SENCO GOLD RETAIL EXPANSION
Gold hits record $3,400 this week amid economic turmoil, creates 'sticker shock' for buyers. Is it a smart investment?
Gold prices are soaring to record highs as investors seek safety amid economic worries. Trade tensions and a US government shutdown are fueling this surge. Lower interest rates and geopolitical conflicts are also driving demand. This trend impacts jewelry markets and raises concerns about mercury use in mining. Gold's appeal as a safe haven is being tested.
Reliance Jewels witnesses 52% higher avg bill value amid volatile gold prices
Reliance Jewels saw a 52% surge in Average Bill Value despite volatile gold prices, with old gold exchange contributing significantly. Reliance Retail Ventures Limited reported a 18% year-on-year revenue increase to Rs 90,018 crore, driven by strong festive sales in Grocery and Fashion & Lifestyle.
Reliance Jio Q2 Results: Profit rises 13% YoY to Rs 7,379 crore; ARPU at Rs 211.4
Reliance Jio Q2 results: Reliance Jio reported a strong second quarter with a 13% year-on-year net profit growth to Rs 7,379 crore and a 15% revenue increase to Rs 36,332 crore. The company saw its average revenue per user (ARPU) rise to Rs 211.4, supported by increased customer engagement and a surge in data usage.
India's festive rush pushes gold premiums to over 10-year peak
Gold's allure is captivating Asia as prices soar to new records. India is at the forefront, with festive occasions like Dhanteras and Diwali driving premiums to levels not seen in ten years, compelling investors to stock up on coins and bars. Over in China, demand is experiencing a revival, while Singapore's dealers are facing dwindling inventories.
Gold price jumps to $4,211 as gold rate outpaces stocks — how long will the gold keep rising, and is this rally the final peak or just the start?
Gold is on fire. The gold price has smashed records, soaring past $4,200 per ounce in 2025 — its biggest surge in history. The gold rate is up nearly 60% this year, outpacing U.S. stocks and becoming investors’ favorite safe haven amid Fed rate-cut hopes and global turmoil. Analysts say the rally isn’t over yet — but could the gold price forecast be hinting at an approaching peak? Here’s what’s driving gold’s unstoppable rise and what might come next.
Fitch upgrades outlook on IIFL Finance to positive
Fitch Ratings has upgraded IIFL Finance's outlook to positive from stable, affirming its 'B+' senior secured debt rating. The agency anticipates improvements in the company's credit profile over the next two years, including asset quality and funding diversity, following the lifting of RBI restrictions on gold loans.
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Inflation eases across India, but these states are still feeling the heat
India's retail inflation hit a 99-month low in September. However, some states saw higher price increases. Kerala experienced a surge driven by gold prices. Jammu & Kashmir and Punjab faced rising costs due to fuel and light categories. Rural areas in several states also recorded more inflation than urban centers. This data comes from the Statistics Ministry.
Duroflex files DRHP with Sebi for Rs 183 crore IPO, plans expansion of retail network
Duroflex, a prominent name in the Indian mattress industry, is set to take a bold step as it readies for its initial public offering. This strategic move aims to raise capital through a combination of new share issues and offerings from current investors.
22k gold rate today: Check latest gold jewellery prices of Tanishq, Kalyan Jewellers, Malabar Gold & Diamonds and Joyalukkas
Gold rate today: As Dhanteras and Diwali approach, Indian jewellery stores are experiencing a surge in customer activity for gold and silver purchases, a tradition symbolizing prosperity. With Dhanteras falling on Saturday, October 18, 2025, consumers are advised to check for BIS hallmarks on gold jewellery. Prices for 22K gold vary slightly across major retailers, with IBJA's indicative rates also provided.
Gold(en) hacks: How Indians are cutting wedding costs this season
With gold prices soaring near Rs 1.3 lakh per 10 grams, many Indians are finding ways to manage wedding expenses, particularly by exchanging old gold for new, higher-purity designs. Jewelers like Joyalukkas, Senco Gold & Diamonds, Tanishq, and Kalyan Jewellers report strong demand for exchange programs and contemporary designs with intricate craftsmanship but lower weight.
Global shortage propels silver price to record high: Good time to invest in white metal?
Silver prices have surged to record highs, exceeding $51 per ounce, leading to supply shortages in London. It has also impacted Indian mutual funds with Kotak Mutual Fund, UTI Mutual Fund, SBI Mutual Fund and ICICI Prudential Mutual Fund stopping fresh lump sum subscriptions to their Silver ETF Fund of Fund (FoF).
Motilal makes big prediction on silver, sets Rs 2.4 lakh target for 2026
Motilal Oswal projects a strong silver rally in India, forecasting prices up to ₹2.40 lakh by end-2026, driven by structural supply deficits, rising demand from solar and EV sectors, and a weakening rupee. Supported by five consecutive years of global supply shortfalls, robust industrial consumption, and silver’s dual role as an industrial and safe-haven asset, domestic silver ETFs have surged nearly 70% YTD, with further gains expected as USD/INR trends toward 90.
Gold’s Diwali gloom hides quiet glitter in India’s bullion backrooms
Gold may be losing some glitter in Indian homes this festive season as record-high prices weigh on jewellery purchases. Despite the government’s recent GST reforms, gold demand is expected to fall by up to 27% from last year in volume terms during the three-week festive buying period, according to the India Bullion and Jewellers Association (IBJA). The decline follows a 28% year-on-year drop in demand between Raksha Bandhan and Onam to 50 tonnes — the sharpest fall in three years.
Gold breaches Rs 1.3 lakh/10 g, silver hits Rs 1.85 lakh/kg amid festive rush
Gold prices on Tuesday surged by Rs 2,850 to breach the Rs 1.3 lakh per 10 gram-mark for the first time in the national capital, driven by heavy festive buying by retailers and jewellers ahead of 'Dhanteras'.
Italian fashion brand OVS to open five stores in two years, to increase sourcing from India
Italian fashion brand OVS is entering the Indian market. The company plans a gradual expansion, focusing on learning from its initial stores. OVS aims to establish at least five stores by 2027 and become a leading brand in India within a decade. The brand also intends to increase its sourcing from India as its business grows.
Anand Rathi confident of doubling inflows, sees FY26 revenue and profit targets well on track
Wealth management veteran Anand Rathi says inflows have doubled year-on-year as clients continue long-term investing despite market volatility. The firm has already achieved over 50% of its FY26 revenue and profit targets, with stable 40–45% margins. Rathi remains bullish on infrastructure, banking, and consumption sectors while advising caution on gold
Radhika Gupta: India’s next market rally to be consumption-driven; SIP flows to hit Rs 1 lakh crore by 2030
Radhika Gupta of Edelweiss Mutual Fund sees a bright future for India's equity market. She believes domestic demand will drive growth in the coming year. SIP flows are strong, and consumption is expected to rebound. Sectors like hospitals, hotels, and capital markets are poised for long-term gains. Earnings are set to improve, signaling a positive outlook.
Gold demand dips as soaring prices hit jewellery sales
India's top jewelry retailers, Tanishq and Reliance Retail, experienced a decline in consumer deposits for deferred gold purchase schemes last fiscal year. This trend is expected to continue as soaring gold prices lead to reduced purchase volumes, impacting the popularity of these installment-based schemes.
TCS results signal cautious optimism, but IT outlook remains uncertain: Dhananjay Sinha
Dhananjay Sinha of Systematix Group notes uncertainty for Indian IT due to global trends. TCS results were in line, but future growth faces headwinds. Banks are seeing margin compression, though lending activity is picking up. Public sector banks and retail lending offer selective chances. Autos are outperforming financials. The second half of the fiscal year may bring gradual improvement.
Retail investors drive surge in sovereign gold bond prices amid market frenzy
Investors are rushing to buy Sovereign Gold Bonds in the secondary market. They are paying prices much higher than gold's current value. This buying spree is driven by perceived benefits like annual interest and tax-free gains. However, these investors face potential losses if gold prices decline. The limited supply of these bonds is also contributing to the price surge.
Senco Gold eyes strong festive sales, confident of 18-20pc topline growth in FY'26
Senco Gold anticipates strong sales in the upcoming festive and wedding season. The company expects to maintain 18-20 percent growth for the fiscal year. This optimism is driven by a diverse inventory and a positive economic outlook. Senco is also expanding its retail presence and introducing affordable jewellery options to meet consumer demand.
Organised gold loan market likely to reach Rs 15 lakh crore mark by Mar 2026: Icra
The gold loan market is set to reach Rs 15 lakh crore by March 2026. Banks are leading this growth, expanding their market share significantly. Rising gold prices are a key factor in this accelerated expansion. The market is projected to further grow to Rs 18 lakh crore by FY2027. This indicates a robust future for the sector.
24K, 22K, 18K gold rates today: Check latest gold jewellery prices of Tanishq, Kalyan Jewellers, Malabar Gold & Diamonds and Joyalukkas
Karwa Chauth festival: Investor interest and strong festive demand contributed to the price increase. Major jewellers like Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers reported prices for 22-carat gold.
Senco Gold shares decline over 4% after modest Q2 growth amid high gold prices
Senco Gold share price: Senco Gold reported 6.5% YoY revenue growth in Q2 FY26, with H1 revenue up 17.8%, driven by retail expansion and strong same-store sales. Despite high gold prices and seasonal headwinds, diamond and silver jewellery sales showed robust value growth, reflecting resilient consumer demand.
Buy, Sell or Hold: Nomura recommends buy on Prestige Estates; Antique initiates coverage on Precision Wires
Brokerages remain bullish on select stocks like Prestige Estates, Zomato, and Precision Wires, citing strong presales, improving profitability, and structural growth drivers from real estate, quick commerce, and EV-related demand.
Buy Titan, watch Trent: ICICI Direct's Kaustubh Pawaskar on what’s next for Tata retail stocks
Tata Group's retail performance shows a divergence, with Titan Company's jewellery segment exceeding expectations while Trent Ltd. experienced slower-than-anticipated growth. Titan's strong festive demand and studded jewellery sales drove its success, while Trent anticipates a rebound in the festive-heavy third quarter following a slowdown attributed to GST rate cuts and a high base effect.
Stocks in news: TCS, PVR Inox, Senco Gold, JSW Cement, Maruti Suzuki
Indian markets saw a slight dip after recent gains, with all eyes now on TCS's Q2 earnings report. Analysts anticipate further consolidation with a positive outlook. Key stocks in focus include TCS, PVR Inox's new dine-in cinema concept, Lupin's US expansion, Maruti Suzuki's service network growth, JSW Cement's new unit, and Senco Gold's revenue increase.
Senco Gold sees 6.5 per cent growth in revenue in Q2FY26
Senco Gold reported a 6.5% revenue growth in Q2 FY26 despite headwinds like a high base effect and adverse weather. The company expanded its retail presence with 5 new showrooms, including an international one in Dubai, and saw strong demand for diamond and silver jewellery. Gold prices reached an all-time high during the quarter.
Gold’s glittering rally: 6 ways for retail investors to participate in the rally this Diwali after 51% YTD surge
As Diwali 2025 approaches, gold—traditionally a favoured asset during the festive season—is grabbing headlines not only for its auspicious symbolism but also for its unprecedented price surge.
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