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Asia gold: India demand cools after festive rush; price fall propels buying elsewhere
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 ... (full story)
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- Oct 24, 2025 10:48am Posted byFundamental Analysis252
