National News
Tiffany & Co. Acquires Historic Titanic Pocket Watch for $1.97 Million
Tiffany & Co. has set a new record with the acquisition of a rare 18k gold pocket watch for $1.97 million. The timepiece, once owned by Captain Arthur H. Rostron of the RMS Carpathia, was a gift from three Titanic survivors—Mrs. John B. Thayer, Mrs. John Jacob Astor, and Mrs. George D. Widener—who expressed their gratitude for his heroic efforts in rescuing passengers after the Titanic sank.
The pocket watch, purchased from Henry Aldridge and Son Ltd., is engraved with a heartfelt message from the survivors and features the monogram “AHR” on its caseback. This historic artifact honors Captain Rostron’s courage and pivotal role in saving hundreds of lives. Christopher Young, Vice President of Creative Visual Merchandising at Tiffany & Co., emphasized the significance of the acquisition, stating that it highlights the brand’s long-standing connection to history and its role in the luxury world.
National News
MCX Gold Declines, Silver Crashes By Rs. 6,000/kg
The Sharp Sell-Off Comes On The Heels Of A Hawkish Stance By The US Federal Reserve, Fueling Expectations Of Prolonged High Interest Rates.
Indian bullion markets witnessed a massive correction today as gold and silver prices tumbled under heavy global pressure. Domestic 24K gold rates slipped toward the Rs. 1.47 lakh per 10 grams mark on the Multi Commodity Exchange (MCX), while silver suffered a brutal meltdown, crashing by nearly Rs. 6,000 per kilogram.
The sharp sell-off comes on the heels of a hawkish stance by the US Federal Reserve, fueling expectations of prolonged high interest rates. A surging US Dollar Index coupled with geopolitical anxieties—including a lingering US-Iran blockade and persistent global inflation fears—dragged international spot gold down to $4,151.89 per ounce, triggering a ripple effect across Indian retail hubs.
MCX Gold (10g): Rs. 1,47,175 (Down 1.4% intraday)
- Silver Crash: Shed a staggering ~Rs. 6,000 per kg in a single session.
- Primary Triggers: Persistent hawkish Fed commentary, a robust US dollar, and profit booking at higher levels
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