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Gold price in India swings to premium as easing restrictions lure buyers

Gold price in India swings to premium as easing restrictions lure buyers
mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.

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Asia Gold-India prices swing to premium as easing restrictions lure buyers

Asia Gold-India prices swing to premium as easing restrictions lure buyers
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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Gold prices: Low gold prices spark flurry of activity in India

NEW DELHI: Physical gold demand in India gained momentum this week as retail buyers and jewellers lapped up bullion at near eight-month low prices, while Singapore continued to see steady interest for both gold and silver.
Gold futures in India were trading around Rs 46,000 per 10 grams, not far from the eight-month trough of Rs 45,861 touched last week.
Consumers are quite comfortable with current price level. There is good demand for jewellery from retail buyers, said Harshad Ajmera, the proprietor of JJ Gold House, a wholesaler in the city of Kolkata.
He added the Rs 50,000-mark is a psychological price barrier for Indian consumers. ....

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Asia Gold-Low prices spark flurry of activity in India

Chinese net gold imports via Hong Kong fall in January
Indian jewellers aggressively building inventory- dealer
Feb 26 (Reuters) - Physical gold demand in India gained momentum this week as retail buyers and jewellers lapped up bullion at near eight-month low prices, while Singapore continued to see steady interest for both gold and silver.
Gold futures in India were trading around 46,000 rupees per 10 grams, not far from the eight-month trough of 45,861 rupees touched last week.
“Consumers are quite comfortable with current price level. There is good demand for jewellery from retail buyers,” said Harshad Ajmera, the proprietor of JJ Gold House, a wholesaler in the city of Kolkata. ....

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Silver retreats from 8-year peak as retail surge loses steam

Article content
Silver dropped more than 5% on Tuesday, retreating from a near eight-year peak in the previous session, as a margin hike by the Chicago Mercantile Exchange called a halt to the latest leg of the social media-driven GameStop frenzy on financial markets.
Spot silver slipped 4.8% to $27.59 an ounce by 0811 GMT, after jumping 7.3% to hit its highest since February 2013 at $30.03 on Monday, as the pack of small-time investors shifted into the market following calls on Reddit and other platforms.
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Silver retreats from 8-year peak as retail surge loses steam Back to video ....

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