Gold demand set to remain resilient ahead of Akshaya Tritiya; Bullion remains preferred safe-haven for wealth creation

Gold demand and consumer sentiment remain firm ahead of Akshaya Tritiya on Sunday, April 19, as retail investors look to bullion as a preferred avenue for wealth creation. Despite elevated price levels, the festival continues to serve as a primary driver for the precious metals market, supported by a year where gold delivered gains exceeding 60 per cent.

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UK’s apparel imports increase 2.3% to $1.78 bn in Feb 2026

The UK’s clothing imports rose 2.32 per cent year on year (YoY) to £1.320 billion (~$1.789 billion) in February 2026, with a marginal month on month (MoM) increase.
Fabric imports edged up, while fibre imports remained flat.
Despite softer quarterly trends in late 2025, full-year 2025 apparel imports grew over 6 per cent, signalling resilient demand amid mixed textile segment performance.

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Italy’s OVS’ FY25 sales rise 7% to $2.06 bn; beats market

OVS has posted record FY25 sales of €1,745.9 million (~$2.06 billion), up 7 per cent YoY, driven by like-for-like growth and Goldenpoint consolidation.
Adjusted gross margin rose 8.8 per cent, while net profit increased 14.8 per cent.
Key brands delivered solid EBITDA gains.
Womenswear and beauty led growth, with early FY26 performance remaining strong on robust collection demand.

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Revoking China PNTR may lead to higher tariffs borne by US firms: AAFA

US trade body AAFA has urged the International Trade Commission not to revoke the permanent normal trade relations (PNTR) status granted to China as that would result in higher tariffs borne by US companies.
Higher tariffs on Chinese imports would constrain US firms’ ability to invest in innovation, expand operations and support US job growth, and would risk closing off commercial opportunities in China.

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India’s T&A exports fall 14% in March, FY26 down 2.21%

India’s textile and apparel exports fell sharply in March 2026, declining 14.02 per cent year on year (YoY) to $2.91 billion amid geopolitical disruptions.
Apparels dropped 18.99 per cent and textiles 9.91 per cent.
FY 2025–26 exports slipped 2.21 per cent, with sector share easing to 8.10 per cent.
Cotton imports surged annually, while MMF trends remained relatively stable.

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