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The price of gold surged to record highs during trading on Monday, driven by heightened concerns over geopolitical uncertainty in the Middle East fol

The price of gold hit a record high during trading on May 20, a day after the death of Iranian President Ebrahim Raisi in a helicopter crash. Spot gold prices rallied to $2,449.89 per ounce (oz) on Monday before paring some gains, with the price surge following a broader rally across metal markets. Other precious […]

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

* China discounts narrow to $16-$20/oz from $19-$24 * People too cautious to spend savings right now -dealer * Spot gold prices on track for 3rd consecutive weekly gain BENGALURU/MUMBAI, Dec 18 (Reuters) - Physical gold in India was sold at a discount for the first time in six weeks as a rebound in local prices to a one-month peak squeezed demand, while purchases slowed in other Asian hubs ahead of the year-end holidays. India’s local gold futures jumped to 50,642 rupees per 10 grams on Thursday, the highest level since Nov. 18. “Demand is very subdued. Retail buyers are postponing purcha...

Indian Gold Dealers Offer Discounts For First Time In Six Weeks As Buying Slows Spot gold prices were on track for their third straight weekly gain, having hit a one-month high of $1,895.81 on Thursday Updated: December 18, 2020 7:41 pm IST India's gold futures jumped to Rs 50,642 per 10 gm on Thursday, the highest level since November 18. Physical gold in India was sold at a discount for the first time in six weeks as a rebound in local prices to a one-month peak squeezed demand, while purchases slowed in other Asian hubs ahead of the year-end holidays. India's local gold futures jumped ...