National News
Reia Diamonds secures Rs 2 crore in pre-seed funding
Lab-grown jewellery start-up Reia Diamonds has successfully raised Rs 2 crore in a pre-seed funding round aimed at accelerating product innovation and expanding its retail footprint.
The Bengaluru-based brand, which currently operates three stores in Bengaluru, Guwahati, and Coimbatore, plans to leverage the fresh capital to enhance its design capabilities and strengthen customer engagement across existing and upcoming outlets.
The funding round was led by Dinesh Talera and family, the founders of the iconic Mysore Saree Udyog, in partnership with Venture Catalysts, a prominent early-stage investor network. Reia Diamonds said the investment will support both product development and strategic retail growth, signaling strong investor confidence in the lab-grown diamond segment in India.
With this infusion, Reia Diamonds is positioning itself to tap into the rising demand for sustainable, premium lab-grown jewellery, while expanding its footprint in India’s evolving fine jewellery market.
National News
Gold and Silver Prices Drop Post-Dussehra On Stronger US Dollar
Precious Metals Dip On Strengthening US Dollar, Persistent Global Inflation Concerns, and Shifting Interest Rate Expectations —
Gold and silver prices opened lower on the Multi Commodity Exchange (MCX) on Wednesday following the Dussehra festival, pulled down by a strengthening US dollar, persistent global inflation concerns, and shifting interest rate expectations from the US Federal Reserve.
​Gold futures fell by Rs 223 to trade at Rs 1,46,296 per 10 grams on the MCX, mirroring weak sentiment across overseas bullion markets. Silver experienced a sharper decline, tumbling by Rs 1,373 to trade at Rs 2,10,112 per kilogram.
​Market Summary
​Gold (MCX): Down Rs 223 at Rs 1,46,296 per 10 grams.​Silver (MCX): Down Rs 1,373 at Rs 2,10,112 per kilogram.
​Global Benchmark: Both metals traded weaker across international exchanges as the US dollar gained strength.
​Primary Drivers: A firm US dollar index, sticky global inflation concerns, and hawkish signals surrounding the US Federal Reserve’s rate trajectory continue to exert downward pressure on precious metal valuations post-festive demand.
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