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Indian gold price discounts remain sluggish, Chinese premiums stable

India's gold imports will probably drop in the second half of the year from the first six months

Reuters  |  Mumbai | Bengaluru 

Gold demand in India remained sluggish this week as local prices jumped to their highest level in nearly three months and a rally in global prices of the precious metal dampened fresh buying elsewhere in Asia. "Demand is still weak. From the next week demand could improve due to festivals," said Harshad Ajmera, the proprietor of JJ Gold House, a wholesaler in Kolkata. Local gold prices jumped to 28,996 rupees per 10 grams on Thursday, the highest level since June 14. Dealers in India were offering a discount of up to $7 an ounce on official domestic prices this ...

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First Published: Thu, August 10 2017. 17:17 IST