National News
Precious Metals Rally As Geopolitical Tensions Ease; MCX Gold Near Rs 1.48 Lakh, Silver Jumps Above Rs 2.35 Lakh
International Spot Prices Also Strengthened: Spot Gold Climbed Above $4,200/oz
Domestic precious metals rose on Monday after reports that the US and Iran agreed on a roadmap toward a final peace deal within 60 days, easing earlier market concerns.
MCX gold reclaimed the Rs 1.48 lakh mark, touching an intraday high of Rs 1,48,498 per 10 grams and trading around Rs 1,48,275 — up Rs 1,072 or 0.73% from the previous close. MCX silver surged more sharply, rising more than Rs 4,525 (1.94%) to trade near Rs 2,37,710 per kilogram, close to the day’s peak of Rs 2,37,952. MCX gold hit an intraday high of Rs 1,48,498; MCX silver approached Rs 2,37,952 per kg..
International spot prices also strengthened: spot gold climbed above $4,200 an ounce while spot silver traded near $65.50, gaining about 1% on the session, market data showed.
The jump followed diplomatic progress between Washington and Tehran that appeared to defuse recent escalations in the Middle East. Markets had been jittery after both sides exchanged threats over the conflict in Lebanon and Tehran’s claim of closing the Strait of Hormuz; nonetheless, millions of barrels of crude continued to transit the waterway over the weekend and Gulf producers readied output increases, according to Trading Economics.
Investors are also awaiting this week’s US Personal Consumption Expenditures (PCE) price index — the Federal Reserve’s preferred inflation gauge. After last week’s policy meeting, the Fed kept rates on hold but signalled a firmer stance: nine of 19 policy makers now expect at least one rate hike this year, and markets are increasingly pricing a possible move as early as September.
National News
PNG Jewellers Celebrates Shravan With The Return Of Its Signature Mangalsutra Mahotsav
From Timeless Gold To Contemporary Diamond Designs, The Annual Festival Offers An Extensive Collection Of Mangalsutras That Blend Tradition With Everyday Elegance
Reinforcing its commitment to celebrating one of India’s most cherished symbols of marriage, PNG Jewellers has announced the return of its much-awaited Mangalsutra Mahotsav, to be held from 13 August to 13 September 2026 across all PNG Jewellers stores in India. The annual festival showcases the brand’s widest-ever collection of mangalsutras, thoughtfully curated to suit the evolving preferences of Indian women while honouring the timeless significance of the ornament.



Over the years, Mangalsutra Mahotsav has become one of PNG Jewellers’ marquee annual initiatives, offering customers an extensive variety of traditional, contemporary and lightweight designs that seamlessly complement both festive occasions and everyday wear. This year’s collection reflects changing consumer preferences, featuring elegant gold mangalsutras, solitaire-inspired diamond styles, minimalist daily wear designs, and statement pieces that celebrate individuality alongside tradition.
Designed for married women of all ages, the festival also caters to husbands and families looking to gift a meaningful piece of jewellery during the auspicious month of Shravan. With an emphasis on affordability without compromising on craftsmanship, the Mahotsav enables customers to discover designs that suit every style, personality and budget.
As part of the festival, customers can avail themselves of Mangalsutra jewellery with making charges starting from just 7.99% for a limited period, valid until 13th September 2026. The exclusive offering brings together timeless design and craftsmanship, making it an ideal occasion to celebrate the enduring symbol of love, tradition and commitment.
Commenting on the occasion, Dr. Saurabh Gadgil, Chairman and Managing Director, PNG Jewellers, said:

“Mangalsutra has always held deep emotional significance, but today’s women are redefining how they wear and celebrate it. At PNG Jewellers, our endeavour has been to preserve its cultural essence while introducing designs that complement contemporary lifestyles. Through Mangalsutra Mahotsav, we continue to offer one of the country’s most extensive collections, ensuring every woman finds a design that reflects her personality, whether rooted in tradition or inspired by modern elegance.This annual festival is our way of celebrating both heritage and self-expression.”
Backed by nearly two centuries of trust and craftsmanship, PNG Jewellers continues to innovate across categories while remaining deeply connected to India’s cultural traditions. Through initiatives such as Mangalsutra Mahotsav, the brand reaffirms its commitment to delivering exceptional design, unmatched variety and meaningful value to customers across its growing retail network.
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