Titan Company reported a strong Q1 FY27 business update filed on July 6, 2026, with consumer business revenue up 41% year-on-year and jewellery revenue rising 39%. Caratlane grew 42%, while watches and eyecare increased 23%. International business revenue jumped 128% on the consolidation of Damas Jewellery. The stock climbed 3.66% to ₹4,648.60, setting a 52-week high.

India’s fertiliser stock stood at 163.65 lt as of July 2, covering 43% of Kharif-season demand. The government said natural gas supplies to urea plants have been restored to 100%, allowing factories to run at full capacity. It also said 15 imported fertiliser vessels have safely crossed the Strait of Hormuz, with five more in the pipeline. Officials said diversified imports, higher domestic output and adequate stocking are being used to keep supplies stable.

Gold prices slipped from a two-week high on Monday, with spot gold down 0.3% to $4,163.64 per ounce. The U.S. dollar index rose 0.1%, weighing on bullion. After weaker U.S. June jobs data, markets cut the probability of a Fed rate hike in September to about 57%. Investors are now awaiting the Fed meeting minutes due Wednesday to assess the policy outlook.

Gold steadied around $4,190 an ounce after rising more than 2% over the past week, its biggest weekly advance since May. Silver, platinum and palladium also posted gains. Softer US jobs data and OPEC+ signaling higher supplies helped cool expectations for further Federal Reserve rate increases, pulling real yields lower and supporting precious metals valuations.

The Reserve Bank of India has introduced a USDINR forex swap facility for fresh FCNR(B) dollar deposits and will absorb the full hedging cost, prompting banks to lift deposit rates to about 6-7%. NRIs booked nearly $7 billion of FCNR(B) deposits in June, and overall inflows are projected to reach $50 billion by October. As the rupee has firmed from around ₹97 to ₹94.6 against the dollar, domestic gold prices have fallen 6% in a month and are down 14% from their March record high. The expected inflows could keep rupee-denominated gold prices under pressure even if global bullion prices stay stable.

Laser Power & Infra Ltd (LPIL) will open a ₹742 crore IPO on July 9, comprising a ₹542 crore fresh issue and a ₹200 crore offer for sale. The company plans to use the net proceeds primarily to repay or prepay ₹490 crore of borrowings, with the balance for general corporate purposes. In FY26, LPIL reported revenue of ₹2,326 crore and net profit of ₹151 crore, and its order book stood at ₹3,243 crore. LPIL manufactures power cables and conductors, serving clients including Indian Railways, Odisha distribution companies and private EPC firms.

On July 3, 2026, retail gold prices rose across major Indian cities, with 22-carat gold broadly up ₹295 per gram and 24-carat gold gaining ₹309–315 per gram. In Mumbai, Chennai and Hyderabad, 24-carat gold was priced above ₹14,385 per gram. The uniform move higher points to firmer local physical demand and rupee-denominated import cost pressure.

On July 2, international spot gold rose 1% to $4,070 an ounce, while India’s domestic gold quote rebounded by ₹3,000 to ₹1.47 lakh per 10 grams. Spot silver climbed 1.3% to $59.89 an ounce, and the domestic quote reached ₹2.4 lakh per kilogram. The move was driven by more dovish-sounding remarks from US Federal Reserve officials and a softer dollar index, alongside a stronger yen that hinted at possible Bank of Japan intervention.

As of July 2, 2026, aluminium on the London Metal Exchange was quoted at $3,100 a tonne, up 3% year to date, while copper stood at $13,300 a tonne, up 7.5% year to date. Several institutions said the US-Iran conflict has effectively removed about 3 million tonnes of aluminium capacity and 2.3 million tonnes of copper capacity from the market, leaving a 1.8 million-tonne aluminium supply deficit and a tightening copper supply backdrop. They added that even as geopolitical tensions ease, the lost capacity is unlikely to return quickly, and rapid destocking and broad-based restocking by downstream users in China are expected to underpin a price rebound.