 "Gold selling at huge discount as buyers disappear")
Bullion market is experiencing unusual situation amidst sharp jump in prices of both the precious metals. In international market, gold futures was trading at $1,653 per ounce on Tuesday afternoon, $107 per ounce or over 6 per cent higher than yesterday. However, in India both on MCX and spot markets in Mumbai (very thin deals), it was trading at a huge discount to its landed cost. However, silver was still quoting at a premium to its cost.
Issues in both the precious metals are in some way common with different market fundamentals. Silver demand has seen traction but gold buyers
