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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. ....

Vergel Villasoto , Ronald Leung , Samson Li , Anoop Chemmanur , Chemmanur Jewellers , Lee Cheong Gold Dealers , Hong Kong Based , ரொனால்ட் லேஉங் , சாம்சன் லி , அனூப் செம்மனூர் , செம்மனூர் நகைக்கடைக்காரர்கள் , லீ சியோங் தங்கம் விநியோகஸ்தர் , ஹாங் காங் அடிப்படையிலானது ,

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. ....

Arpan Varghese , Samson Li , Anoop Chemmanur , Diptendu Lahiri , Amy Caren Daniel , Vergel Villasoto , Eileen Soreng , Ronald Leung , Rajendra Jadhav , Thomson Reuters Trust Principles , Chemmanur Jewellers , Lee Cheong Gold Dealers , Hong Kong Based , Amy Caren , Thomson Reuters Trust , அர்பன் வர்கீஸ் , சாம்சன் லி , அனூப் செம்மனூர் , ஆமி கவனிப்பு டேனியல் , ஐலீந் சோரெங் , ரொனால்ட் லேஉங் , ராஜேந்திரா ஜாதவ் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , செம்மனூர் நகைக்கடைக்காரர்கள் , லீ சியோங் தங்கம் விநியோகஸ்தர் , ஹாங் காங் அடிப்படையிலானது ,