Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself

Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger

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Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself

Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger

Read More »

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G&J Exports witnesses Remarkable growth in Q4

Mumbai: The financial year 2020-21 witnessed an overall decline of 28.46% to US$ 25.31 billion in the overall exports of gem and jewellery compared with US$ 35.37 bn in the fiscal year 2019-20, as per the data of the apex body The Gem and Jewellery Export Promotion Council (GJEPC). However, there is a significant increase in the exports witnessed in the last quarter of the financial year ended

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Platinum Days of Love Urges You to "CommitToLove"

Mumbai: In these constantly changing times, if there is one thing that remained constant for couples it is the love that they share. They managed to be each other’s source of strength and comfort. If anything, the unpredictability of circumstances made them realize what truly matters making their love stronger. Filling them with the renewed desire to take the next

Read More »

G&J Export Operations in Maharashtra Exempted

Mumbai: Maharashtra State Chief Minister Mr. Uddhav Thackeray again this year allowed gems and jewellery export operations to resume with restrictions in number of people working in export units during the ongoing night curfew, weekend lockdown and restrictions of people at work place and travel, to curtail the second wave of COVID-19 pandemic. This has been resulted due to persistent communication

Read More »

Kalyan Jewellers Raised Rs. 800 Crore from IPO

Mumbai: In March 2021, Kalyan Jewellers successfully completed its initial public offering (IPO) and raised approximately Rs. 800 Crore (Rs. 8,000,000,000) of primary capital for the Company, representing a significant milestone in the evolution of the Company’s growth journey. Kalyan Jewellers witnessed a robust increase in consumer demand in Q4 FY 2021, resulting in a revenue growth of approximately 60% for its

Read More »

G&J Exports witnesses Remarkable growth in Q4

Mumbai: The financial year 2020-21 witnessed an overall decline of 28.46% to US$ 25.31 billion in the overall exports of gem and jewellery compared with US$ 35.37 bn in the fiscal year 2019-20, as per the data of the apex body The Gem and Jewellery Export Promotion Council (GJEPC). However, there is a significant increase in the exports witnessed in the last quarter of the financial year ended

Read More »

Platinum Days of Love Urges You to "CommitToLove"

Mumbai: In these constantly changing times, if there is one thing that remained constant for couples it is the love that they share. They managed to be each other’s source of strength and comfort. If anything, the unpredictability of circumstances made them realize what truly matters making their love stronger. Filling them with the renewed desire to take the next

Read More »

G&J Export Operations in Maharashtra Exempted

Mumbai: Maharashtra State Chief Minister Mr. Uddhav Thackeray again this year allowed gems and jewellery export operations to resume with restrictions in number of people working in export units during the ongoing night curfew, weekend lockdown and restrictions of people at work place and travel, to curtail the second wave of COVID-19 pandemic. This has been resulted due to persistent communication

Read More »

Kalyan Jewellers Raised Rs. 800 Crore from IPO

Mumbai: In March 2021, Kalyan Jewellers successfully completed its initial public offering (IPO) and raised approximately Rs. 800 Crore (Rs. 8,000,000,000) of primary capital for the Company, representing a significant milestone in the evolution of the Company’s growth journey. Kalyan Jewellers witnessed a robust increase in consumer demand in Q4 FY 2021, resulting in a revenue growth of approximately 60% for its

Read More »

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