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With Eyes On Festive Demand, Gold Dealers Offer Discounts For Fifth Week In A Row

On Friday, domestic gold futures prices were around Rs 51,500 per 10 grams
On Friday, domestic gold futures prices were around Rs 51,500 per 10 grams
Gold jewelers in India pinned hopes on an upcoming festival season, with dealers offering discounts for a fifth straight week to lure customers back to shops, as activity remained muted in Asian bullion hubs. In India, discounts eased to $23 an ounce over official domestic prices, inclusive of 12.5 per cent import and 3 per cent sales levies, from last week's $30.
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