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Gold flat as safe-haven demand offsets US dollar strength - Markets

Gold prices were flat in light trading on Friday with Chinese markets closed for the Lunar New Year break, while a. ....

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Gold heads for weekly fall as dollar rises

Gold prices on track to mark biggest weekly drop in six weeks ....

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Falling prices spur Indian demand, China premiums rise

Falling prices spur Indian demand, China premiums rise
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India discounts hit 7-month high as price surge dents demand

Physical gold dealers in India increased discounts to seven-month highs this week in a bid to lure customers as record local prices hurt demand, while premiums in top consumer China slipped..
-December 08, 2023 at 06:57 am EST
- MarketScreener ....

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Record high gold prices add to post-festival lull in India demand

Physical gold dealers in India were forced to offer steeper discounts this week as record high prices accelerated a post-festival slowdown in demand, with the rise in local prices hurting activity in other Asian hubs as well. Indian dealers offered discounts of up to $9 an ounce over official domestic prices — inclusive of 15% import and 3% sales levies — up from the last week's discounts of $6. Demand was good for a few days after the Diwali festival last month, but rising prices have brought the market to a standstill, a New Delhi-based bullion dealer said. ....

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