India Gold Demand Remains Weak as China Premiums Ease
India gold demand remains weak after an import duty hike. Chinese premiums eased as a strong dollar and rising yields weighed on physical bullion buying.
Xurve View
Insights:
Xurve View
Gold traded at a $78 discount in India this week as price volatility and higher import duties stalled retail demand. Discounts narrowed from the record $207 an ounce seen during the previous week. High domestic prices and tax hikes are curbing physical inflows into the world's second-largest bullion consumer.
