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Asia Gold Lower prices revive some demand in top hubs 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.
Lower gold prices revive some demand in top hubs marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Yesterday Southstone Minerals (SML) says it produced 94 diamonds weighing 144.24 carats at its Oena Diamond Mine in South Africa during the second quarter of the fiscal year 2021. It said the diamonds recorded an average price of $1,105 per carat. Yesterday 17 november 2009 The sale surprised traders who expected China to buy the gold and fuelled speculation that other governments, including Beijing, may be ready to diversify their reserves, Reuters reported. The International Monetary Fund has sold 200 tonnes of gold to the Reserve Bank of India for $6.8 billion, quietly executing half of a long-planned bullion sale that has threatened to slow gold s ascent. The sale, which surprised traders who expected China to be the leading buyer, will relieve the gold market of some uncertainty over how and when the IMF would sell 403.3 tonnes of gold, about one-eighth of its total stock. The deal will increase India s gold holdings to the tenth largest among central ....
China’s Shenzhen unveils plan to become gold hub Feb 5 (Reuters) - Physical gold demand picked up in China this week ahead of the Lunar New Year festival, while Indian retail buyers cheered a sharp dip in domestic rates. Singapore dealers, meanwhile, flagged a possible supply crunch fuelled by a surge in interest for silver. Chinese dealers charged premiums of $0.50-$5 an ounce over benchmark spot gold prices. Demand is “a little better due to the Lunar new year,” said Ronald Leung, chief dealer for Lee Cheong Gold Dealers in Hong Kong, adding premiums could rise further if prices remain low following the holiday. ....
Message : Required fields (Reuters) - Physical gold demand picked up in China this week ahead of the Lunar New Year festival, while Indian retail buyers cheered a sharp dip in domestic rates. Singapore dealers, meanwhile, flagged a possible supply crunch fuelled by a surge in interest for silver. Chinese dealers charged premiums of $0.50-$5 an ounce over benchmark spot gold prices. Demand is a little better due to the Lunar new year, said Ronald Leung, chief dealer for Lee Cheong Gold Dealers in Hong Kong, adding premiums could rise further if prices remain low following the holiday. Gold rates in the top consumer flipped to a premium for the first time in 11 months mid-January, as demand showed signs of recovery from a pandemic-induced slump. ....