According to Ketan Shroff of Pushpak Bullions Pvt Ltd, "Traders are selling at Rs 14,900 -- 14,950 per 10 gm presently, which was Rs 100-150 lower than the landed cost." He added, "The consumer price depends upon customers' needs as some in dire need of money sell at prices lesser than Rs 14,900 per 10 gm while others attract customers through price negotiations."
The RBI has issued guidelines and the government has notified it.
A dedicated physical gold exchange could lead to standard gold pricing in India.
Dealers expect prices to fall further, owing to an impending rate hike in the US
Gold schemes are offering attractive returns to investors.
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