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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

Hari Krishna Group Celebrates International Yoga Day 2026 With Over 8,300 Participants Across India, Reinforcing Its Commitment To Employee Well-Being

More Than 8,300 Employees Across Surat and Mumbai Joined Yoga Day Celebrations, Reflecting HK’s Strong Focus On Health, Mindfulness and Workplace Well-Being.

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Hari Krishna Group (HK), one of the world’s leading natural diamond manufacturers, celebrated International Yoga Day 2026 with the participation of over 8,300 employees across its Surat and Mumbai (SEEPZ & BKC) offices, reaffirming its commitment to employee health, mindfulness, and holistic well-being.

More than 6,000 employees gathered at the Surat headquarters, while 2,300 employees participated in Mumbai, practicing yoga under the guidance of expert instructors. Colleagues from HK’s international offices also joined virtually, reflecting the company’s global culture of wellness and unity.

At HK, wellness is a way of life rather than a one-day celebration. Along with celebrating Yoga Day every year, the company regularly conducts yoga sessions, daily Anapana meditation after lunch, health check-ups, blood donation drives, marathons, and other wellness initiatives that encourage employees to lead healthier and more balanced lives.

These initiatives are aligned with United Nations Sustainable Development Goal 3 – Good Health and Well-Being and form an integral part of HK’s ESG commitment to creating a healthier, safer, and more sustainable workplace.

Message from the Founders

“At Hari Krishna Group, we have always believed that our employees are our greatest strength. Their health and well-being remain at the heart of everything we do. Yoga is not just an annual celebration but a lifelong practice that promotes discipline, balance, and inner peace. Through regular yoga sessions, meditation, and wellness initiatives, we are committed to creating a workplace where every individual can thrive physically, mentally, and emotionally. A healthy team builds a stronger organization and a better society.”

Hari Krishna Group extends its sincere gratitude to all employees, yoga experts, industry guests, and well-wishers who joined the celebrations and supported the vision of a healthier future.

Surat: https://photos.app.goo.gl/DuMfMrfWZvSk7wLq8

Mumbai: https://photos.app.goo.gl/QR2Xevmd3GW9LXGo9

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