{"id":121775,"date":"2019-06-07T12:50:28","date_gmt":"2019-06-07T12:50:28","guid":{"rendered":"https:\/\/www.bnreport.com\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\/"},"modified":"2019-06-07T12:50:28","modified_gmt":"2019-06-07T12:50:28","slug":"gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\/","title":{"rendered":"Gold prices flip to discount in India, premiums skid elsewhere"},"content":{"rendered":"

MUMBAI\/BENGALURU: Gold<\/a> prices in India flipped into discounts this week as a rally in local prices dampened demand, while premiums in other major Asian hubs declined as a price surge prompted investors to sell back bullion<\/a>.<\/p>\n

Global benchmark spot gold<\/a> was headed for its best week this year, supported by expectations of an interest rate cut by the Federal Reserve and heightened global trade tensions.<\/p>\n

Gold futures in India, the world's second-biggest bullion consumer after China, hit their highest level since March 1, at 32,834 rupees per 10 grams, earlier this week.<\/p>\n

"Just in a week prices rose by 1,000 rupees. Consumers are struggling to digest the sudden price rise," said a bullion dealer based at Ahmedabad in the western state of Gujarat.<\/p>\n

Dealers this week were offering a discount of 50 cents an ounce over official domestic prices, compared with a premium of up to 50 cents last week. The domestic price includes a 10% import tax and 3% sales tax.<\/p>\n

Jewellers made enough purchases last month and they would prefer to build inventory at lower prices, said a Mumbai-based dealer with a bullion importing bank.<\/p>\n

"Anyways, retail demand remains weak in June and July. So, jewellers are not in a hurry," the dealer added.<\/p>\n

India's gold imports in May jumped 49% from a year earlier to 116 tonnes as a correction in local prices during a key festival boosted retail demand, a government source said on Tuesday.<\/p>\n

Premiums in leading consumer China were seen around $7-$10 an ounce over the benchmark this week, compared with $14-$18 last week.<\/p>\n

Traders said there was physical buying during the beginning and towards the end of the week with premiums firming around $10 on Thursday.<\/p>\n

Markets in China and Hong Kong were closed for holidays on Friday.<\/p>\n

Taking advantage of higher prices, customers resorted to selling back gold and Asian centres saw increased volumes of scrap gold, a trader with a Singapore-based bullion bank said.Read More \u2013 Source<\/strong><\/a>
\n[contf]
\n[contfnew]
\n <\/p>\n

ET Markets<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

MUMBAI\/BENGALURU: Gold prices in India flipped into discount..<\/p>\n","protected":false},"author":1,"featured_media":121776,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-121775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nGold prices flip to discount in India, premiums skid elsewhere - Business News Report<\/title>\n<meta name=\"description\" content=\"MUMBAI\/BENGALURU: Gold prices in India flipped into discount..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold prices flip to discount in India, premiums skid elsewhere - Business News Report\" \/>\n<meta property=\"og:description\" content=\"MUMBAI\/BENGALURU: Gold prices in India flipped into discount..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-07T12:50:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2019\/06\/photo-5-5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1070\" \/>\n\t<meta property=\"og:image:height\" content=\"580\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"infopal11\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"infopal11\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\\\/\"},\"author\":{\"name\":\"infopal11\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\"},\"headline\":\"Gold prices flip to discount in India, premiums skid elsewhere\",\"datePublished\":\"2019-06-07T12:50:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\\\/\"},\"wordCount\":338,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/photo-5-5.jpg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\\\/\",\"name\":\"Gold prices flip to discount in India, premiums skid elsewhere - Business News Report\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/photo-5-5.jpg\",\"datePublished\":\"2019-06-07T12:50:28+00:00\",\"description\":\"MUMBAI\\\/BENGALURU: Gold prices in India flipped into discount..\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/photo-5-5.jpg\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/photo-5-5.jpg\",\"width\":1070,\"height\":580},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold prices flip to discount in India, premiums skid elsewhere\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"name\":\"Business News Report\",\"description\":\"Latest News on the World of Politics & Business\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\",\"name\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"width\":200,\"height\":50,\"caption\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Business-NewsReport-328225811095934\\\/\",\"https:\\\/\\\/x.com\\\/BNReport\",\"https:\\\/\\\/www.instagram.com\\\/business.newsreport\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\",\"name\":\"infopal11\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/author\\\/infopal11\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gold prices flip to discount in India, premiums skid elsewhere - Business News Report","description":"MUMBAI\/BENGALURU: Gold prices in India flipped into discount..","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\/","og_locale":"en_US","og_type":"article","og_title":"Gold prices flip to discount in India, premiums skid elsewhere - Business News Report","og_description":"MUMBAI\/BENGALURU: Gold prices in India flipped into discount..","og_url":"https:\/\/www.bnreport.com\/en\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2019-06-07T12:50:28+00:00","og_image":[{"width":1070,"height":580,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2019\/06\/photo-5-5.jpg","type":"image\/jpeg"}],"author":"infopal11","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"infopal11","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\/"},"author":{"name":"infopal11","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f"},"headline":"Gold prices flip to discount in India, premiums skid elsewhere","datePublished":"2019-06-07T12:50:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\/"},"wordCount":338,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2019\/06\/photo-5-5.jpg","articleSection":["Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\/","url":"https:\/\/www.bnreport.com\/en\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\/","name":"Gold prices flip to discount in India, premiums skid elsewhere - Business News Report","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\/#primaryimage"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2019\/06\/photo-5-5.jpg","datePublished":"2019-06-07T12:50:28+00:00","description":"MUMBAI\/BENGALURU: Gold prices in India flipped into discount..","breadcrumb":{"@id":"https:\/\/www.bnreport.com\/en\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bnreport.com\/en\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\/#primaryimage","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2019\/06\/photo-5-5.jpg","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2019\/06\/photo-5-5.jpg","width":1070,"height":580},{"@type":"BreadcrumbList","@id":"https:\/\/www.bnreport.com\/en\/gold-prices-flip-to-discount-in-india-premiums-skid-elsewhere\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.bnreport.com\/en\/"},{"@type":"ListItem","position":2,"name":"Gold prices flip to discount in India, premiums skid elsewhere"}]},{"@type":"WebSite","@id":"https:\/\/www.bnreport.com\/en\/#website","url":"https:\/\/www.bnreport.com\/en\/","name":"Business News Report","description":"Latest News on the World of Politics & Business","publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bnreport.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bnreport.com\/en\/#organization","name":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a","url":"https:\/\/www.bnreport.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","width":200,"height":50,"caption":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","https:\/\/x.com\/BNReport","https:\/\/www.instagram.com\/business.newsreport"]},{"@type":"Person","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f","name":"infopal11","url":"https:\/\/www.bnreport.com\/en\/author\/infopal11\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/121775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/comments?post=121775"}],"version-history":[{"count":0,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/121775\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media\/121776"}],"wp:attachment":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media?parent=121775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/categories?post=121775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/tags?post=121775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}