Indian gold prices slip to discount ahead of new sales tax policy
Gold was sold at a discount to official prices in India for the first time in one-and-a-half months this week ahead of a new national sales tax regime that takes effect on July 1, while higher prices kept buyers on the sidelines elsewhere in Asia.
Spot gold hit a five-week high of $1,273.74 per ounce earlier this week, boosted by demand for safe-haven assets due to political tensions in the United States and Europe.
First published here: Indian gold prices slip to discount ahead of new sales tax policy