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Premiums on gold in India nearly halved in the latest week as higher supplies and low domestic demand in a seasonally slack period weighed, while appetite for the precious metal in rest of Asia picked up slightly as prices dipped below $1,300 an ounce. Premiums in India, the world's second-biggest gold buyer, fell on Friday to $5-$6 an ounce on London prices, against $10 quoted last week, traders ...
The Indian stock market ended notably lower on Friday, snapping an eight-session winning streak, as weak global cues and some disappointing results prompted investors to take some profits.Save for a few minutes at the start of the session, the market was down in negative territory, with stocks, with the exception of those from healthcare and FMCG sectors, wilting under sustained selling pressure.The ...
Premiums on gold in India nearly halved in the latest week as higher supplies and low domestic demand in a seasonally slack period weighed, while appetite for the precious metal in rest of Asia picked up slightly as prices dipped below $1,300 an ounce. Premiums in India, the world's second-biggest gold buyer, fell on Friday to $5-$6 an ounce on London prices, against $10 quoted last week, traders ...
India, the world's second-biggest gold consumer, does not have any current proposal to cut the record 10 percent import duty on gold, Minister of State for Finance Nirmala Sitharaman said on Friday.India, desperate to trim a gaping current account deficit, took a slew of measures last year to curb demand for bullion, its second-biggest import after oil.Besides the duty imposed by the finance ministry, ...
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