Gold in India sold at a discount as prices soar to record highs

published 26.07.2020 18:55

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Physical gold rates swung to a discount in India this week as domestic prices surged above ₹51,000 in futures markets.

In India, dealers offered discounts of up to $6 an ounce over official domestic prices amid weak demand, versus last week's $2 premium, Reuters reported.

In futures market, gold prices soared to a record ₹51184 per 10 grams on Friday.

by Surajit Dasgupta from livemint.com

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