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can buy up to 20,00,000 Gold Petal Contracts. Jewelers in India charged a premium of 3 per ounce over the official domestic prices, remained unchanged since last week, which includes10 percent import tax. The US is now winding down its QE; there could be chances that gold rates in India could be impacted. Reputed stores stamp the jewellery with purity scale.

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7 Lac if the LTV is set. 26th Feb 2018 Gold Price - Jump Affects Demands, Brings in Discount For the first time in last three weeks, Gold, in the physical form, was sold at a discounted price. 61 62 The limit was reduced to 2,000 per person from 18 November 2016. The prices are based on the rates defined by the government for gold import. Uma Shankar, chief general manager (CGM) in charge of the Reserve Bank of India's financial inclusion and development department has taken over as executive director (ED) in the central bank.

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