Gold trading at huge discount as prices hit record high, cross Rs 35k mark

Gold prices rose sharply on Thursday and reached an all time high in the Indian market. In Mumbai spot market, the precious metal was trading above Rs 35,000 per 10 gram. Silver prices also rose to over Rs 41,000 per kg.  

2019 has been one of the best years for gold investors as the metal has delivered returns of 12.5 per cent so far. However, due to high prices, the demand was very thin, as gold traded at a huge discount to the cost of import. Therefore, some stock traders who had old gold stock were selling it. Unofficially, imported