For example, if one gramme of silver Rs 61.40 today, you can buy 1 kg of the precious metal for Rs 61,400. But you will get a little over 10 gms of gold at this price ... either 999.9, 999.5 ...
Bulk of the gold requirement is met through imports and domestic bullion recycled locally. So apart from international prices, which is denominated in dollar, import duties and other taxes play a ...