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ChinaAsia Gold Second coronavirus wave stifles demand in India Sumita LayekRajendra Jadhav 2 minutes read India's physical gold demand faltered this week as strict restrictions to contain the spread of COVID-19 kept buyers away, while activity in other top hubs remained largely muted due to higher prices. Many Indian states have imposed curbs amid a record surge in infections. read more The second wave has been badly affecting demand as many showrooms are closed due to restrictions, said Harshad Ajmera, the proprietor of JJ Gold House, a wholesaler in the city of Kolkata. "Suddenly, demand ...

Gold slips on strong China economic data Most Read Most Read Most Read Most Read Most Read Most Read Most Read Most Read Most Read Gold slips on strong China economic data Spot gold and US gold futures fall but bullion is set to rise more than 1% this week 09 April 2021 - 08:23 Diptendu Lahiri Picture: BLOOMBERG Bengaluru — Gold prices fell on Friday as robust economic data from China boosted hopes of a swift recovery, though bullion was set to rise more than 1% on the week as the US dollar and Treasury yields pulled back from recent highs. China’s March factory g...

Synopsis Local gold futures in India traded around Rs 44,400 per 10 grams on Friday, near a one-year low of Rs 44,150 they touched earlier in the week. AP Jewellers have been replenishing inventory as sales have improved significantly in the last few weeks, said a Mumbai-based dealer with a bullion importing bank, adding investors have started coin and bar purchases at current rates. Low domestic prices raked in demand for physical gold in some Asian hubs this week, with fresh retail interest also allowing dealers to charge higher premiums in India. Local gold futures in India traded around R...

Retail consumers in India continued to buy up physical gold this week as prices retreated to a near one-year low, while lower rates also injected fresh activity in other hubs, especially Singapore.

Dealers charged up to $5 an ounce over official domestic prices, inclusive of 12.5% import and 3% sales levies, compared with last week's premium of $4.