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.

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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.

India Tax Hikes Curb Retail Appetite

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