National News
Gold discounts in India widened this week to their highest point in nearly eight months
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
National News
GJEPC Conducts Retailers’ Connect and Export Awareness Seminar In Ahilyanagar
The Programme Aimed To Strengthen The Region’s Participation In International Trade Under The Districts As Export Hubs (DEH) Initiative.
GJEPC, in association with the Ahilyanagar Gold Jewellers Council and Gold Cluster, organised an IIJS Retailers’ Connect and Export Awareness Seminar in Ahilyanagar, Maharashtra, on 29 September 2026.
The programme aimed to strengthen the region’s participation in international trade under the Districts as Export Hubs (DEH) initiative. Ahilyanagar has a long-standing base of skilled karigars and traditional jewellery manufacturing and was among the early regions in Maharashtra to be formally developed as an MSME Gold Jewellery Cluster under the DEH and Micro & Small Enterprises – Cluster Development Programme (MSE-CDP).
During the IIJS Retailers’ Connect session, Naheed Sunke, Assistant Director, GJEPC, introduced IIJS Signature 2027 as a major B2B sourcing platform for jewellery designs, technology and business networking. She encouraged jewellers from Ahilyanagar to participate through an official delegation.
The export awareness session was led by Mithilesh Pandey, Senior Director, GJEPC, who outlined export opportunities available to local manufacturers and retailers, along with government schemes and policy mechanisms that can support their entry into international markets.
The session covered export benefits available under the DEH initiative and preferential trade opportunities through India’s free trade agreements, including the UAE CEPA, India-Australia ECTA and India-EFTA TEPA. Participants were also briefed on simplified procedures for courier-based e-commerce exports, collateral-free loans under PM Vishwakarma, and grants available for Common Facility Centres (CFCs).
GJEPC also highlighted its support ecosystem for businesses seeking to expand internationally. This included the benefits of Registration-Cum-Membership Certificate (RCMC), exporter mentorship programmes such as Niryat Disha and Niryat Protsahan, international showcasing opportunities through IJEX Dubai, access to the India Jewellery Park Mumbai (IJPM) ecosystem, and Parichay Cards for artisans.
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