Gold price discounts in India jump to highest in 5 months
- Gold dealers in India offered a discount of up to $25 an ounce to official domestic prices, the most since late Sept, and up from last week's $14 discount
- The domestic gold price includes a 12.5% import tax and 3% sales tax
BENGALURU/MUMBAI : A price rally to record highs subdued physical gold purchases in India this week, driving bullion dealers to offer deeper discounts, while buying interest was minimal in top-consumer China and Hong Kong.
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