gold trade

Following a surge in the gold prices, it has been put on discount throughout the week for the first time in a month. On July 16, gold was trading at Rs 48,300 per 10 grams. The discount for this week was up to $5 for an ounce over domestic prices, including 10.75% on imports and 3% on sales levies. Besides, India marks as the second biggest bullion consumer after China.