Gold premium slides as Indian banks boost imports
By GCRU Gold News on Wednesday, June 11 2014, 08:22 - Permalink
With gold imports into the country easing, a noticeable fall has been seen in spot premia. Last week, banks have imported around seven to nine tonnes of gold. Jewellers are heaving a sigh of relief, since the premium for physical delivery has fallen to $10 to $20 per ounce.