▲ Positive
Gold's Record Rally, High Taxes Fuel India's Under-The-Counter Cash Market
30 Sept 2026 · NDTV Profit
In the cash market, traders have been able to source gold at discounts of as much as $200 an ounce to prevailing domestic prices, according to the people. Prices vary widely in the fragmented, informal trade, where deals are negotiated individually rather than against a common benchmark.
The analysis
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Market context
- This is a market-wide development — its reach goes beyond any single stock.
- The immediate tone of coverage reads positive.