Gold prices are expected to consolidate in the near term, maintaining a positive outlook due to heightened expectations of a US Federal Reserve rate cut in September. Traders will closely monitor US macroeconomic data and Fed officials’ speeches for insights into monetary policy.

India’s garment exports face risks from US tariffs of 25 per cent and a possible additional duty, while efforts to boost trade with Russia show weak results.
Exports to Russia fell 35.94 per cent to $25.109 million in January–May 2025, just 0.33 per cent of India’s $7.566 billion total.
By contrast, the US accounted for $2.524 billion, or 33.36 per cent, highlighting India’s continued market dependence.

South Korea’s Hwaseung Footwear Group is investing Rs 1,720 crore to establish its first Indian non-leather footwear manufacturing unit in Tuticorin, Tamil Nadu. This initiative, stemming from MoUs signed at the TN Rising Investors Conclave, is projected to create 20,000 direct jobs in the region.

Delta Galil Industries has reported sales of $470.1 million in stable Q2 2025 despite US tariffs and regional tensions.
DTC sales rose 9 per cent, with record gross margin of 42.8 per cent.
Net income slipped to $16.7 million, while H1 sales grew 5 per cent to $968.8 million.
The company cut full-year guidance but expects to offset tariff pressures through strategic sourcing and its Egypt hub.

Under the Footwear, Leather and Non-Leather Area Development Policy 2025, India’s Uttar Pradesh state will promote private industrial parks with financial assistance and tax sops.
Developers will get support up to 25 per cent of admissible capital investment, subject to size-based limits.
The policy will be effective for five years, covering all new projects, expansions or diversification initiatives.

Nigeria’s Association of Women in Fashion Tech (WIFT) has called for an end to garment imports as that is stifling the domestic industry’s growth.
WIFT has developed solutions to safeguard members’ products against design theft and counterfeiting.
Funding policies for women entrepreneurs should be reviewed as many fashion business owners remain excluded from support schemes due to debt burdens, it said.

Indian fashion jewellery manufacturers are struggling against a surge of cheap Chinese imports, which have doubled their market share in five years. Importers are allegedly under-invoicing and misclassifying goods to bypass anti-dumping duties, making Chinese jewellery significantly cheaper. This situation is severely impacting local businesses in major manufacturing hubs, leading to production cuts and job losses, despite increased customs duties.

Switzerland’s apparel imports grew 4.85 per cent in H1 2025 to $4.19 billion, with trousers and shorts leading at nearly a quarter of total imports.
Jerseys also posted strong growth, reflecting rising demand for casual wear.
Despite European inflation and disruptions, stable yearly trade and China’s dominance highlight Switzerland’s resilient, diversified sourcing base.

Carter’s has launched a limited-edition T-shirt collection designed by Boys & Girls Clubs of America youth, chosen from a nationwide contest.
Available in sizes 12M–adult, the collection celebrates creativity and self-expression.
For each shirt sold, $5 will benefit Boys & Girls Clubs of America, with added in-store donations open through October 18, 2025.

Goldiam International has secured Rs 202 crore through a QIP, with Morgan Stanley among the investors, to fuel the expansion of its lab-grown diamond brand, ORIGEM. The company plans to establish 70–90 stores across India within the next two years. ORIGEM has already launched six stores in the last 10 months.