AOJ News : Gold premium in India crashes to Sep '13 lows; retail demand flattens out

The physical gold premiums in India have plunged to nine-month lows. According to market players, the premiums which quoted at US $15 to US $18 per Oz more than halved during the week to under US $10 per Oz. The premium on gold quoted at US $8 per Oz at Zaveri Bazaar in Mumbai the major hub of gold trade in the country. 

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