Diamond Power Infrastructure said it has received an order worth Rs 435.71 crore, excluding GST, to supply high-tension and low-tension power cables for the 310 MW HYD22–HYD26 data centre projects in Hyderabad. The company said deliveries are scheduled from August 2026 through March 2027 and the scope includes more than 21.35 lakh metres of cables. It described the contract as the largest single cable order in India’s data centre segment and said it was won in the ordinary course of business on an arm’s-length basis, with no related-party involvement. The projects are being executed by L&T, Sterling & Wilson and Blue Star.

Gold and silver futures on India’s MCX retreated on Monday, snapping a four-day winning streak. The August 2026 gold contract fell Rs 243 to Rs 1,47,135 per 10 grams, while September 2026 silver slid Rs 1,150 to Rs 2,37,264 per kg. The drop was driven by profit-taking even as expectations of a U.S. Federal Reserve rate hike eased, with the implied probability of a September move down to 55%.

Samsung Electronics is set to report its 2024 second-quarter results on Tuesday, with the market looking for operating profit of 86 trillion won ($56.35 billion), up 18-fold from a year earlier. Expectations are being driven by AI-led demand for memory chips and tight supply, which have helped lift South Korea’s stock market 92% so far this year. Japan’s Nikkei 225 dipped 0.1%, while Asian tech shares broadly strengthened. MSCI’s Asia-Pacific index excluding Japan rose 0.4%.

Gold prices were steady near a two-week high, with spot gold at $4,175.02 an ounce and COMEX August futures up 1.5% to $4,186.80. The move followed a sharp slowdown in U.S. job growth in June and downward revisions to the prior two months’ payroll figures. Markets trimmed the perceived odds of a September Federal Reserve rate hike to about 55% from above 60%. Silver also climbed for a fifth straight session to $62.4773 an ounce, while platinum and palladium extended gains.

India’s income tax department has recently sent Section 148 reassessment notices to multiple foreign investors who did not earn capital gains or dividend income, questioning why they did not file income tax returns. The action is said to rely in part on data from cross-border remittance filings (Form 15CA/CB) and covers FYs 2019–20 through 2021–22, with some cases moving from Section 148A preliminary queries to formal notices. Legal experts say a share purchase alone does not create taxable income and argue the reassessment mechanism may be being applied to non-income transactions, increasing compliance burdens for overseas investors. The development is described as an enforcement-level disruption and not one that directly changes fundamentals for individual stocks or commodities.

FSN E-Commerce Ventures, the parent of beauty and fashion retailer Nykaa, issued a voluntary Q1 FY27 update projecting consolidated net revenue to rise by nearly 30% year on year. The company said the increase is being driven by mid-to-high double-digit growth in fashion net sales value, reversing pressure seen over the past several quarters. The figures are provisional and subject to a limited review by the company’s statutory auditors. The update did not cite a listed stock ticker or directly link to global tradable traditional assets, but the Beauty & Fashion ETF (BE) tracks a retail theme that includes consumer e-commerce and vertical retailers whose performance is closely tied to the operating resilience of regional leaders such as Nykaa.

India’s refined copper demand is rising quickly, reaching 1,878 kilo tonnes (KT) in FY25, up 9.3% from FY24, driven by infrastructure, construction and renewable energy. The country will need about 500,000 tonnes of additional refining capacity every five years to keep pace, according to International Copper Association India. Planned additions such as Hindalco’s and Kutch Copper’s projects, along with secondary smelter capacity, would add about 100,000 tonnes—far short of demand. As a result, domestic output is expected to remain below requirements, reinforcing reliance on imports and expectations of tight global copper supply.

Copper prices surged to nearly $15,000 per tonne in late January 2026, driven by supply shortages, booming energy-transition demand and geopolitical disruptions. Automakers including Ferrari, BMW and Tesla are expanding aluminium wiring to cut costs and reduce weight, with Ferrari saying the switch trims wiring weight by 15–20%. A copper-to-aluminium price ratio above 4.2 and improving technical feasibility are accelerating substitution, with JPMorgan estimating the shift could affect around 2% of global copper demand this year and as much as 6% by 2030. Aluminium is also rising on its own fundamentals as supply constraints and low inventories tighten the market.

India Bullion and Jewellers Association (IBJA) PM rates for July 3 showed gold and silver rising from June 29 levels, with 24K gold at ₹14,634/gram and 22K at ₹14,283/gram. Silver was priced at ₹2,33,858/kg, up from ₹2,19,980/kg over the same period. Leading jewellers including Tanishq and Malabar Gold & Diamonds also raised 22K jewellery prices by about ₹340–₹365 per gram.