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 Promotes Export Opportunities and IIJS Bharat Premiere 2026 At Warangal Retailers’ Connect
The Event, Held With The Support Of The Warangal Bullion Jewellery & Diamond Merchants Association, 121 Retailers From The Region Attended
GJEPC organised the IIJS Bharat Premiere 2026 Retailers’ Connect Roadshow in Warangal, Telangana on 17 July, bringing together 121 retailers from the region. The event, held with the support of the Warangal Bullion Jewellery & Diamond Merchants Association (WBJDMA), focused on export opportunities for jewellers and encouraged participation in IIJS Bharat Premiere 2026.
Surya Narayanan, Regional Director – South, GJEPC, conducted a session on export awareness, outlining the steps for retailers to enter international markets and explaining the fiscal benefits and support available to MSMEs through GJEPC and government initiatives.
Vicky Moolchandani, Manager, National Events, GJEPC, presented an overview of IIJS Bharat Premiere 2026, highlighting the exhibition’s global sourcing opportunities, international buyer participation and business networking platform.
GJEPC also briefed participants on the benefits available to members of the WBJDMA. The session generated strong interest, resulting in on-the-spot visitor registrations and 40 confirmed buyers opting for the premium Association Visitor Registration (AVR) package.
The roadshow forms part of GJEPC’s nationwide outreach programme to strengthen retailer engagement, expand export awareness and increase participation in IIJS Bharat Premiere 2026.
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