Indian Gold Dealers Offer Discounts For First Time In Six Weeks As Buying Slows
Spot gold prices were on track for their third straight weekly gain, having hit a one-month high of $1,895.81 on Thursday
Updated: December 18, 2020 7:41 pm IST
India's gold futures jumped to Rs 50,642 per 10 gm on Thursday, the highest level since November 18.
Physical gold in India was sold at a discount for the first time in six weeks as a rebound in local prices to a one-month peak squeezed demand, while purchases slowed in other Asian hubs ahead of the year-end holidays.
India's local gold futures jumped to Rs 50,642 per 10 grams on Thursday, the highest level since November 18.