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Gold Crashes 24% Globally But Just 20% In India, Why Are Domestic Buyers Missing The Full Price Relief?

Gold Crashes 24% Globally But Just 20% In India, Why Are Domestic Buyers Missing The Full Price Relief?
Photo: Free Press Journal · view original

Mumbai: Global gold prices have plunged 24 percent from their January record highs, but Indian consumers have witnessed a smaller 20 percent correction. Higher import duties, a weaker rupee and changing domestic premiums have prevented buyers from enjoying the full benefit of falling internationa...

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