💨 Abstract

Gold premiums in India reached a nearly four-month high this week due to increased demand as prices fell. Conversely, China saw limited retail buying interest. Indian dealers charged a higher premium, up to $16 per ounce, compared to $3 last week, indicating increased demand. Jewelers were restocking after good sales during festivals. Meanwhile, international spot gold prices are expected to have their worst week in over three years due to price drops.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖