1 min read.Updated: 04 Jun 2022, 10:50 AM ISTLivemint
Gold rates in India fell sharply on Friday after better-than-expected US jobs data raised the possibility of aggressive rate hikes by Fed
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Gold discounts in India widened this week amid a winding up of wedding season and a rise in prices from recent lows. Dealers in India offered a discount of up to $9 an ounce over official domestic prices this week, higher than last week's $5 discount, according to news agency Reuters. Gold rates in India include 10.75% import and 3% GST. As wedding season is coming to an end, retail demand this month is likely to be muted.