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
Akoirah Records Strong Growth Across Key Markets With Festive Diamond Draw Campaign
Akshaya Tritiya Campaign Drives Record Footfall and Highlights Growing Demand For Experiential Retail and Design-Led Diamond Jewellery
Akoirah reported strong sales growth and increased footfall across its stores in Mumbai, Navi Mumbai, and Pune following its festive campaign ahead of Akshaya Tritiya. Pune recorded growth of up to 307%, while Vashi saw a 103% rise, reflecting robust demand during the peak festive period.
The campaign centred on a diamond jewellery draw linked to every purchase, drawing good participation across all store locations. High-footfall stores such as Palladium and Pune saw particularly strong engagement, with the initiative adding a distinctive element to the in-store experience during the festive period.
Customer preferences during the campaign leaned towards design-led pieces, with solitaire rings and earrings among the most sought-after categories. The trend points to a growing appetite for jewellery that is suited to both occasion wear and everyday styling.
Store teams reported strong customer interest and positive response throughout the campaign period, with Palladium and Pune standing out in terms of overall performance. The campaign concluded on April 19 with winner announcements held in-store across locations.
The results point to increasing customer interest in experiential retail formats, where the quality of the in-store experience plays as important a role as the product itself.
Commenting on the campaign’s performance, Namita Kothari, Founder, Akoirah by Augmont, said:

“Akshaya Tritiya has always been a significant moment for us, and this year’s response exceeded our expectations. The lucky draw added a layer of excitement to the buying experience, and it was encouraging to see customers engage with it so enthusiastically across all our locations. The numbers from Pune and Palladium are particularly gratifying, and they reinforce our belief that a well-designed in-store experience can drive real results.”
The results point to increasing customer interest in experiential retail formats, where the quality of the in-store experience plays as important a role as the product itself.
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