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A sustained record rally in domestic gold prices crippled the typical busy wedding season demand in India, with...

Physical gold demand in India fell sharply due to high domestic prices, forcing dealers to quote steeper discounts...

Physical gold dealers in India increased discounts to seven-month highs this week in a bid to lure customers as record local prices hurt demand, while premiums in top consumer China slipped.... -December 08, 2023 at 06:57 am EST - MarketScreener

Physical gold dealers in India were forced to offer steeper discounts this week as record high prices accelerated a post-festival slowdown in demand, with the rise in local prices hurting activity in other Asian hubs as well. Indian dealers offered discounts of up to $9 an ounce over official domestic prices — inclusive of 15% import and 3% sales levies — up from the last week's discounts of $6. Demand was good for a few days after the Diwali festival last month, but rising prices have brought the market to a standstill, a New Delhi-based bullion dealer said.

Physical gold dealers in India were forced to offer steeper discounts this week as record high prices accelerated a post-festival slowdown in demand, with the rise in local prices hurting activity... -December 01, 2023 at 07:35 am EST - MarketScreener