Physical gold demand slowed in India this week as a recovery in domestic prices prompted buyers to postpone purchases, while weakening of the Chinese currency underpinned premiums in the top consumer. Indian dealers were charging a premium of up to $4 an ounce over official domestic prices — inclusive of the 15% import and 3% sales levies, up from the last week’s premium of $3. “Price movement is confusing buyers. Many potential buyers are waiting for the prices to correct,” said a Mumbai-based dealer with a private bullion importing bank. Local gold prices were trading around 60,200 rupees per 10 grams on Friday, ... (full story)