collected by :kiven Dixter
MUMBAI/BENGALURU: Gold prices in India traded at a sale for the 1st time in 6 weeks as the key wedding season failed to spur new demand, When high prices curbed appetite for the precious metal in great Asian centres except China. Dealers in India were offering a sale of up to USD two an ounce this 7 days over formal domestic prices, compared to a USD two premium final week. In China, gold was purveyed at a premium of USD 7- USD ten an ounce over the universal spot benchmark, up from final week's USD 5- USD 7, underlining company demand. Elsewhere, request for physical has eased as gold prices have tracked a tiny higher," told Cameron Alexander, an analyst by Thomson Reuters-owned metals consultancy GFMS. Spot gold was on track for its 2nd straight every week gain, having traded in a tight USD 1,270.56- USD 1,289.09 an ounce range amid a weaker dollar.
MUMBAI/BENGALURU: Gold prices in India traded at a sale for the 1st time in 6 weeks as the key wedding season failed to spur new demand, When high prices curbed appetite for the precious metal in great Asian centres except China. Dealers in India were offering a sale of up to USD two an ounce this 7 days over formal domestic prices, compared to a USD two premium final week. In China, gold was purveyed at a premium of USD 7- USD ten an ounce over the universal spot benchmark, up from final week's USD 5- USD 7, underlining company demand. Elsewhere, request for physical has eased as gold prices have tracked a tiny higher," told Cameron Alexander, an analyst by Thomson Reuters-owned metals consultancy GFMS. Spot gold was on track for its 2nd straight every week gain, having traded in a tight USD 1,270.56- USD 1,289.09 an ounce range amid a weaker dollar.
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