National News
RBI buys half a tonne of gold in June 2025, gold holdings increase to 879.8 tonnes
RBI’s June gold purchase boosts reserves as gold’s share in forex holdings climbs to 12.1%, reflecting over 80% value growth in five years.
After a relatively conservative spell of gold buying, the Reserve Bank of India (RBI) stacked up almost half a tonne of gold in the last week of June. In India’s foreign exchange reserves, gold has shown the most substantial growth in recent years, with its value increasing by more than 80% over five years. The proportion of gold in India’s foreign exchange reserves rose to 12.1% as of July 18, 2025, compared to 8.9% on July 19, 2024.
RBI gold holdings increased to 879.8 tonnes as of June 27, showing a rise from 879.6 tonnes recorded the week before. The addition represents a purchase of 4 quintals during this period.
One of the main reasons for this renewed interest in gold is its role as a hedge against inflation. In times of economic uncertainty, gold is considered a safe and reliable asset. Central banks around the world have taken note of this. According to data from the World Gold Council central banks have purchased over 1,000 tonnes of gold annually for the past three years—an unusually high figure compared to previous trends.
While safety and liquidity constitute the twin objectives of reserve management in India, return optimisation is kept in view within this framework states the central bank’s latest report on foreign exchange reserves.
National News
Cosmos Diamonds Makes History With World’s First LGD Jewellery Launched Into Space
The Launch Also Reinforces India’s Emergence As A Global Innovation Hub Where Startups From Diverse Sectors Are Forging Unconventional Partnerships.
In a landmark moment where luxury, science and space exploration converged, Sanjana Tripuramallu, founder of Bengaluru-based Cosmos Diamonds, has achieved a global first by collaborating with private space company Skyroot Aerospace to send Cosmos Bloom, the world’s first lab-grown diamond (LGD) jewellery creation into space aboard the Vikram-1 rocket.



The Cosmos Bloom Diamond is handcrafted in 18 kt gold using 32 pear-cut LGDs arranged in the form of a blooming lotus and mounted on a specially engineered aluminium base plate. It is designed to withstand the extreme conditions of launch and spaceflight. The space-bound jewel is valued at Rs 11 lakh and combines Indian craftsmanship, technology, and innovation.

Sanjana Tripuramallu, Founder- Cosmos Diamonds
The launch also reinforces India’s emergence as a global innovation hub where startups from diverse sectors are forging unconventional partnerships. While Skyroot Aerospace showcased the country’s private launch capabilities through Vikram-1, Cosmos Diamonds used the mission to tell a powerful story of Indian design and scientific ambition on an international stage. With the successful launch of the world’s first lab-grown diamond jewel into orbit, Sanjana Tripuramallu and Cosmos Diamonds have etched their names into both jewellery and space history, demonstrating that the future of luxury may well extend beyond Earth itself.
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