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Gold discounts in India widened this week to their highest point in nearly eight months

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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

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Litestyle by PNG Expands Retail Presence with New Store in Kolhapur

Lightweight gold and diamond jewellery brand brings modern, everyday designs to the city inaugurated by Mayor of Kolhapur Ruparani Sangramsinha Nigam

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PNG Jewellers has expanded its retail footprint with the launch of its lightweight jewellery brand, Litestyle by PNG, in Kolhapur by the Mayor of Kolhapur Ruparani Sangramsinha Nigam. Strategically located in Shahupuri, opposite the railway station, the new store introduces a curated range of contemporary gold and diamond jewellery designed for everyday elegance.

The store showcases minimalistic, modern designs tailored for today’s women who seek style, comfort, and versatility in their jewellery choices. With a focus on lightweight pieces, the brand aims to blend affordability with refined aesthetics, catering to evolving consumer preferences.

The grand inauguration on 22 March 2026 marked the brand’s official entry into the Kolhapur market, offering customers an opportunity to explore its latest collections firsthand.

Litestyle by PNG further strengthened its brand positioning in December 2025 with the appointment of Sara Tendulkar as its brand ambassador, signalling a sharper focus on youth appeal and contemporary styling.

With a structured expansion plan across Maharashtra beginning March 2026, the “Litestyle” brand is strategically positioned to cater to the rising demand for daily-wear jewellery that combines affordability with trend-forward design. Targeting working women and younger consumers, the brand continues to emphasise versatility, comfort, and modern aesthetics. Through this expansion, Litestyle by PNG aims to deepen its presence in Kolhapur while reinforcing its positioning as a preferred destination for lightweight, contemporary jewellery.

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