Spot gold premium declines; Zaveri Bazar spot prices falls below Rs 27,000/10g

The Reserve Bank of India (RBI)’s move to liberalise gold import norms has started showing results. In the last few days, import flow has increased, resulting in a fall in spot premia. It is believed in four-five days, banks imported seven-eight tonnes of gold. In the last two days, the premium for physical delivery has fallen by half to US $20/oz.

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