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Indian gold buyers put off by price rebound, Chinese jewellers stock up

Indian gold buyers put off by price rebound, Chinese jewellers stock up Reuters, Bengaluru/Mumbai Reuters, Bengaluru/Mumbai Retail consumers in India slowed gold purchases this week put off by higher local prices, while top consumer China saw a slight pick-up in demand as jewellers stocked up going into year-end. Local gold futures rebounded to around 49,100 rupees per 10 grams on Friday, from its lowest since June 19, at 47,550 rupees, touched last w...
Vergel Villasoto Ronald Leung Samson Li Anoop Chemmanur Chemmanur Jewellers Lee Cheong Gold Dealers

UPDATE 1-Asia Gold-Indian buyers put off by price rebound, Chinese jewellers stock up

* Investment demand to dip when vaccines hit Japan-trader * HK dealers operate between $0.5/oz discount to $1.5/oz premium (Adds graphic) BENGALURU/MUMBAI, Dec 11 (Reuters) - Retail consumers in India slowed gold purchases this week put off by higher local prices, while top consumer China saw a slight pick-up in demand as jewellers stocked up going into year-end. Local gold futures rebounded to around 49,100 rupees per 10 grams on Friday, from its lowest since June 19, at 47,550 rupees, touched...
Arpan Varghese Samson Li Anoop Chemmanur Diptendu Lahiri Amy Caren Daniel Vergel Villasoto

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