Home / Metals / India’s Gold premiums may double by the end of October
Stainless Steel Flanges

India’s Gold premiums may double by the end of October

Indian gold premiums may double by the end of October, said Commerzbank, citing comments by the All India Gems & Jewellery Trade Federation.

The federation said the gold-price premium over London values could rise to $20 per troy ounce, which would be its highest level since early July, said Commerzbank.

“In Indian rupee terms, gold has likewise fallen noticeably in price in recent months, which should give rise to increased jewelry purchases ahead of the festival season. Diwali, one of the highest Hindu festivals in India, will be held this year on 23 October. Last year, premiums during the Diwali period still totaled $120 per troy ounce, according to the federation,” Commerzbank added.

Source:Scrap Register

Yaang Pipe Industry

About www.nctv.net

www.yaang.com provide a wide range of steel products as Steel pipe, Steel pipes and seamless pipes, Alloy pipes, Pipe fittings, Composite steel pipe used in the industry, construction etc.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Scroll To Top