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Asia Gold: India gold demand ticks up as prices slip; China premiums ease
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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- Jun 12, 11:07am | 4 hr ago Posted byFundamental Analysis73
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