Gold Demand Weakens: India & China Trends

  Published 1 year ago

Gold demand softened this week as the Indian wedding season ended and monsoon season began, while Chinese premiums slipped amid potentially overstocked markets. Overall, demand is subdued despite continued bullish bets in Shanghai.

  • India: Discounts increased to $31/oz.
  • China: Premiums fell to $15/oz.
  • Hong Kong/Singapore/Japan: Minimal premiums.

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