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
JCS Jewel Creations Opens Exclusive Silver Lounge In Chennai
The New Silver Lounge Offers A Special Place For Luxury Silver Jewellery, Handcrafted Divine Idols, Custom Silver Furniture, Home Décor & Special Gift Collections.
- The new Silver Lounge has a selection of silver items, including rings, bracelets, necklaces, earrings, men’s Jewellery, kadas, divine idols, prayer collections, custom silver furniture, luxury gifts & high-end home décor.
JCS Jewel Creations has opened its Exclusive Silver Lounge in T. Nagar, Chennai offering a special place for luxury silver Jewellery, handcrafted divine idols, custom silver furniture, home décor and special gift collections.
The big opening was joined by important people, including veteran actor Vijay Kumar, famous Vastu consultant Astro Parduman, actor Arun Vijay, Anitha Vijayakumar, Vinothini Pandian, actor Srikanth, actress Upasana Dr. Yashwanth Honorary Consul of El Salvador and sports star Arathi Arun.
The new Silver Lounge has a selection of silver items, including rings, bracelets, necklaces, earrings, men’s Jewellery, kadas, divine idols, prayer collections, custom silver furniture, luxury gifts and high-end home décor. Items start at Rs 3,000 while divine silver idols start at 10 grams meeting the needs of people who want style, faith and lasting artistry.
When talking about the event Arvind Katrela, Managing Director of JCS Jewel Creations said:
“The Exclusive Silver Lounge shows our goal of making a place where history, luxury and skill meet. Each product has been made with care giving customers special Jewellery, sacred collections and custom silver lifestyle products all in one place.”
Situated in the middle of Chennai’s Jewellery area the new store is expected to be a spot for high-quality silver Jewellery, fancy gifts and handmade silver décor.
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