National News
India’s gold demand improves as prices dip
Gold demand in India saw a slight improvement towards the week’s end as prices fell from record highs, yet remained below normal levels. Discounts in China persisted due to low activity, and India’s imports are predicted to drop significantly by 85 per cent in February. Meanwhile, gold trades in Singapore, Hong Kong, and Japan show varying premiums and discounts.
India’s gold demand improved in the second half of this week but remained lower than normal as prices retreated from all-time-high levels, while traders continued to offer discounts in China as activity remained lacklustre. Domestic gold prices were trading around 84,750 rupees per 10 grams on Friday after hitting a record high of 86,592 rupees last week.
Indian dealers this week offered a discount of $12-$27 an ounce over official domestic prices, inclusive of 6 per cent import and 3 per cent sales levies, down from the last week’s discount of $35.
National News
GJEPC, Latur Jewellers’ Association Host Seminar On Membership, IIJS BHARAT and MSME Schemes
The Seminar Attracted Over 300 Retail Jewellery Store Owners From Murud and Nearby Regions
GJEPC, in collaboration with Saraf Suvarnakar Vyapari Sangh, Latur, organised a seminar in Murud on 24 May focusing on GJEPC membership, IIJS Bharat participation and MSME benefits.
Mithilesh Pandey, Senior Director, GJEPC, outlined the benefits of GJEPC membership, export opportunities through courier, post, hand-carry, e-commerce and online platforms, along with key government schemes and Maharashtra’s new trade policy. He also highlighted initiatives such as Buyer-Seller Meets, the Capacity Building Scheme and MSME support measures.
Naheed Sunke, Assistant Director, GJEPC, briefed participants on IIJS Bharat, its business opportunities and special discounted schemes available through the association.
The seminar attracted over 300 retail jewellery store owners from Murud and nearby regions including Chakur, Ausa, Nilanga, Ahmedpur, Udgir and Shirur Anantpal. A Parichay Card registration camp for artisans was also held during the programme.
GJEPC, Latur Jewellers’ Association Host Seminar On Membership, IIJS BHARAT and MSME Schemes
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GJEPC, Latur Jewellers’ Association Host Seminar On Membership, IIJS BHARAT and MSME Schemes
Tribe Amrapali Opens Its New Travel Retail Outpost In Indore
Muthoot Exim Plans 200 Gold Point Centres By End Of FY27-28 Amid Rising Focus On Gold Recycling
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National News12 hours agoGJEPC, Latur Jewellers’ Association Host Seminar On Membership, IIJS BHARAT and MSME Schemes
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National News14 hours agoMuthoot Exim Plans 200 Gold Point Centres By End Of FY27-28 Amid Rising Focus On Gold Recycling
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