Chilai Kalan in Kashmir, The King of Winter

Chilai Kalan in Kashmir, The King of Winter is here. ❄️

From today, December 21, Kashmir steps into Chillai Kalan—the toughest yet most soulful 40 days of winter. The cold deepens, days grow quieter, and the valley slowly learns to breathe in silence.

It’s the time when mornings begin with numb fingers and warm hearts. When a Pheran feels like home, a Kangri feels like life, and a cup of Nun Chai tastes like comfort. Streets turn white, nights grow longer, and stories feel warmer around the fire.

This year, winter didn’t come empty-handed. Snow in the upper reaches and rain in the plains have finally broken the dry spell—a quiet blessing for our land, rivers, and glaciers.

Chillai Kalan is harsh, yes. But it also reminds us who we are—resilient, rooted, and close to warmth in the simplest things.

Stay warm. Stay safe. Let the valley rest.

Gold Snaps Record Rally, Falls to ₹1.35 Lakh per 10g

Gold prices in Delhi fell by ₹1,700 to ₹1,35,900 per 10 grams on Tuesday, ending a four-day record-breaking rally, according to the All India Sarafa Association. The dip followed profit-booking by investors amid weak global cues.

The precious metal had hit an all-time high of ₹1,37,600 per 10g just a day earlier, after gaining ₹6,000 over four consecutive sessions.

Key Factors:

· Global Correction: Spot gold in international markets declined by 0.65% to USD 4,277.42 per ounce, snapping a five-day rally.

· Rupee Support: The fall in domestic prices was cushioned by a weak Indian rupee, trading near record lows.

· Silver Also Down: Silver prices dropped by ₹1,000 to ₹1,98,500 per kg after reaching an all-time high in the previous session.

· Market Caution: Analysts attribute the pullback to caution ahead of key U.S. economic data, which may influence the Federal Reserve’s interest rate outlook.

While physical jewellery demand may soften during the ongoing inauspicious period, investment demand is expected to stay strong amid risk-averse sentiment.

Source: All India Sarafa Association, LKP Securities, HDFC Securities

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