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
Palmonas Celebrates Its 101st Store, Marking A Journey Built On Trust, Community and A New Way Of Experiencing Jewellery
Palmonas, the brand that made modern-looking jewellery a part of everyday style, has reached a significant milestone with the opening of its 101st store, marking another chapter in its journey of making jewellery more accessible.
From its first store in Pune in 2022 to 101 stores across India, Palmonas’ journey began with a simple thought. Jewellery should feel special, without having to be saved for a special occasion. The Demi-Fine® collection was created to bridge this gap, combining thoughtful design, everyday wearability, and affordable pricing.
Today, the brand’s growth extends beyond its retail footprint. Palmonas has also built a community of over 1 million followers on Instagram, reflecting the growing connection it has created with its audience across India. The 101st store marks not just a retail milestone, but a journey shaped by the people who have been part of the brand’s growth.
Speaking on the milestone, Pallavi Mohadikar, CEO & Founder, Palmonas, said,

“Reaching 101 stores is a very special moment for me. When I started Palmonas, I had a simple vision of changing the way people experience jewellery. Today, that vision has grown into 101 stores and over a million people following our journey on Instagram. For us, 101 is a stepping stone towards our next milestone of 2,000 stores. We’re excited for what comes next.”
With its growing retail network and digital community, Palmonas continues to expand its presence across India, bringing its jewellery closer to customers and creating spaces where they can discover and experience the brand.
As Palmonas looks ahead, it remains focused on continuing to make thoughtfully designed jewellery more accessible while growing a community that feels connected to the brand and its journey.
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