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Shringar House of Mangalsutra Secures IAGES Accreditation, reinforcing its leadership in ethical gold standards

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Shringar House of Mangalsutra Limited (SHOML), one of India’s most trusted names in mangalsutra craftsmanship, has received the IAGES accreditation from the Indian Association for Gold Excellence and Standards on November 27, 2025. The brand has spent decades to bring quality and heritage together through a modern approach that focuses on process. Building on its strong foundation, the company has emerged as a leader in ethically responsible jewellery production and ethical sourcing. By consistently upholding these principles, Shringar strengthens its strategic market position, reinforces its leadership in responsible jewellery manufacturing and contributes to shaping higher industry-wide standards.

As part of the certification process, they underwent a comprehensive third-party evaluation encompassing all key areas of operations, including sourcing practices, manufacturing processes, purity checks, documentation systems, and traceability protocols. Shringar’s strong focus on ethical sourcing, quality-control practices, and technology-backed process discipline played a major role in securing this recognition.

This recognition further strengthens the company’s reputation among its B2B partners, including retailers, wholesalers, and distributors, because it provides assurance of transparency, accountability, and consistency in product quality. It also creates opportunities for new markets and future collaborations to help support their ongoing expansion plans and its focus on growth through value.

Beyond operational validation, the recognition also highlights the company’s continued commitment to the industry’s growing focus on structured standards and ethical frameworks and is proud to be a leader in this initiative. 

On receiving the recognition, Chetan Thadeshwar, Chairman & Managing Director, Shringar House of Mangalsutra, said: “This recognition marks a meaningful step forward for all of us. It reflects our commitment to preserving traditional values while delivering exceptional quality worldwide. From concept to completion, we uphold precision and consistency in every process. This honour inspires us to push boundaries further and continue offering jewellery that symbolizes purity, trust and timeless craftsmanship.”

Additionally, he also added, “Guided by our vision to lead the market through integrity, transparency, and continuous innovation we see this achievement as a shared triumph, and we extend our deepest gratitude to our partners, stakeholders and employees whose trust empowers us to keep raising the bar.”

Welcoming Shringar into the accredited community, the Indian Association for Gold Excellence and Standards noted its contributions toward advancing industry standards. Kaushlendra Sinha, CEO, IAGES said,“We are happy to see Shringar House of Mangalsutra joining the IAGES family as an accredited manufacturer. The high level of quality craftsmanship, ethical business practices, and dedication towards the betterment of the industry that Shringar has shown meets the same requirements that we demand at IAGES.

The accreditation does not represent just compliance but represents the desire for all parties involved in the gold sector across India to work together towards increasing trust and transparency in the sector. We are excited to have Shringar continuing to lead the way in increasing standards within the industry.”

India’s gold industry is evolving rapidly, with today’s informed consumers expecting greater transparency from jewellery brands. They want assurance of responsible sourcing, ethical manufacturing, and verified quality standards. In this context, IAGES has accredited Shringar House of Mangalsutras as a certified manufacturer, reaffirming the brand’s commitment to trust, integrity, and accountable practices across the jewellery value chain.

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Silver  sees Rs 10,000 single day surge  on supply crunch, US rate cut hopes, weaker $

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Silver prices experienced a dramatic single-day surge of RS10,000 on Monday, reaching Rs1.74 lakh per kg. This rally is part of a larger trend that has seen silver prices double in the last 12 months (outperforming gold’s 60% gain).

The price acceleration is primarily attributed to a persistent global supply deficit, increased investment demand, and macroeconomic factors like a weaker US Dollar and rising expectations of interest rate cuts by the US Federal Reserve. Experts predict the supply shortage will continue, providing significant headroom for further price appreciation into 2026.

The spike to Rs1.74 lakh per kg 1.64 lakh per kg  was driven by four interconnected factors:

  • Supply Squeeze: The most critical driver is the ongoing global silver supply shortage. The total silver production stands at approximately 26,000 tonnes, while the deficit this year is estimated between 6,000 and 7,500 tonnes, one of the largest in recent decades. Global demand has been consistently outstripping supply since 2020, as most silver is mined as a by-product of other metals (gold, lead, zinc), limiting its independent supply growth.
  • US Rate Cut Expectations: Rising anticipation that the US Federal Reserve will cut interest rates, likely due to a projected economic slowdown continuing into 2026, is attracting investors back to non-yielding assets like silver and gold.
  • Softer US Dollar: A globally weaker US Dollar makes dollar-denominated commodities, including silver, cheaper for holders of other currencies, thus boosting demand.
  • Rupee Weakness: The recent weakness of the Indian Rupee against the US Dollar further contributes to the higher price of imported silver in the domestic market.

Investment demand for silver reached a projected 1,751 tonnes in calendar year 2025, reflecting a sharp 350-tonne increase from 2024 levels, as reported by Metals Focus. This surge stemmed from persistent market deficits—marking the seventh consecutive year—with cumulative shortfalls nearing 25,000 tonnes since 2021, fueled by structural supply constraints and accelerating industrial needs. Retail and institutional interest, particularly in Asia and North America, drove inflows into silver-backed ETPs, coins, and bars, amplifying the demand spike amid economic uncertainty.

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