Asia's Gold Demand Slumps Amid High Prices and Rates

  Published 1 year ago

Asia's gold demand weakens as prices surge; India hits 100,000, rupee milestone with steep discounts offered.

  • Indian dealers offer $63/oz discounts as prices top 100,000 rupees, demand dries up amid rate hikes.
  • Chinese gold premiums stabilize at $8-$14/oz, seasonal lull dampens buyer interest nationwide.
  • Hong Kong, Singapore see lower premiums; retail selling spikes as prices climb, and wholesale activity slows.
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