MUMBAI/BENGALURU Physical gold sold at a premium in India this week for the first time this year, driven by plunging imports and a near halt in smuggling that offset the impact of high unemployment and a rise in domestic prices across Asia that could deter buyers.
MUMBAI/BENGALURU, July 10 Physical gold sold at
a premium in India this week for the first time this year,
driven by plunging imports and a near halt in smuggling that
offset the impact of high unemployment and a rise in domestic
prices across Asia that could deter buyers.
* Safe-haven demand strongest in countries hit hardest-
BENGALURU/MUMBAI Physical gold demand in top consumers China and India continued to struggle due to the COVID-19 pandemic this week, while investment activity ticked up in Singapore and Japan.
BENGALURU/MUMBAI Retail demand for physical gold suffered this week in top Asian hubs as jewellery shops remained shut due to coronavirus restrictions, but some regions saw steady buying from investors hunting for a safe haven.
* Interactive graphic tracking the global coronavirus
https://tmsnrt.rs/3aIRuz7 in an external browser
BENGALURU/MUMBAI Physical gold demand in China continued to be in the doldrums this week as the coronavirus-led restrictions stalled activity, with dealers in the top consumer offering massive discounts.
BENGALURU/MUMBAI Major physical bullion hubs saw activity dwindle this week due to coronavirus-led restrictions, with strained supply chains cut off from soaring safe-haven demand in some regions.
BENGALURU/MUMBAI Physical bullion markets in major Asian hubs saw a sharp divide this week with some regions seeing a surge in demand, while others grappled with strained supply and muted activity amid global lockdowns due to the coronavirus.
BENGALURU/MUMBAI Physical gold dealers struggled to meet surging safe-haven demand this week, especially in Singapore, as the coronavirus outbreak choked global supply chains, while massive discounts were offered in India amidst a lockdown.