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Trade Policy

India gold discounts widen; Bangladesh launches trade policy

MUMBAI/BENGALURU: Higher domestic prices dented demand for physical gold in India, prompting dealers to offer the biggest discounts in 3-1/2 months this week, while neighbouring Bangladesh approved its first policy to regulate imports and exports of the metal. Some customers in Singapore and elsewhere in Asia cashed in on a slight dip in global prices earlier this week, even as markets in top consumer China were closed for the Golden Week festival. In India, the second biggest gold consumer after China, dealers offered…