Gold prices crash 24% globally but fall only 20% in India: Why domestic buyers aren’t seeing the full price correction
Gold prices have fallen 24% globally from their January peak, but domestic rates are down only 20%. Higher import duty, rupee depreciation and unusually high premiums in January…
Attributed summary
Gold prices have fallen 24% globally from their January peak, but domestic rates are down only 20%. Higher import duty, rupee depreciation and unusually high premiums in January explain why Indian buyers have seen a smaller correction.
Read the original report — Livemint
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