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India discounts widen to 6-mth high, China sees New Year boost
Hindustan Times Pune
|January 18, 2025
Gold discounts in India widened to six-month highs this week as a rise in domestic prices dampened demand and jewellers awaited the annual federal budget, while physical gold demand in China was solid ahead of the Lunar New Year festival.
The rebound in gold prices has hammered demand, and buyers are now waiting for prices to correct, said a Mumbai-based dealer with a private bullion importing bank.
Domestic prices in India rose to ₹79,270 ($915.60) per 10 grams this week and were not far from all-time highs, tracking gains in international spot gold rates that hit a one-month peak.
Denne historien er fra January 18, 2025-utgaven av Hindustan Times Pune.
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