International News
US jewellery, watches sales up by 4.4 per cent year-on-year
Sales of watches and jewelry in the US showed further signs of growth in December 2024, up 4.4 per cent year-on-year, according the latest figures from the US Department of Commerce. But there’s been a marked slowdown since the 10 per cent increases of last September and October.
November saw sales up by just 3.0 per cent, revised down from 5.8 per cent based on actual through-the-till transactions rather than estimates. October has been revised up from 9.7 per cent to 10.0 per cent.
The average monthly year-on-year growth for the full year is 5.4 per cent, so December was little below par. Having said that, it was the 15th consecutive month of growth after a long period (the end of 2022 and much of 2023) of falling sales.
International News
Precious Metals See Profit-Taking On Firmer Dollar, Cooling Crude Prices
Geopolitical Optimism Triggers Risk Premium De-escalation
Precious metals are witnessing a bout of profit-taking this Thursday, with Comex gold slipping 1% to $4,507 and silver tracking lower by 1.58% to $71.49. The intraday cooling comes as investors weigh a firmer dollar against a backdrop of shifting geopolitical narratives and cooling crude prices.
The primary driver for the morning’s retreat appears to be a cautious de-escalation in risk premiums. Reports that Tehran is reviewing a U.S. proposal to end the ongoing conflict have injected a dose of optimism into the markets, softening the immediate “flight to safety” that has bolstered bullion recently. Gold briefly touched levels near $4,498 earlier in the session before finding minor support.
Analysts attribute silver’s underlying strength to a combination of industrial demand and its role as a macroeconomic hedge. Market experts suggest that the current volatility is likely intermittent. The overarching trend remains anchored by a weakening dollar and expectations that central banks may ease off aggressive interest rate hikes.
Precious Metals See Profit-Taking On Firmer Dollar, Cooling Crude Prices
CaratLane Appoints Yami Gautam Dhar as Its First-Ever Brand Ambassador, Marking a New Chapter in the Brand’s Evolution
Gemfields Auctions Revenue Falls Short Of Expectations In 2025
CaratLane Appoints Yami Gautam Dhar as Its First-Ever Brand Ambassador, Marking a New Chapter in the Brand’s Evolution
Precious Metals See Profit-Taking On Firmer Dollar, Cooling Crude Prices
Bhima Jewellery Expands Presence in Tamil Nadu with Grand Opening of Ramanathapuram Showroom by actress Aishwarya Lekshmi
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BrandBuzz2 hours agoCaratLane Appoints Yami Gautam Dhar as Its First-Ever Brand Ambassador, Marking a New Chapter in the Brand’s Evolution
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GlamBuzz4 hours agoBhima Jewellery Expands Presence in Tamil Nadu with Grand Opening of Ramanathapuram Showroom by actress Aishwarya Lekshmi
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International News1 hour agoPrecious Metals See Profit-Taking On Firmer Dollar, Cooling Crude Prices
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National News6 hours agoUnion Minister Piyush Goyal Unveils Malabar Gold & Diamonds ₹200 Crore CSR Initiative for FY 2026–27
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