8h ago
India’s gold discount widens sharply as buyers wait for clarity on a possible import duty cut to 6%
India’s domestic gold discount has widened sharply after Moneycontrol reported that the government is discussing cutting import duties on gold and silver from 15% to 6%. Physical buyers have delayed purchases while waiting for policy clarity, dragging down spot demand. The discount to international benchmark pricing had been about 2%–2.5% and has since widened by another 1–1.5 percentage points, with the shift largely driven by speculation as no final decision has been taken.
8h ago