The premium includes a 10% gold import duty being imposed by the government, which is twice what it had been in 2012.
Gold demand in India remains strong despite the efforts of the sahibs to dampen access to imports to please the Western banking cartel at the expense of their own people.
When market forces are restrained by artificial pricing and market gaming for long periods of time the resolution of the divergence between supply and demand can be impressively 'energetic.'
