Gold in the domestic market cheaper than foreign market

In the Domestic Market, Gold is selling cheap from foreign market! Do not be shocked, this is true. Despite strong weakness in the rupee, the Gold market in the domestic market is cheaper about $ 8 a ounce versus the global market, and the surprising thing is that the festive season is going on and despite this there is a discount on Gold.

Gold in the Global Market is $ 1280 per ounce. In such a case, by adding 10 percent import duty, if the price is seen in rupees, then the price of this 30000 rupees per 10 gram is sitting. But selling is much lower than gold.