Festivals drive gold to premiums
The Hindu
Physical gold flipped back to premiums in India this week as key festivals ushered in jewellery buying.The December quarter accounts for about a third of India’s gold sales as it takes in the start o
Physical gold flipped back to premiums in India this week as key festivals ushered in jewellery buying.
The December quarter accounts for about a third of India’s gold sales as it takes in the start of the wedding season as well as festivals.
“Retail demand has improved to pre-pandemic level,” said Ashish Pethe, chairman of the All India Gem & Jewellery Domestic Council. Dealers charged premiums of up to $2 an ounce over official domestic prices — versus last week’s $2 discounts.
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.