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Indian man slated for execution in Saudi Arabia saved after expats raise $4m

Indian man slated for execution in Saudi Arabia saved after expats raise $4m
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Indian gold buyers put off by price rebound, Chinese jewellers stock up

Indian gold buyers put off by price rebound, Chinese jewellers stock up Reuters, Bengaluru/Mumbai Reuters, Bengaluru/Mumbai Retail consumers in India slowed gold purchases this week put off by higher local prices, while top consumer China saw a slight pick-up in demand as jewellers stocked up going into year-end. Local gold futures rebounded to around 49,100 rupees per 10 grams on Friday, from its lowest since June 19, at 47,550 rupees, touched last week. Retail jewellery demand has been coming down due to volatile prices, said Anoop Chemmanur, managing director of Chemmanur Jewellers in Bangalore. Premiums eased to $2.5 an ounce over official domestic prices, inclusive of 12.5 per cent import and 3 per cent sales levies, from $3.5 last week.

UPDATE 1-Asia Gold-Indian buyers put off by price rebound, Chinese jewellers stock up

Investment demand to dip when vaccines hit Japan-trader HK dealers operate between $0.5/oz discount to $1.5/oz premium (Adds graphic) BENGALURU/MUMBAI, Dec 11 (Reuters) - Retail consumers in India slowed gold purchases this week put off by higher local prices, while top consumer China saw a slight pick-up in demand as jewellers stocked up going into year-end. Local gold futures rebounded to around 49,100 rupees per 10 grams on Friday, from its lowest since June 19, at 47,550 rupees, touched last week. “Retail jewellery demand has been coming down due to volatile prices,” said Anoop Chemmanur, managing director of Chemmanur Jewellers in Bangalore. Premiums eased to $2.5 an ounce over official domestic prices, inclusive of 12.5% import and 3% sales levies, from $3.5 last week.

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