Physical gold demand in India ticked lower this week as buyers held back purchases, anticipating a deeper price correction, while a pullback in rates sparked buying interest in China and Singapore. Indian dealers were this week quoting a premium of up to $25 per ounce over official domestic prices, inclusive of 6% import and 3% sales levies, unchanged from last week. Domestic gold prices were trading around 122,700 rupees per 10 grams on Friday after hitting a record high of 132,294 rupees last week. Meanwhile, spot gold prices were on track for their first weekly drop in 10. “Last week, buyers were snapping up gold ... (full story)