............Though gold is imported and loaned to jewellers, the pricing is done when jeweller returns the gold to the lending bank. As loan periods usually exceed three months, spot premia are different after a loan period is over; the import duty, too, might be different. A source in the know said, “This is becoming an issue for lending banks, as they are not able to conclude how to price gold when jewellers return the gold taken on loan.”.................
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