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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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Kushals Fashion Jewellery Unveils a New Festive Collection for Karwa Chauth: Jewellery Made for the Moonlight

The collection blends Kundan, Zircon and gold-plated jewellery with BIS Hallmarked 92.5 silver mangalsutras, bringing traditional elegance and contemporary style to Karwa Chauth celebrations.

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Karwa Chauth is an occasion marked by festive dressing, traditional rituals and jewellery that completes the celebration look. From statement pieces for the puja to elegant designs for the evening, jewellery adds colour and character to the festivities.

This Karwa Chauth, Kushals Fashion Jewellery introduces a new festive collection that brings together Indian design elements and a modern, fashion-forward feel. The range features Kundan and Zircon (American Diamond) jewellery, with pieces that are 18K gold-plated with a premium finish. It also includes mangalsutras crafted in BIS Hallmarked 92.5 silver, offering a mix of statement festive jewellery and versatile designs.

The collection features statement earrings, necklace sets, bangles, kadas, cuffs, rings and bracelets, alongside mangalsutras in different lengths and styles. From bold designs with colourful stone accents to delicate pieces with subtle detailing, the range brings together a variety of styles for the festive season. Intricate Kundan work, sparkling Zircon stones and rich red and green accents add colour and character to the designs, while the mix of statement and minimal pieces offers options for different festive looks.

The mangalsutra range combines traditional motifs with contemporary designs, offering versatile options for everyday wear and festive occasions. Crafted in BIS Hallmarked 92.5 silver, the range includes bracelet-style mangalsutras with floral details, shorter designs featuring teardrop and heart-shaped Zircon stones, and longer Kundan pendants with peacock and floral motifs, emerald-green accents and pearl drops.

With this collection, Kushals Fashion Jewellery brings together Indian tradition and modern style, giving women more ways to flaunt their festive look at Karwa Chauth.

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