Indian gold price discount trebles on slack jewellery demand

20-06-2025 10:40 AM

Jewellery demand in India has remained slack after the April-May wedding season got over, and, as a result, the discount on domestic gold to global benchmark prices has widened in June compared with mid-March, the World Gold Council (WGC) has said.

The discount, after adjusting for exchange rate and taxes, has widened primarily due to subdued jewellery demand. “The average discount has widened significantly – from $12/ounce (₹370 per 10 gm) in mid-March to over $38/ounce (₹1,164) by June 13,” said Kavita Chacko, Research Head, India of WGC.

Gold, which has gained nearly 30 per cent this year in addition to increasing by 30 per cent last year, was last quoted at $3,359.95 an ounce. Gold futures, which expire in August, ended at $3,376.47 an ounce. On Multi Commodity Exchange (MCX), August gold futures were last traded at ₹98,907 per 10 gm. Jewellery gold in the Mumbai spot market was quoted at ₹97,070 per 10 gm on Thursday morning.

Courtesy: The Hindu Business Line

From Diamond Grading to Jewelry Evaluation: GCAL by Sarine Expands in India

25-09-2026 2:15 PM

Singapore Exchange Mainboard and Tel Aviv Exchange listed Sarine Technologies Ltd (“Sarine” and along with its subsidiaries “the Group”) (U77:SI; SARN.TA), a worldwide leader in the development, marketing...

Anera Silver by Kushals Accelerates India Expansion with Bengaluru Debut, Six New Stores and ₹25 Crore Revenue Target

25-09-2026 2:10 PM

Anera Silver by Kushals announced the opening of its first store in Bengaluru’s HSR Layout on 26th September, marking the beginning of an ambitious retail journey for the newly launched jewellery...

SENNES shines at MILAN FASHION WEEK with DESIGNER DHRUV KAPOOR, taking contemporary Indian Luxury to the global stage

25-09-2026 2:05 PM

SENNES, the lab-grown diamond jewellery brand from the House of Senco, showcased at Milan Fashion Week as the jewellery partner for designer Dhruv Kapoor’s show on Tuedsay, September 22, 2026. Bringing its...

Thiru. J.C.D. Prabhakar, Speaker of Tamil Nadu Assembly and industry dignitaries inaugurates Gem and Jewellery India International Fair (GJIIF)

25-09-2026 2:00 PM

Thiru. J.C.D. Prabhakar, Speaker of Tamil Nadu Assembly and industry dignitaries inaugurates Gem and Jewellery India International Fair (GJIIF), taking place from today onwards till 27th September at Chennai Trade...

The Natural Diamond Council relaunches as the Diamond Collective with a new strategy to reignite desire for Natural Diamonds

23-09-2026 2:20 PM

Today, the Natural Diamond Council becomes The Diamond Collective unveiling a new global strategy to reconnect natural diamonds with culture, strengthen consumer confidence and drive long-term relevancy. Shaped...