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Asia Gold: India gold demand ticks up as prices slip; China premiums ease

From kitco.com

Gold demand in India improved slightly this ​week as softer prices drew in jewellery buyers even as caution prevailed, while premiums in China eased. Gold prices in India dropped to their lowest since April 2 at 146,444 rupees per 10 grams on Thursday, and are down 1.5% for the week so far. Demand improved ​as the recent price correction drew buyers back, particularly those for jewellery purchases, ​said Chanda Venkatesh, managing director at CapsGold, a bullion merchant based in ⁠the southern city of Hyderabad. Dealers quoted discounts of up to $35 an ounce over official ​domestic prices, inclusive of 15% ... (full story)

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  • Category: Fundamental Analysis