India's Gold Dealers Charge Premiums First Time This Year As Imports, Smuggling Stall

Physical gold sold at a premium in India this week for the first time this year, driven by plunging imports and a near halt in smuggling that offset the impact of high unemployment and a rise in domestic prices across Asia that could deter buyers. India's gold imports dived 86 per cent year-on-year in June because of record high prices and as international air travel was banned in response to the COVID-19 pandemic.