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Message: POG in India

POG in India

posted on Sep 21, 2008 09:23AM

KARACHI (APP): Gold moved up by Rs 600 to Rs 21,257 per 10 grams in the local market Saturday, as its international price also improved to $ 875 an ounce, market sources said.



So, for 31 gram(1 oz) that equates to Rs 65,897. Converted to US dollars is $1,438.

Is this correct or have I messed something up?



Why the huge Arbitrage?

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