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Asia Gold-india Shifts To Discount; Buying Tapers Off Elsewhere As Prices Gain | Junior Mining News

by juniorminingnews.com posted 4days ago 10 views
By Reuters MUMBAI/BENGALURU, Sept 14 (Reuters) – Physical gold buying waned in major Asian centres this week as bullion prices rebounded from recent lows, with dealers in India offering the metal at a discount for the first time in over a month as an uptick in local rates moderated demand. In India, the world’s second-biggest consumer of the metal after China, gold was being sold at a discount of up to $2 an ounce over official domestic prices this week, compared with a premium of $1 last week. The domestic price includes a 10 percent import tax.

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