booking, tumbling to an intraday low of Rs. 2,51,610—a 0.45% decline. In the international market, COMEX gold hovered near $4,837.3 per troy ounce.

With the August gold contract also trading lower at Rs. 1,54,725, market participants are keeping a close watch on U.S. diplomatic efforts. Any breakthrough in regional tensions could further alleviate the “risk premium” currently baked into metal prices.

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National News

Kalyan Jewellers Celebrates ‘Bangaliana’ with Soulful Poila Boishakh Campaign

Celebrating Bengal’s Heritage, The Campaign Blends Nostalgia, Tradition, and Craftsmanship Through Storytelling and Timeless Jewellery

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Kalyan Jewellers, one of India’s most trusted jewellery brands, has unveiled a new digital campaign to mark Poila Boishakh, the Bengali New Year. Featuring actress Ritabhari Chakraborty, the film is a heartfelt ode to Bengal’s cultural identity, bringing together nostalgia, craftsmanship and the enduring legacy of traditions passed down through generations.

At the heart of the film is a tender interaction between Ritabhari and a young boy, centred around the iconic ‘Talpatar Sepai,’ a traditional palm-leaf toy that reflects Bengal’s artistic roots. As the moment unfolds, the toy becomes a subtle symbol of the region’s craftsmanship and cultural memory, drawing a connection between childhood nostalgia and the finesse of handcrafted gold jewellery. The narrative then moves to a poignant moment where an elder presents a gold necklace, capturing the emotional value of jewellery in Bengali households, where each piece is not just worn, but cherished as a symbol of love, tradition and continuity. It reflects how jewellery often carries personal histories, passed down through generations as an enduring link between the past and the present.

Built around the theme “Oitijhyer Choway Notuner Boron” (welcoming the new with a touch of tradition), the campaign reinforces Kalyan Jewellers’ positioning at the intersection of cultural legacy and contemporary relevance. The brand also showcases a curated range of traditional designs inspired by Bengal’s intricate craftsmanship and grand aesthetic sensibilities.

Reinforcing its commitment to trust and transparency, Kalyan Jewellers continues to offer its signature 4-Level Assurance Certificate, ensuring purity certification, lifetime maintenance, transparent product details, and secure buy-back policies. This initiative provides customers with complete confidence during the auspicious gold-buying season.

With this campaign, Kalyan Jewellers invites consumers to celebrate the spirit of Poila Boishakh by embracing jewellery not just as adornment, but as a living expression of heritage and storytelling.

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