Gold prices in India move from discount to premium for first time this year1 min read . Updated: 12 Jul 2020, 01:50 PM IST
- This week gold prices in India rose to record high of about ₹49,500 per 10 gram
- The domestic price gold price includes a 12.5% import tax and 3% GST
For the first time this year, physical gold sold at a premium in India this week even as record high prices continued to deter buyers. Driven by plunging imports, dealers charged premiums of up to $3 an ounce over official domestic prices, up from last week's $22 discount, Reuters reported. The domestic price includes a 12.5% import tax and 3% GST.
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