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India gold discounts widen to most in two months; demand up elsewhere

Reuters  |  MUMBAI/BENGALURU 

By Rajendra Jadhav and Swati VermaMUMBAI/BENGALURU (Reuters) - Gold discounts in India widened to the highest level in nearly two months this week due to sluggish demand amid high local rates, while buying in other major Asian centres ticked up as global prices slid to 2018 lows.Dealers in India were offering a discount of up to $4 an ounce over official domestic prices this week, the most since March 24. Last week, the discounts were at $1 an ounce. The domestic price includes a 10 percent import tax."Jewellery showrooms are witnessing lower footfalls in the last few days. It is forcing them ...

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First Published: Fri, May 18 2018. 16:22 IST
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