Friday 18 September 2015

India gold discounts widen on tepid demand, ample supply

Gold discounts in India, the world's second-biggest consumer, widened this week as dealers struggled to offload stocks amid sluggish demand. Dealers were offering discounts of US $6 to US $8 an ounce to the global spot benchmark this week, compared to discounts of US $4 to US $6 last week. The value of India's August gold imports jumped 140 per cent from the same month a year ago to US $4.96 billion, the trade ministry said this week....Read More

No comments:

Post a Comment