Apparels

On Wednesday, gold prices hit their lowest point in two weeks, driven down by rising Treasury yields and a stronger dollar that made the metal pricier for international customers. As investors look ahead to key U.S. jobs data for hints about interest rate trends, Federal Reserve officials have hinted at possible rate increases should inflation remain a concern. Meanwhile, movements in other precious metals were mixed during early trading.

US apparel imports fell 7.8 per cent to $36.90 billion in H1 2026, while Cambodia, Indonesia and Vietnam gained and China and India retreated sharply.
New Section 301 duties put Vietnam and China in a 12.5 per cent group, above the 10 per cent rate for Cambodia, India, Indonesia and others.
Qualifying CAFTA-DR and USMCA goods are exempt; August and September data will offer a cleaner test.

Global knit and woven garment exports neared $550 billion in 2025, making up nearly 60 per cent of world textile exports.
China remained dominant, while Bangladesh rose to second and Vietnam to third among textile exporters.
Synthetic fibres are taking a larger share of garment growth, putting cotton quality and competitiveness higher on sourcing agendas.

Under the partnership, Tata CLiQ Luxury will serve as the exclusive online retail partner for The M Collection. The collection will also be available through Manish Malhotra’s flagship stores.

Prime Minister Narendra Modi has again urged Indians to avoid buying gold unless necessary, saying greater focus on local products and self-reliance can help India become a developed nation. India’s gold imports hit a record $71.98 billion in FY26, up 24% from the previous year, even as import volumes fell 4.8% to 721 tonnes.

Turkiye’s apparel exports declined 1.05 per cent year on year to $9.304 billion in January-July 2026, with HS 61 at $5.387 billion and HS 62 at $3.917 billion.
July exports under HS 61 and HS 62 rose 3.13 per cent to $1.469 billion after strong June growth.
Recovery remains incomplete after 2025 exports fell 6.26 per cent amid weak European demand and price competition.

He explained that high market prices drove old gold exchanges as customers traded in older pieces to buy new ornaments. “Old gold exchange accounted for about 44% of our total sales in FY26,” he said.

GRT Jewellers will acquire a significant stake in Tribhovandas Bhimji Zaveri for over 10 billion rupees. This acquisition aims to expand GRT’s nationwide presence through Tribhovandas Bhimji Zaveri’s existing stores. The deal involves acquiring a majority stake and launching an open offer for more shares. Both companies are prominent in gold and diamond jewellery, catering to Indian traditions. The transaction is subject to necessary regulatory approvals before finalization.

Bangladesh’s garment sector is entering its first minimum-wage review under a shortened three-year cycle, with unions seeking reconstitution of the Minimum Wage Board.
The last structure took effect in December 2023, pointing to a new one by December 2026 under the amended labour law.
RMG exports were US$39.35 billion in FY2024-25, up 8.84 per cent, with an 81.49 per cent share of total exports.

With plans to launch over one hundred outlets across India in the next three to four years, Miraggio envisions becoming the foremost handbag brand by FY30. This strategic move will prioritize retail and direct-to-consumer approaches, significantly boosting domestic production in the next two years. The company is also dedicated to investing in technological innovations and refining its supply chain processes.