India gold premiums plunge on murky met forecast
By GCRU Gold News on Saturday, June 6 2015, 01:21 - Permalink
The gold premiums in Mumbai dropped significantly following India’s meteorological department forecasting weak monsoon season ahead. The yellow metal continued to trade more or less at parity to $0.50 premium with international prices. Also, gold for immediate delivery was available at discounts of $3-$4 per ounce on recycled gold bars.