Gold Prices Just Did Something They Haven’t Done All Year
By GCRU Gold News on Thursday, October 13 2016, 23:24 - Permalink
Finally the global gold market is getting some good news from its top consuming nation — India.
Reports earlier this week suggest that something very unusual has just happened with India’s local gold prices: they’ve jumped to a premium above worldwide bullion prices.
That’s big news because — so far this year — India’s prices have been lagging the rest of the world. With gold here selling at discounts of $50 or more per ounce below average global prices.