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Market weighs rising Omicron tide against the prospects of a March interest rate increase by the Fed

Physical gold demand in major Asian hubs rose this week, benefiting from a continued retreat in prices and a seasonal uptick, while Indian jewellers awaited for a further slide before stocking up.

MUMBAI: Physical gold demand crept up this week in top hubs India and China though dealers were still forced to offer discounts, while businesses limped back to life in India as some COVID-19 restrictions were eased. Some Indian states have begun easing restrictions as infection cases abate. “Slowly, businesses are opening up in a few states. As new coronavirus cases are

Jewellers lift shutters; discounts prevail in top hubs Top Searches Jewellers lift shutters; discounts prevail in top hubs Reuters / Jun 12, 2021, 17:36 IST FacebookTwitterLinkedinEMail Some states have begun easing restrictions as infection cases abate. "Slowly, businesses are opening up in a few states. As new coronavirus cases are falling, expectations are most states will ease restrictions in the next few weeks," said Mukesh Kothari, director at Mumbai bullion dealer RiddiSiddhi Bullions. Dealers offered discounts of up to $12 an ounce over official domestic prices, inclusive of 10.75%...

Physical gold demand crept up this week in top hubs India and China though dealers were still forced to offer discounts, while businesses limped back to life in India as some COVID-19 restrictions were eased.