Gold prices on MCX fell over Rs 2,400 per 10g amid easing US-China trade tensions and a temporary India-Pak ceasefire. Analysts point to weakening momentum, with technical indicators suggesting a near-term pullback. While global fundamentals remain supportive, softening tariffs and stronger economic data could cap gains. Traders are advised to adopt a buy-on-dips strategy above Rs 93,000.

Bangladesh’s ready-made garment (RMG) exports rose by 10 per cent to $32.64 billion in July–April FY25, driven by stronger knitwear exports.
Home textile exports increased by 4.25 per cent, while cotton and cotton product exports grew by 6.7 per cent.
However, April 2025 data showed slower monthly growth, with woven apparel and cotton exports declining.

New Zealand imported $149.950 million worth of apparel from China in January–February 2025, accounting for 64.78 per cent of total imports.
Jerseys led with $29.378 million, followed by trousers and shorts, coats, shirts, and T-shirts. Man-made fibre apparel made up 42.62 per cent of imports.
Bangladesh, Vietnam, Indonesia, and India were the other top suppliers.

Puma has reported sales of €2.1 billion (~$2.27 billion) in Q1 2025, down 1.3 per cent but up 0.1 per cent on currency-adjusted basis.
DTC grew 12 per cent, while wholesale fell 3.6 per cent due to softness in the US and China.
EMEA sales rose, while Asia-Pacific and Americas declined.
Footwear grew 2.4 per cent.
Puma maintained its FY25 outlook, excluding impacts from new US tariffs.

HanesBrands Inc has reported net sales of $760 million in Q1 2025, up 2.1 per cent YoY, with gross margin rising to 41.7 per cent.
Adjusted operating profit grew 61 per cent to $81 million, and adjusted EPS rose to $0.07.
US and international sales declined slightly.
For FY25, sales are projected at $3.47–$3.52 billion.
Its Q2 sales are expected at $970 million, with adjusted EPS of $0.18.

The UK-India FTA is set to boost textile and apparel trade by removing tariffs, enhancing competitiveness for Indian exporters, and lowering costs for UK retailers.
Large firms and SMEs alike can benefit through strategic partnerships, compliance, and innovation.
The deal fosters complementary strengths, driving sustainable, long-term trade growth.

De Beers Group is set to close its Lightbox lab-grown diamond jewelry brand, reaffirming its dedication to natural diamonds. This decision comes as lab-grown diamond prices have plummeted, highlighting the distinct value difference between natural and synthetic stones.

Garment exporters in Tiruppur are poised to benefit from U.S. tariffs on competitors like Bangladesh and China, attracting interest from Walmart and Costco. However, a significant skilled labour shortage, limited economies of scale, and higher costs are hindering India’s ability to fully capitalise on this opportunity.

Ajoy Chawla is set to become Titan’s new managing director on January 1st, succeeding CK Venkataraman, who retires under Tata Group guidelines. Chawla, previously CEO of the jewellery division, significantly boosted sales and profits. His appointment awaits shareholder approval, while the selection of his successor for the jewellery division will follow. Titan reported a revenue increase of 22% for 2024-25.

Kalyan Jewellers reported a robust 36.44% surge in net profit, reaching Rs 187.60 crore for the quarter ended March 2025, alongside a 36.60% rise in revenue to Rs 6,181.53 crore. The company’s annual consolidated PAT for FY25 stood at Rs 714 crore, with revenue growing by 35% to Rs 25,045 crore.