Source: Reuters (via feed)
Gold discounts in India widened this week to their deepest point in nearly a decade. Domestic demand in India stayed subdued as some traders avoided paying import duties. In China, safe-haven demand rose amid escalating tensions in the Middle East. A few importers in India reportedly held back buying during this period.
BizTrendWire Insight:
Gold discounts in India hit near-decade lows amid subdued demand and duty concerns. Middle East tensions coincided with increased safe-haven demand in China.
Gold discounts in India hit near-decade lows amid subdued demand and duty concerns. Middle East tensions coincided with increased safe-haven demand in China.
