International News
Silver surges on further Federal Reserve rate cut expectations, China demand
Global supply tightness and rising Fed rate-cut bets propel silver to new record highs, with China led demand and strong futures activity driving market momentum.
Silver surged to a fresh all-time high amid rising expectations of further U.S. Federal Reserve rate cuts. Silver rose to $53.9/oz. Chinese silver inventories have dropped to their lowest levels in a decade, prompting substantial exports to London to ease supply tightness. This follows October’s record Chinese silver exports exceeding 660 tonnes.
The price of silver in India today touched Rs 1,76,000 per kg. On the MCX, March 2026 silver futures gained Rs. 1,478 (0.91%) to Rs. 1,63,945/kg, while December silver futures rose Rs.1,517 (0.91%) to Rs.1,67,504/kg.
Markets now anticipate three additional Fed cuts before end-2026, with the probability of a 25-bps cut in December jumping to 85%, up sharply from about 30% a week earlier. Hedging activity has intensified across swaptions and overnight-rate-linked derivatives as traders navigate mixed Fed signals.
Silver ended the session close to a two-week high as delayed US economic data boosted expectations of a December Fed rate cut. September retail sales grew just 0.2%, signalling softer consumer demand, while PPI figures aligned with expectations. Recent dovish remarks from Fed officials have further pushed market pricing for a 25 bps cut to over 80%.
International News
Kering Invests in China’s Gold Jewelry Surge as Laopu’s Explosive Growth Reshapes Market
Heritage-gold brands Borland and Lamchiu secure major funding amid soaring demand, fueled by Laopu’s meteoric rise and China’s booming 24-karat segment.
A wave of investor interest is sweeping through China’s gold jewelry sector as the rapid rise of Laopu Gold Co. galvanizes confidence in the country’s high-end heritage gold market. The latest beneficiary is Borland, a Hangzhou-based jeweler known for its traditional filigree craftsmanship, which this week announced more than 100 million yuan ($14 million) in new funding.
The investment round includes contributions from Kering Ventures, the startup arm of luxury group Kering SA, and Shunwei Capital, co-founded by Xiaomi chairman Lei Jun. Kering noted that its minority stake enables participation in the “rapid development of a particularly buoyant 24-karat gold jewelry segment,” reflecting growing appetite for culturally rooted premium gold pieces.
Meanwhile, Dayone Capital has made a separate investment exceeding 100 million yuan in Lamchiu, a Lanzhou-based maker of handcrafted bespoke gold jewelry. The firm will support Lamchiu in expanding distribution and reinforcing the brand’s supply-chain capabilities.
The surge of capital follows the remarkable ascent of Laopu, which has become one of China’s breakout jewelry success stories. The company reported 12.4 billion yuan in revenue in the first half of 2025 — a year-on-year increase of over 250%, building on 168% growth from the previous year. Laopu’s momentum has outpaced Western luxury houses struggling with softer China demand.
Heritage gold jewelry — deeply rooted in Chinese aesthetics and traditional techniques like filigree — is attracting a new generation of luxury consumers. Brands like Laopu, which operate in top-tier malls, increasingly compete with global maisons such as Hermès and Cartier for clientele.
Despite strong digital followings, newer brands still face distribution gaps. Borland operates only three mall stores, while Lamchiu, despite amassing more than 1 million followers on Douyin, runs just one physical outlet in Lanzhou. Both companies plan to use their fresh funding to accelerate expansion and strengthen operational infrastructure.
The latest investments signal rising confidence that China’s heritage-gold renaissance is evolving from a trend into a long-term luxury category shaping the future of the jewellery market.
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