Asia Gold: India discounts soar to record high on import duty hike; China premiums firm
May 15 (Reuters) – Gold discounts in India jumped to a record this week as a sharp import duty hike slowed demand and triggered investor selling, while investment demand kept Chinese premiums firm. Dealers in India quoted discounts of up to $207 an ounce over official domestic prices this week, inclusive of 15% import and 3% sales levies, up from…
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