| The Indian gold market is not expecting any fireworks in terms of premium business in 2015, with most participants downbeat, expecting premiums to trade in a tight range of $1-$2/oz above the dollar spot price, sources said this week.
One broker said that unless the dollar gold price dramatically drops $100-$150/oz, it is doubtful that premiums will move higher from the current range. He noted that Indian physical buyers have become too savvy and that as soon as the price in local currency terms dips, they are quick to buy. However, the local market has ample supply, so premiums see little reaction...............................................Full Article: Source
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