FORTNIGHTLY MARKET REPORT
Mumbai Market Has Eye on Hong Kong Show - There are many overseas and domestic buyers in the market and there is a clear demand for goods, but transactions have been slowed considerably due to the differences in asking and offering prices. The 5-7% increase in the price of rough diamonds at the February De Beers Diamond Trading Company (DTC) sight is the main factor in sellers’ insistence on higher polished prices.
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India’s Q1 Gold Jewellery Demand +5% To 125.4 Tonnes

Wedding purchases and lower prices lifted Indian gold jewellery demand to 125.4 tonnes, a 5% increase on the same period last year and the highest first quarter since 2015, according to the World Gold Council’s (WGC’s) latest Gold Demand Trends report.

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