India's gold demand remains low due to price volatility and high import duties, while China sees easing premiums.
Gold kept trading at a steep discount
in India this week, as price volatility dampened demand, while
premiums eased in China.Dealers in India quoted discounts of up to $78
an ounce over official domestic prices this week, inclusive of
15% import and 3% sales levies, down from the prior week's
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India's gold jewellery market is adjusting to a new reality. An import duty hike is causing consumers to rush purchases. Industry…
India Business News: In a bid to keep foreign exchange reserves buffer intact, the government has raised the import duty on gold…
