Gold price rise due to acute shortage of the yellow metal
Gold prices in the domestic market are 21 per cent higher than international markets like Dubai and Hong Kong as import restrictions have led to an acute shortage of the yellow metal in the country.
This has also triggered a surge in gold smuggling.
Sanjeev Agarwal, chief executive officer, Gitanjali Exports, told Mail Today that the Indian consumer is currently paying 21 per cent more than the international market price of gold, which works out to an extra Rs 4,000 per 10 grammes. S. P. S Pannu New Delhi Last Updated: March 4, 2014 http://businesstoday.intoday.in Read More