Gold prices remained under pressure, fluctuating between a range of 1250 and 1300 in recent weeks. Yet, god price in India has soared to a record premium of US$ 100/oz over the London price due to insufficient supply to meet the festive season. According to the World Gold Council, the country’s gold demand should increase by as much as 15% this quarter 300 tons amid a good monsoon.
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Indian Gold Soared to Record Premium above London Price
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