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Asia Gold: Demand quiet amid small price moves, India discounts widen


By Rajendra Jadhav and Swati VermaMUMBAI/BENGALURU (Reuters) - Physical gold demand was soft in major Asian hubs this week with global prices moving in a tight range, while lower retail purchases forced sellers in India to offer wider discounts during a slow period for buying the metal.Benchmark spot gold prices have moved little since last Friday's close, with the spread between its highs and lows the narrowest of any week since August 2007, at just $13.70 an ounce. Investors were also cautious before Group of Seven summit, the U.S. Federal Reserve policy meeting and the U.S.-North Korea ...

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First Published: Fri, June 08 2018. 16:46 IST