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
MCX Precious Metals Face Notable Selling Pressure
Precious Metals Extended Losses As A Stronger U.S. Dollar and Rising Fed Rate-Hike Expectations Weighed On Investor Sentiment.
The selloff mirrored a broader rout in international markets. On India’s Multi Commodity Exchange (MCX), precious metals faced notable selling pressure during early morning trading on Thursday, June 25.
MCX Market Snapshot
| Commodity | Contract | Price | Change | Spot Price |
| MCX Gold Futures | August | Rs P1,40,749 per 10 gm | -0.37% | Rs 1,41,814 per 10 gm (+0.22%) |
| MCX Silver Futures | July | Rs 2,10,801 per kg | -1.07% | Rs 2,14,200 per kg |
The selloff mirrored a broader rout in international markets, where gold touched levels not seen in over half a year.
Gold prices retreated on Thursday morning, pressured by a resurgent U.S. dollar as investors increasingly priced in aggressive Federal Reserve monetary tightening. The downward momentum has pushed safe-haven bullion toward multi-month lows across major global exchanges.
International Gold Market
| Indicator | Price | Movement |
| U.S. Spot Gold | $3,985.89/oz | Down 0.4% |
| U.S. Gold Futures (August) | $3,979.27/oz | Lower amid macro pressures |
U.S. Spot Gold fell 0.4% to $3,985.89 per ounce in early trading. This followed a bruising Wednesday session where the metal carved out a fresh seven-month low, marking its weakest performance since November 2025.
U.S. Gold Futures for August delivery similarly buckled under macro pressures, dropping to $3,979.27 per ounce.
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