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India gold discounts widest in nine months, activity muted elsewhere


By Rajendra Jadhav and Karen RodriguesMUMBAI/BENGALURU (Reuters) - Gold discounts in India were at their widest in nine months this week as higher domestic prices tempered retail purchases, while buying in other Asian centres remained subdued amid a lack of significant momentum in global prices.Dealers in India were offering a discount of up to $7.50 an ounce over official domestic prices this week, the highest since Sept. 9. This compared with discounts of $5 last week. The domestic price includes a 10 percent import tax.Gold was being sold at a discount in Indian markets for the sixth ...

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First Published: Thu, June 14 2018. 16:45 IST