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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: bull_dozer who wrote (60640)11/17/2023 3:21:34 PM
From: bull_dozer  Read Replies (1) | Respond to of 60899
 
Indian buyers brush off record rates to load up on gold for Diwali

  • Sales of coins and bars picked up last weekend - Indian dealer
  • India dealers offering $3/oz discount versus $4 last week
  • China premiums rise to $43-$58 per ounce range

Indian buyers brushed off record high local prices this week making gold purchases during the Diwali festival week in the country, while China premiums remained buoyant after the top-buyer continued to accumulate gold holdings.
"Demand improved gradually this week. It was as good as last year despite record high prices," said Harshad Ajmera, the proprietor of JJ Gold House, a wholesaler in the eastern Indian city of Kolkata.


business-standard.com