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Showing posts with the label TRADELINE LIVE COMMODITY GOLD NEWS UPDATE !!www.tradelinecommodity.com India's No.1mcx Tips Provider Missed Call @:/8057046270/8057690837

TRADELINE LIVE COMMODITY GOLD NEWS UPDATE !!www.tradelinecommodity.com India's No.1mcx Tips Provider Missed Call @:/8057046270/8057690837

Asia Gold-India discounts widen to 2-month high on price surge, weak demand Higher prices dampen appeal * China premiums firm slightly to $4-$8 an ounce * Spot gold o n track for 3rd straight weekly gain * Dealers in India offer up to $6/ounce discount By Rajendra Jadhav and Karthika Suresh Namboothiri MUMBAI/BENGALURU, Jan 4 - Gold discou nts in India widened to a two-month high this week as prices surged to a more than six-month peak and demand remained subdued due to New Year holidays.Benchmark spot gold prices  were headed for a third straight weekly gain due to concerns over a slowdown in global economic growth, and tumultuous stock markets.Dealers in India were offering a discount of up to $6 an ounce over official domestic prices this week, up from a discount of $2 last week. The domestic price includes a 10 percent import tax."In physical market demand is negligible. Retail cons umers are not comfortable with higher prices," said Chanda Venkatesh, managing dir