Premium for gold bars rises to 1-year high in India

Premiums for gold bars in India, the world's biggest importer of bullion, rose to the highest level in more than a year to top $2 an ounce due to sudden demand triggered by a 10 percent fall from early September peak, three importers and a supplier said on Wednesday.

 Premium for gold bars rises to 1-year high in India

Reuters

"There is a sudden demand in the market as prices have fallen," said a official with a state-run bullion importing bank in Mumbai.

There was difficulty in getting gold supplies abroad for import, the banker added.

Reuters

Updated Date: Dec 20, 2014 05:46:04 IST