Dealers in India, the world's second biggest gold consumer after China, were offering discounts of up to $1.5 an ounce over official domestic prices, the lowest since the second week of December, as against $4 discounts last week. The domestic price includes a 10 percent import tax.
Demand improved as jewellers made purchases for next week's exhibition, said Mukesh Kothari, director at bullion dealer RiddiSiddhi Bullions in Mumbai, referring to the India International Jewellery Show that kicks off in India's financial capital on Sunday.
Union Minister of Commerce &Industry and Civil Aviation, Suresh Prabhu, said that the Ministry is examining the proposal to set up trade promotion bodies in 15 countries to promote exports of SMEs from India. Suresh Prabhu was speaking at the inaugural session of the 15th Global SME Business Summit in New Delhi.
Trusted jewellery house Aisshpra Gems & Jewels, known for impeccable designs and craftsmanship brings an edition of Pastel baubles this bridal season. The dramatic pieces are carved in 22k yellow gold using traditional Meenakari in a frosty color palate, therefore capturing the old world charm in a modern setting. The edition is studded with large chunks of uncut diamonds that add a dash of luster to the jewel and is a dream comes true of a modern royal bride.
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