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India’s gold imports to decline  85%

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India’s gold imports are set to decline  85% in February from year ago levels to their lowest in 20 years, with demand sapped by record prices for the precious metal. Lower gold imports could help India narrow its trade deficit and support the rupee that is trading near record low against the dollar. India is the world’s second biggest consumer of the precious metal.

Spot gold prices hit a record high of $2,956.15 per troy ounce on Feb 24.India’s gold imports in February are likely to fall to around 15 metric tons, the lowest for the month in at least two decades, from 103 tons in February, 2024,

Some banks have reportedly even moved imported gold stored in customs-free zones in India to the US, where prices are offering a premium.

The sharp import decline comes despite India’s ongoing wedding season, traditionally a period of high gold demand. Weddings are a major driver of gold purchases in India, where jewellery plays a crucial role in bridal attire and gifting customs.

While gold demand remains under pressure, industry experts believe any significant price correction could reignite buying interest in the coming months.

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National News

For Every Kind of Love: A Valentine’s Jewellery Edit by Kalyan Jewellers

Heartfelt designs that turn Valentine’s gifting into a timeless celebration of love, connection, and self-expression.

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This Valentine’s Day, jewellery becomes more than a gift, it becomes an expression of emotion, connection, and personal meaning. From delicate heart-inspired motifs to contemporary designs accented with diamonds and subtle touches of colour, each piece is crafted to celebrate love in all its forms. Whether it’s a gesture of self-love, a symbol of a lifelong bond, or the start of something new, these timeless designs blend elegance with sentiment, creating keepsakes to be cherished long after Valentine’s Day has passed.

Golden Heart Pendant

Delicate yet deeply meaningful, this elegant pendant celebrates love through softly layered heart motifs finished with a subtle hint of sparkle. Designed to sit close to the heart, it makes a thoughtful Valentine’s Day gift perfect for everyday wear or as a quiet reminder of affection. A timeless piece that captures emotion in its simplest, most beautiful form.

Double Heart Ring

Soft, romantic, and effortlessly modern, this ring features two delicate heart motifs layered across sleek bands, accented with a gentle touch of sparkle. Designed to symbolise connection and togetherness, it’s perfect for everyday wear or as a meaningful Valentine’s Day gift. A subtle yet expressive piece that celebrates love in a beautifully understated way.

Forever in Bloom Bracelet

Delicate and charming, this bracelet features a graceful heart motif at the centre, framed by flowing gold lines and a soft pop of colour. Light and elegant in design, it sits beautifully on the wrist, making it perfect for everyday wear or a thoughtful Valentine’s Day gift. A subtle expression of affection, crafted to feel personal, playful, and timeless.

Bound by Love Ring

A romantic expression of connection and closeness, this heart-shaped ring features two gently intertwined outlines that symbolise love in constant motion. Accented with subtle sparkle, the design feels light, modern, and effortlessly elegant, perfect for everyday wear or as a meaningful Valentine’s gift. Whether worn as a promise, a celebration of togetherness, or a reminder of self-love, this piece captures the beauty of bonds that stay close to the heart.

Intertwined Hearts Bracelet

A graceful symbol of togetherness, this delicate bracelet features two fluid heart forms coming together in a soft, romantic embrace. Designed with gentle curves and subtle colour accents, it reflects the beauty of shared moments and intertwined journeys. Light yet expressive, the piece sits comfortably on the wrist, making it an effortless choice for everyday elegance or a heartfelt Valentine’s gift that celebrates love in its most natural, flowing form.

source : Kalyan Jewellers

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