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Gold price rebound, COVID-19 curbs put brakes on India buying reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Corona pandemic Survey will be done from house to house of corona patients collectors instructions naidunia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naidunia.com Daily Mail and Mail on Sunday newspapers.
China’s Shenzhen unveils plan to become gold hub Feb 5 (Reuters) - Physical gold demand picked up in China this week ahead of the Lunar New Year festival, while Indian retail buyers cheered a sharp dip in domestic rates. Singapore dealers, meanwhile, flagged a possible supply crunch fuelled by a surge in interest for silver. Chinese dealers charged premiums of $0.50-$5 an ounce over benchmark spot gold prices. Demand is “a little better due to the Lunar new year,” said Ronald Leung, chief dealer for Lee Cheong Gold Dealers in Hong Kong, adding premiums could rise further if prices remain low following the holiday. ....
Message : Required fields (Reuters) - Physical gold demand picked up in China this week ahead of the Lunar New Year festival, while Indian retail buyers cheered a sharp dip in domestic rates. Singapore dealers, meanwhile, flagged a possible supply crunch fuelled by a surge in interest for silver. Chinese dealers charged premiums of $0.50-$5 an ounce over benchmark spot gold prices. Demand is a little better due to the Lunar new year, said Ronald Leung, chief dealer for Lee Cheong Gold Dealers in Hong Kong, adding premiums could rise further if prices remain low following the holiday. Gold rates in the top consumer flipped to a premium for the first time in 11 months mid-January, as demand showed signs of recovery from a pandemic-induced slump. ....
Physical gold discounts rose in India this week as buyers remained on the sidelines, while demand in Singapore and other Asian hubs ticked up as buyers took advantage of lower prices ahead of holidays. ....