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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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IAGES Celebrates A Power-Packed Day 1 At IIJS Bharat Premiere 2026, Mumbai With Accreditation Recognition Presentation

IAGES Recognises Industry Leaders for Excellence, Quality and Trust at IIJS Bharat Premiere 2026

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The Indian Association for Gold Excellence and Standards (IAGES) marked a highly successful and action-packed Day 1 at IIJS Bharat Premiere 2026, recognizing jewellery businesses that successfully completed and cleared the IAGES assessment and accreditation process.

At the IAGES booth, accreditation certificates were formally presented to prominent jewellers and industry participants in recognition of their commitment to quality, transparency, and industry excellence.

Among the recipients were:

  • Rajesh Rokde – Rokde Jewellers
  • Mansukhbhai Kothari – Vasupati Jewellers
  • Narayan Debnath & Nanda Dulal Debnath – Radha Krishna Jewellery
  • Mohit Adesara – Leela Manufacturers

The certificate presentation ceremony underscored IAGES’ gaining momentum to strengthen trust and elevating standards across the gems and jewellery industry through its accreditation framework.

Speaking on the occasion, Kaushlendra Sinha, CEO, Indian Association for Gold Excellence and Standards (IAGES), expressed his appreciation for the overwhelming response received from industry stakeholders on the opening day of IIJS Bharat Premier 2026. He congratulated the accredited gold business entities for successfully completing the assessment process and achieving this significant milestone, noting that IAGES accreditation serves as a testament to an organization’s dedication to excellence, ethical business practices, and consumer confidence.

With strong participation and enthusiastic engagement from exhibitors and visitors alike, Day 1 proved to be a power-packed start for IAGES at IIJS Bharat Premier 2026.

IAGES extends its heartfelt congratulations to all accredited participants and remains committed to fostering excellence, quality, and trust within India’s gold business sector.

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