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Gold discounts in India widened this week to their highest point in nearly eight months

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Gold discounts in India widened this week to their highest point in nearly eight months, as a surge in prices to a record high dampened demand, while customers in other key hubs also remained on the sidelines. Indian dealers this week offered a discount of up to $39 an ounce over official domestic prices, including 6 per cent import and 3 per cent sales levies, up from a discount of $10 to $21 last week.

Indian dealers this week offered a discount of up to $39 an ounce over official domestic prices, including 6% import and 3% sales levies, up from a discount of $10 to $21 last week.

“Jewellers are not keen on building high-cost inventory at the end of the financial year, as they are busy closing accounts,” said a Mumbai-based dealer with a bullion-importing bank. India’s financial year runs from April until March 31.

India’s gold imports are set to tumble 85% in February from year-ago levels, reaching their lowest levels in 20 years, as demand is dampened by record-high bullion prices.

In China, the world’s largest consumer, gold traded at a discount of $1 to an $18 premium over spot prices. Meanwhile, dealers in Hong Kong charged premiums ranging from par to $2 per ounce.In Japan, bullion was sold between a discount of $3 and a premium of $0.5, a trader said. In Singapore, gold traded between a $0.50 discount and a $3 premium

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National News

GJEPC Hosts UK Trade Interaction In Kolkata To Boost Exports

British Deputy High Commissioner Highlighted Emerging Opportunities In The UK Market and Outlined The Support Available To Indian Businesses Through The UK High Commission. Exporters Discussed Their Experience and Interest In Participating In International Trade Fairs In The UK,

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India’s GJEPC) held a trade interaction with British diplomats in Kolkata on Sept. 9 to boost gem and jewellery exports to the United Kingdom, the industry body said.

  • The meeting, led by GJEPC Eastern Region Chairman Pankaj Parekh and British Deputy High Commissioner Andrew Fleming, convened over 20 regional exporters and prominent local jewellers.
  • Dr. Fleming highlighted emerging opportunities in the UK market and outlined the support available to Indian businesses through the UK High Commission. Exporters discussed their experience and interest in participating in international trade fairs in the UK,
  • Discussions focused on expanding trade under the India-UK Comprehensive Economic and Trade Agreement (CETA), launched on July 15, 2026.
  • The event highlighted six regional exporters who recently completed their maiden shipments to the UK from Kolkata port under the new trade pact.
  • British officials, including Deputy Consul Sandip Choudhary, addressed trade bottlenecks, tariff barriers, and participation in UK trade fairs, pledging ongoing support to facilitate market access for Eastern Region exporters.
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