National News
Silver Prices Drop 17% from Record High as Supply Eases, Profit-Taking Weighs on Market
Silver prices have plunged nearly 17% from their recent record peak, with the metal losing about Rs.31,000 per kg in just ten days to trade at Rs.1.47 lakh per kg on Friday. The sharp correction comes amid improved supply in London’s bullion market — the global hub for precious metals — and profit-booking by investors after months of momentum-driven gains.

In the international market, spot silver slipped to $48.5 per troy ounce, down from $54.47 a week earlier. Market participants attributed the decline to large inflows of silver from the US and China into London, easing a shortage that had earlier propelled prices to an all-time high of Rs.1.78 lakh/kg in India on October 14.
Despite the short-term correction, analysts maintain that the long-term outlook for silver remains robust, supported by surging industrial demand from the solar energy, electric vehicle, 5G, and AI hardware sectors — all crucial components of the global green transition.
According to Vikram Dhawan, Head of Commodities at Nippon India Mutual Fund, the correction is part of a normalisation phase after an extended rally.

“Short-term traders are readjusting positions, but strategic investors — including central banks and long-term ETF participants — are likely to view this dip as a healthy consolidation,” Vikram Dhawan said.
While improved supply and investor caution have triggered a short-term fall, experts believe that structural demand and limited mining output will continue to lend support to prices over the medium to long term.
National News
Indriya, Aditya Birla Jewellery Unveiled India’s Largest Sustainable Jewellery Rangavalli
The Installation Transformed An Iconic Jewellery Design, From Indriya’s Festive Collection Padmika, Into A Magnificent Rangavalli, A Grand Celebration For Vijayadashami.
Indriya, Aditya Birla Jewellery, on unveiled India’s Largest Sustainable Jewellery Rangavalli, crafted from grains, at Orion Mall and Shri Sathya Ganapathi Shirdi Saibaba Temple on in Bengaluru, as a tribute to our rich cultural heritage and enduring festive traditions. Spanning 400 sq. ft. at Orion Mall and 1,600 sq. ft. at the temple, the large-scale Rangavalli installations, inspired by an iconic jewellery design from Indriya’s latest festive collection, Padmika, transform the intricate artistry of fine jewellery into magnificent expressions of a cherished cultural tradition steeped in devotion, craftsmanship and community spirit.

Padmika crafted in 22KT gold celebrated the revival of Gulabi Meenakari, a rare pink enamel craft, and the necklace featured an intricate nakshi floral detailing alongside the auspicious motif of Goddess Lakshmi seated on a lotus, symbolising prosperity, abundance and new beginnings. Reimagined as a magnificent Rangavalli using eco-friendly materials including rice, millets and seeds, the installation translated the intricate artistry of the necklace into a large-scale tribute to our cultural heritage. Bringing together thousands of individual elements, the artwork reflected the precision, patience and craftsmanship shared by both jewellery-making and Rangavalli creation. Created using grains, millets and seeds, the installation celebrated the enduring beauty of traditional art forms while offering visitors a distinctive and immersive festive experience.


Rooted in cultural authenticity, the initiative drew on the expertise of the renowned Rangoli artist Shikha Sharma popularly known as the “3D Rangoli Queen” and creator of record-breaking Rangoli artworks. By translating the detailing of an iconic temple jewellery design into Rangavalli, Indriya celebrated two art forms that shared a deep appreciation for intricate patterns, craftsmanship and the coming together of individual elements which created something extraordinary.
Sustainability was integral to the initiative and it extended the purpose of the installation beyond the festive celebration. Following Vijayadashami, the rice, millets and seeds used in the artwork were responsibly repurposed through feeding drives for birds and animals in partnership with Akhil Karnataka Prani Daya Sangh Gaushala.
Speaking about the initiative, Shantiswarup Panda, Head of Marketing & Visual Merchandising at Indriya, said:

“At Indriya, our endeavour is to celebrate India’s rich cultural heritage through meaningful and contemporary expressions. The Jewellery Rangavalli is an extension of that vision, reimagining an iconic Padmika design through a beloved festive tradition that resonates deeply with our audiences. As a brand inspired by culture and craftsmanship, we wanted to create an experience that not only showcases the artistry behind our jewellery but also invites consumers to engage with it in a memorable and immersive way. Through this initiative, we celebrate heritage, craftsmanship and the spirit of togetherness that lies at the heart of Vijayadashami.”
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