Gold jumps in India after govt retains import duty at 10%

Mumbai

GOLD prices in India rose to the highest level in more than a week after the world's largest consumer unexpectedly left the import tax on the metal unchanged.

Futures rallied as much as one per cent to 26,490 rupees (S$585) per 10 grams, the highest since Feb 19, on the Multi Commodity Exchange of India Ltd in Mumbai.