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
Hon’ble Union Home Minister, Inaugurates HK Group & Dholakia Foundation’s Gujarat Gaurav Sarovar
Hon’ble Union Home Minister, Inaugurates HK Group & Dholakia Foundation’s Gujarat Gaurav Sarovar
The Gujarat Gaurav Sarovar in Amreli, Gujarat, constructed by the Hari Krishna Group and the Dholakia Foundation, was inaugurated by Hon’ble Union Home Minister and Minister of Cooperation Shri Amit Shah on 27 August 2026. Shri Harsh Sanghavi, Deputy Chief Minister of Gujarat, was among the dignitaries present at the inauguration of the 21-acre water conservation project, which has a capacity of 400 million litres and is intended to support water availability for agriculture and drinking, as well as groundwater conservation. Savji Dholakia and Ghanshyam Dholakia represented the Hari Krishna Group.
Addressing the gathering, Shri Amit Shah highlighted the importance of conserving rainwater and replenishing groundwater, noting that the new sarovar will support water availability for agriculture and drinking, while contributing to groundwater conservation.Shri Amit Shah also acknowledged the water conservation initiatives led by Savji Dholakia, Founder of the Hari Krishna Group. He noted that Savji Dholakia has built 208 lakes for water conservation and highlighted his contribution while speaking about the Padma Shri honour conferred on him.
The Hon’ble Home Minister also highlighted the expansion of lakes and check dams, river rejuvenation and other water conservation initiatives across Gujarat. He cited the SAUNI Yojana, which channels surplus Narmada water into reservoirs and rivers in Saurashtra, and said Narmada water is being stored in approximately 10,000 ponds across North and Central Gujarat.
Hon’ble Union Home Minister, Inaugurates HK Group & Dholakia Foundation’s Gujarat Gaurav Sarovar
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