<p>Brexit may have led to a spurt in gold prices but with high prices leading to slack demand, traders are now selling gold at a discount.<br /><br /></p>.<p> “Imports to India are being done at around Rs 32,100/10 grams and is being sold in the Indian market at a discount of Rs 500-600/10 grams (around Rs 31,600). The grey market discount is even high and there it is being sold at around Rs 30,500/10 gms,” All India Gem & Jewellery Trade Federation director Bachhraj Bamalwa told Deccan Herald. <br /><br />Demand in the country is really weak after the sudden spurt in prices recently due to which even the imported gold is being sold at a discount, said Bamalwa. Gold prices had hit a three-year high of around Rs 32,200/10 grams around 3-4 days earlier. <br /></p>
<p>Brexit may have led to a spurt in gold prices but with high prices leading to slack demand, traders are now selling gold at a discount.<br /><br /></p>.<p> “Imports to India are being done at around Rs 32,100/10 grams and is being sold in the Indian market at a discount of Rs 500-600/10 grams (around Rs 31,600). The grey market discount is even high and there it is being sold at around Rs 30,500/10 gms,” All India Gem & Jewellery Trade Federation director Bachhraj Bamalwa told Deccan Herald. <br /><br />Demand in the country is really weak after the sudden spurt in prices recently due to which even the imported gold is being sold at a discount, said Bamalwa. Gold prices had hit a three-year high of around Rs 32,200/10 grams around 3-4 days earlier. <br /></p>
