Gold price discounts in India jump to nearly highest in one month
Gold dealers were forced to offer discounts over official prices amid subdued physical demand in India
Dealer discount on gold in India remained near one-month highs amid subdued retail demand. Discounts up to $6 an ounce over official domestic prices were offered during last week, compared to previous week's discount of $5, according to a Reuters report. On MCX, gold rates had settled at ₹47,526 per gram on Friday while silver at ₹67,050 per kg. Gold rates in India include 10.75% import duty and 3% GST.
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