As Pandemic Restrictions In India Ease, The Price Of Gold Swings From A Discount To A Premium
by Tyler Durden
Tuesday, Jul 06, 2021 - 08:40 PM
The price of gold has swung to a premium in India, one of the countries that helps drive the most demand for the precious metal.
It marks the first time in more than two months it has sold for a premium, according to a new report from Reuters featured on Mining.com.
The demand comes after pandemic restrictions in the country were slightly relaxed over the last 60 days. This has catalyzed a bump higher in retail demand, as people make purchases for weddings, the report says.