Gold was sold at a discount this week in India for the first time in a month as a rebound in local prices prompted jewellers to postpone purchases, while demand improved in top consumer China due to seasonal buying. “Jewellers are delaying purchases expecting a correction in prices. The sudden price rise surprised them,” said Harshad Ajmera, the proprietor of JJ Gold House, a wholesaler in the eastern Indian city of Kolkata. Local gold prices have risen nearly 3 percent so far this week following gains in the overseas market and on a depreciation in the rupee. “Jewellers are struggling to understand the price trend ... (full story)