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(Reuters) - A pullback in domestic prices for physical gold from record highs lured back some buyers in India this week and prompted dealers to slash discounts to a 10-week low, while the bullion market in top hub China saw subdued activity. | 07:07am
A pullback in domestic prices for physical gold from record highs lured back some buyers in India this week and prompted dealers to slash discounts to a…
* Indian dealers offer $11/oz discounts vs $23 last week * Jewellers were on sidelines on price correction hopes- Indian dealer * Some dealers in China offer discounts for second str... | 07:25am
Gold consumers in top hub China slowed purchases this week as a steady rise in domestic prices started to bite, forcing dealers to offer discounts for the first time in months.
Physical gold dealers in India were forced to offer the steepest discounts in over a year to lure buyers put off by a record surge in local prices this week, while the banking crisis fueled steady demand in top buyer China.