Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
6 June | Gold

Indian gold dealers slash prices to record discounts amid gold’s rally — Reuters

Gold/Euro
Gold/Silver Ratio
Gold
Indian gold dealers slash prices to record discounts amid gold’s rally — Reuters

Gold's recent price surge has widened Indian discounts to their steepest level in more than a month, as dealers respond to weak demand caused by soaring bullion costs, the agency noted.

Domestic gold traded near 98,300 rupees ($1,144.6) per 10 grams on Friday. Meanwhile, the record peak remains at 99,358 rupees ($1,157), Reuters reports.

The price surge has compelled dealers to offer discounts as steep as $56 an ounce below official domestic prices. Jewelry sales are also under pressure, as the typically slow monsoon season began earlier than usual this year, further dampening demand.

Precious metals expert Hugo Pascal of InProved noted that the high prices have also dampened demand for gold in China.

Elena Dorokhina MarketCheese

Recommended

United States. Fed Interest Rate Decision. The value of the indicator has decreased from 4.25% to 4%
Yesterday at 6:01 PM
United States. CPI (MoM). The value of the indicator has decreased from 0.4% to 0.3%
24 October
United States. CPI (YoY). The value of the indicator has increased from 2.9% to 3%
24 October
South Africa. Gold Production (YoY). The value of the indicator has decreased from -0.4% to -3.6%
14 October
United States. Natural Gas Storage. The value of the indicator has decreased from 87B to 74B
Today at 2:30 PM
Top news
European Union. Deposit Facility Rate. The value of the indicator remained at the same level of 2%
Today at 1:15 PM
European Union. ECB Interest Rate Decision. The value of the indicator remained at the same level of 2.15%
Today at 1:15 PM
European Union. GDP (QoQ). The value of the indicator has increased from 0.1% to 0.2%
Today at 10:01 AM
European Union. Unemployment Rate. The value of the indicator remained at the same level of 6.3%
Today at 10:00 AM
Japan. BoJ Interest Rate Decision. The value of the indicator remained at the same level of 0.5%
Today at 3:17 AM
All news

Forecasts

Natural gas buy
Period: 06.11.2025 Expectation: 250 pips
Invest in natural gas to capture $3.500 in growth amid soaring demand
FA Other Technical analysis Indicators Chart analysis Fundamental analysis
Today at 11:49 AM 28
Lyra_Moonwell1
GBPUSD buy
Period: 30.11.2025 Expectation: 6400 pips
Buying GBPUSD amid stronger UK economic data
FA Other Chart analysis
Today at 11:07 AM 19
McCarthy_Raymond
AUDUSD buy
Period: 31.12.2026 Expectation: 5500 pips
Buying AUDUSD with 0.69000 in view
FA Other Wave analysis
Today at 10:34 AM 21
McCarthy_Raymond
USDJPY sell
Period: 06.11.2025 Expectation: 2440 pips
Selling USDJPY as dollar gets less support
FA Other Technical analysis Indicators and reports Indicators Fundamental analysis
Today at 07:08 AM 19
Emily_Foster
AUDCAD sell
Period: 30.11.2025 Expectation: 800 pips
Selling AUDCAD from technical resistance
FA Other Chart analysis
Yesterday at 11:55 AM 32
McCarthy_Raymond
EURUSD buy
Period: 05.11.2025 Expectation: 1050 pips
EURUSD corrects ahead of key Fed decision
FA Other Technical analysis Indicators Chart analysis Fundamental analysis
Yesterday at 11:51 AM 59
Lyra_Moonwell1
Go to forecasts