Indian buyers pile in as gold prices dip to one-year low

Retail consumers in India continued to buy up physical gold this week as prices retreated to a near one-year low, while lower rates also injected fresh activity in other hubs, especially Singapore. Dealers charged up to $5 an ounce over official domestic prices, inclusive of 12.5% import and 3% sales levies, compared with last week's premium of $4. "Demand has significantly improved in the past few days. Retail buyers are making purchases, especially for weddings,"...
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