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NCDEX to launch gold futures contract tomorrow

Commodity bourse NCDEX will launch gold futures contract on Wednesday to provide a transparent and credible price benchmark to the domestic consumer.

Indian gold prices swing to premium

Gold prices in top consumer India swung to a premium to the global benchmark this week, compared with discounts late last month, as jewellery demand picked up, dealers said.

Gold premiums in India fall to 4-month low on talk of import duty cut

Gold premiums in India, the world`s second-biggest consumer of the metal after China, fell 17 percent on Friday to their lowest in four months as buyers postponed purchases on speculation over a possible cut in import duty next week.

Why India’s gold has outperformed global prices

The depreciation in rupee has cast a huge impact on the escalation of gold prices as it makes imports costlier.

India moves closer to gold import quota curb demand

By tying gold imports directly to export volumes, India is effectively trying to cap how much bullion can be brought into the country, tightening supplies and driving up local prices.