After gold prices became highly volatile over the past two weeks, buyers are now adopting a wait-and-see approach, hoping for prices to decline further, said a Chennai-based jeweller.
In India, domestic prices fell to ₹75,459 ($887.28) per 10 grams earlier this week after rising to ₹79,120 last week.
Indian dealers this week offered a discount of up to $8 an ounce over official domestic prices, inclusive of 6% import and 3% sales levies, down from last week's discount of up to $9.
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