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Market move● Neutral for Indian equities
Indians buying gold at Rs 5,000 per 10 grams discount on cash deals
The brief
- Bulk cash purchases can be discounted by as much as 6% from prevailing market rates
- Gold, silver prices today: What is driving bullion after Monday’s sharp sell-off
- Gold rises but strong Fed hike bets keep it near seven week-low
- Gold's lustre dims as Treasury yields surge, markets bet on higher Fed rates
- Gold falls 2.4%, silver 3.5% on MCX: What is driving the sell-off
- Gold and silver ETFs fall as bullion prices slide amid higher yields and Fed rate-hike fears