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Asia Gold-Dealers lower rates for physical purchases as high prices bite

An uptick in gold prices this week deterred physical purchases in top consumers, prompting dealers to offer lower premiums in China and deeper discounts after a key gold-buying festival in India. . -May 20, 2024 at 03:00 am EDT - MarketScreener

Asia gold: Dealers lower rates for physical purchases as high prices bite - Markets

Asia gold: Dealers lower rates for physical purchases as high prices bite - Markets
brecorder.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brecorder.com Daily Mail and Mail on Sunday newspapers.

Why is China on a gold-buying spree? How is it affecting prices of the yellow metal?

Why is China on a gold-buying spree? How is it affecting prices of the yellow metal?
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Gold demand subdued in top-consumers India, China despite price drop

In China, dealers charged premiums of $18-$20 per ounce over benchmark prices, down from the $20-$35 premiums seen last week.

Demand subdued in top-consumers India, China despite price drop

Physical gold demand in India remained subdued this week despite a slight correction in prices as buyers awaited an even bigger drop, while Chinese premiums slipped for the second straight week.

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